BCAS Newsletter, February 2006 1 President : Sanjeev Pandit, 24903751-2; Vice-President : Himanshu Kishnadwala, 26286909; Hon. Secretaries : Anil Sathe : 24367693; Ameet Patel : 22675585; Hon. Treasurer : Naushad Panjwani, 28764521 P R O G R A M M E S A T A G L A N C E 7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400020. Tel. Nos. : 56595601 to 05; Fax : 56595606 E-mail : [email protected]; Website : www.bcasonline.org Vice-President’s Communiqué . . ✍ Day & Date : Wednesday, 22nd February 2006* Speaker : Mr. Pinakin Desai, Chartered Accountant Subject : Issues in Corporate Taxation Day & Date : Saturday, 4th March 2006 Time : 5.00 p.m. Speaker : Mr. S. E. Dastur, Sr. Advocate Subject : Finance Bill, 2006 Venue : Yogi Sabhagriha, near Swaminarayan Temple, Dadar (CR) Day & Date : Thursday, 16th March 2006* Speaker : Mr. Vikram Nankani, Advocate Subject : Service Tax Provisions of the Union Budget 2006-07 (Please note the change in date ) Day & Date : Wednesday, 5th April 2006* Speaker : Mr. Rajan R. Vora, Chartered Accountant Subject : Deductions under chapter VIA with special reference to S. 80HHC and S. 80IB(10) *Fellowship over a cup of tea at 5.45 p.m. Lecture Meeting at 6.15 p.m. Lecture Meetings Venue : 4th flooor, IMC, Churchgate, Mumbai-400020. Himanshu Kishnadwala Half-day workshop on TDS from International Transactions .................................. 24-2-2006 ........ Audio Visual Centre, Jai Hind College, Mumbai-400020. 2 Workshop on Practical Aspects of CAATs .............................................................. 24,25-2-2006 ... Gulmohar & Lotus Conference Rooms, BCAS ................. 2 Full-day seminar on Derivatives ............................................................................... 25-2-2006 ........ Jai Hind College Auditorium, Mumbai-400020. ................. 4 Workshop on Insurance and Mutual Fund Products — Advisory Perspective ..... 18-3-2006 ........ BCAS Conference Room, Marine Lines, Mumbai-400020. 3 Study Course on Tax Deduction at Source ........................................................... 7-4-2006 .......... M. C. Ghia Hall, Mumbai-400001. ..................................... 4 BCAS Study Circles for 2006 .................................................................................. 2006 ................ BCAS Conference Room .................................................... 6 Dear Members, The BSE Sensex crossed 10,000 on 6th February 2006. The government has projected a GDP growth of over 8% this year and also expects the same to continue over the next 2-3 years. At these levels, though most analysts have advised investors to exercise caution before putting funds in all and sundry stocks, they are still optimistic about further growth of the economy. The real estate market is also witnessing high growth with prices touching new highs every day. This high growth has resulted in more and more businessmen expanding capacities and entrepreneurs putting up new projects. Due to this growth, the market for professional services is also growing fast. This obviously augurs well for Chartered Accountants who are well equipped to meet this growing demand for their services. To cope with this growth, Chartered Accountants need to expand the scope of services they can render and their aim should be to offer multiple services under one roof. The target for most Chartered Accountants should be therefore to be able to provide services in addition to the traditional tax/audit areas. This will also be a good opportunity for Chartered Accountants to restructure their practices to provide the best services to their existing clientele. BCAS has organised various programmes other than those for the traditional tax/audit areas to equip members to obtain knowledge in these emerging areas of professional practice. The Budget and Finance Bill for 2006-07 is scheduled to be presented on 28th February. The government is also expected to table the new Companies Bill in the budget session. Let us hope that there is enough debate on the proposals (including in the Parliament) and that adequate thought goes into the final legislation that is passed. With best wishes, Harnessing Talent and Providing Quality Service
Half-day workshop on TDS from International Transactions .................................. 24-2-2006 ........ Audio Visual Centre, Jai Hind College, Mumbai-400020. 2
Workshop on Practical Aspects of CAATs .............................................................. 24,25-2-2006 ... Gulmohar & Lotus Conference Rooms, BCAS ................. 2
Full-day seminar on Derivatives ............................................................................... 25-2-2006 ........ Jai Hind College Auditorium, Mumbai-400020. ................. 4
Workshop on Insurance and Mutual Fund Products — Advisory Perspective ..... 18-3-2006 ........ BCAS Conference Room, Marine Lines, Mumbai-400020. 3
Study Course on Tax Deduction at Source ........................................................... 7-4-2006 .......... M. C. Ghia Hall, Mumbai-400001. ..................................... 4
BCAS Study Circles for 2006 .................................................................................. 2006 ................ BCAS Conference Room .................................................... 6
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Dear Members,
The BSE Sensex crossed 10,000 on 6th February 2006. Thegovernment has projected a GDP growth of over 8% this year andalso expects the same to continue over the next 2-3 years. At theselevels, though most analysts have advised investors to exercisecaution before putting funds in all and sundry stocks, they are stilloptimistic about further growth of the economy. The real estate marketis also witnessing high growth with prices touching new highs everyday. This high growth has resulted in more and more businessmenexpanding capacities and entrepreneurs putting up new projects.
Due to this growth, the market for professional services is also growingfast. This obviously augurs well for Chartered Accountants who arewell equipped to meet this growing demand for their services. To copewith this growth, Chartered Accountants need to expand the scopeof services they can render and their aim should be to offer multipleservices under one roof. The target for most Chartered Accountantsshould be therefore to be able to provide services in addition to thetraditional tax/audit areas. This will also be a good opportunity forChartered Accountants to restructure their practices to provide the bestservices to their existing clientele. BCAS has organised variousprogrammes other than those for the traditional tax/audit areas to equipmembers to obtain knowledge in these emerging areas of professionalpractice.
The Budget and Finance Bill for 2006-07 is scheduled to be presentedon 28th February. The government is also expected to table the newCompanies Bill in the budget session. Let us hope that there isenough debate on the proposals (including in the Parliament) and thatadequate thought goes into the final legislation that is passed.
With best wishes,
Harnessing Talent and Providing Quality Service
BCAS Newsletter, February 20062
° Chairman : Kishor KariaConvenors : Mayur Nayak
Chetan ShahDhishat Mehta
Course Co-ordinators : Tarunkumar G. Singhal, Mitil R. Chokshi
Half-day workshop onTDS from International Transactions
International Taxation Committee is pleased to announce a half-dayworkshop on TDS from cross-border payments. Due to increasinginteraction between Indian and global businesses, and the complexityof the issues involved, the subject of withholding tax on payments tonon-residents is of paramount importance to all professionals. Therigours of lack of proper compliance can be appreciated from the factthat u/s.40(a)(i) of the Income-tax Act, it could result in totaldisallowance of the payments made, apart from other penalconsequences. With the Indian economy being the flavour of themonth, the year, and possibly the decade, and with stupendousamounts of investments, both by way of FDI and Portfolio Investmentbeing planned by global majors in all kinds of industries, noprofessional — whether in practice or in industry — can afford toignore this subject. This interactive workshop is specifically designedto assist the members — in practice and in industry — to have aringside view of the practical issues and controversies on the subjectfrom a battery of experts having hands-on experience. The details ofthe workshop are as follows :
Day & Date : Friday, 24th February 2006
Time : 2.30 p.m. to 6.00 p.m.
Venue : Audio Visual Centre, Jai Hind College,4th floor, ‘A’ Road, Churchgate, Mumbai-400020.
Fees : Rs.400 for Members; Rs.600 for Non-Members(including Rs.20 as contribution to BCAS Foundation)
Subject Speaker/Trustee
(1) TDS from payment of Royalties Mr. Hitesh Gajaria & Fees for Technical Services (Chartered Accountant)
(2) Brains Trust Session Mr. M. P. Lohia(Questions/Answers) (IRS, Former CIT)
Mr. T. P. Ostwal(Chartered Accountant)
Mr. Nitesh S. Joshi(Advocate)
Participants are requested to send their queries for the Brains TrustSession to the BCAS office/Convenors.
Registration restricted to 125 members on first-come, first-served basis.
Enrolment form is printed on page 8.
Chairman : Chandravadan DalalCo-chairman : Pranay MarfatiaConvenors : Rajeev Shah
Abhay Mehta
Workshop onPractical Aspects of CAATs
In today’s environment when the major business functions are linkedthrough computers, the task of conducting audit has also undergonea sea change. The order of the day is to deliver assurance functionat a great speed with a high degree of precision. This has been madepossible by the use of CAAT tools.
To educate our members about the utility of such CAAT tools, aunique workshop for two half days is organised, wherein eminentfaculty will provide insights into the practical use of the CAAT toolswith hands on experience.
The details of the workshop are as under :
Day & Date Time Topic Faculty
Friday 2.30 p.m Use of CAAT Mr. Chetan Dalal, C.A.24-2-2006 to Tools in Mr. Nikunj Shah, C.A.
6.00 p.m. Functional Audit
Saturday 2.30 p.m. Use of CAAT Mr. Deepjee Singhal, C.A.25-2-2006 to Tools in Mr. Jairam Rajsekharan,
Let no one be ashamed to say yes today if yesterday he said no.
Or to say no today if yesterday he said yes. For that is life.
Never to have changed — what a pitiable thing of which to boast !— Johann Wolfgang Goethe
BCAS Newsletter, February 2006 3
°Chairman : Hemendra Shah
Convenors : Nina KapasiAnup ShahSatish Kanodia
Workshop on Insurance and Mutual FundProducts — Advisory Perspective
‘A stitch in time saves nine’ or ‘Make hay while the sun shines’. Theseproverbs are applicable to our life. You earn today, save today andinvest wisely, that is the secret of happy retirement.
With an increasing life span and a reduction in the retirement agelimit, analysis of various retirement plans has become crucial.
For such plans, insurance and mutual funds are two major investmentavenues.
Insurance — be it Life or Non-Life — comes with different options,each taking care of a specific facet.
Term insurance, whole-life plan or unit-linked plan — each plan hasdifferent risks and different investment parameters.
Each insurance plan offers different riders, which can be consideredfor different objectives.
Similarly, different options with different mutual funds — be it sectorspecific fund or index fund or debt fund or liquid fund.
It is also equally necessary to know when to invest in mutual fundsand when to exit. It is interesting to learn how one should calculatethe ROI on such mutual funds and impact of the entry/exit loads onsuch ROI.
It may be worth to know whether it makes sense to invest in IPOsof mutual funds ?
We, as consultants are constantly posed with these questions in themidst of many companies offering designer products. Evaluation of taximplications initiates just preliminary analysis. To make oneself awareof availability and finer aspects of different products, and legal,financial and tax implications thereof, a half-day workshop has beenorganised. The details are as follows :
Fees : Rs.300 inclusive of course material, snacks and Rs.20 as contribution to BCAS Foundation (for members)Rs.350 (for non-members)
Faculty :
Mr. O. C. SinghVice-President, Tata AIG,Broker Relations
Mr. S. Ganesh,Chartered Accountant,Senior Vice-President(Sales and Marketing)with UTI Mutual Fund
Insurance Products — Optionsand Analysis
Mutual Funds — Options,Evaluation and Analysis ofProducts including Key ManInsurance
Enrolment restricted to 100 participants.
Enrolment form is printed on page 8.
Recent additions to the BCAS Library
Sr. No. Author Edition
1 Model Tax Convention on Income and on Capital 1st Ed., 2006
2 Indian Accounting Standards & GAAP (Vol.I & II) with CD Dolphy D’Souza 4th Ed.,2005
3 Corporate Laws Taxmann 2006
4 Foreign Exchange Management Manual with CD 2006
5 Direct Taxes Law & Practice Dr. Vinod K. Singhania 34th Ed., 2005-06Dr. Kapil Singhania
6 Stamp Duty True Market Value Ready Reckoner Mahendra C. Jain, H. M. Bhatt 2006
7 Concise Oxford English Dictionary
8 *Wills & Bequests — Strategies N. M. Ranka, K. H. Kaji, 1st Ed., 2005Bharat R. Damodar, Pradip Kapasi
9 *Interpretation of Taxing Statutes — An Overview Ajay Singh, A. Jayaseelan, 1st Ed., 2005Arati Vissanji, A. P. Sathe
* Complimentary copy received
BCAS Newsletter, February 20064
°
Course Co-ordinator : Kunjan Gandhi
Full-day seminar on Derivatives
The sheer magic of 10K.
Wealth : Investor wealth in India multiplies 4 times, since 2002.
Gain : Bombay Sensex outperforms Dow Jones since Tech BubbleBurst.
Money : Opportunities to make money, Huge.
A full-day seminar on Derivatives by Professionals is organised byEconomic Laws Committee.
Faculty :
Mr. Raghu Iyer, Chartered Accountant, Professor on Derivatives.
Mr. Bhavesh Vora, Chartered Accountant.
They will speak on Derivative products, concepts, trading strategieswith actual examples, accounting and taxation.
Date : 25th February, 2006, Saturday.
Time : 9.30 a.m. to 5.30 p.m.
Venue : Jai Hind College Auditorium, 4th floor, Churchgate,Mumbai-400020.
Fees : Rs.650 for members (inclusive of cost of material, breakfast,lunch, tea, coffee, etc. and Rs.20 as contribution to BCASFoundation) Rs.700 for non-members.
Members attending the above programme may send their queries, ifany, in advance, so as to enable the faculty to adequately respond.
Enrolment form is printed on page 8.
Chairman : Hemendra Shah
Convenors : Nina KapasiAnup ShahSatish Kanodia
Study Course onTax Deduction at Source
Tax Deduction at Source (TDS) is rapidly gaining attention ofprofessionals and CFOs responsible for tax compliance.
Default in observance of TDS provisions attracts not only penalty/prosecution, but also disallowance of expenses u/s.40(a).
In order to update ourselves on various issues and controversies onthe subject, the Taxation Committee has organised this one and halfday ‘Study Course on Tax Deduction at Source’.
Day, date & time : Friday, 7th April 20062.30 p.m. to 5.30 p.m. andSaturday, 8th April 20069.30 a.m. to 5.00 p.m.
Venue : M. C. Ghia Hall, Bhogilal HargovinddasBuilding, 18/20, K. Dubash Road, BehindPrince of Wales Museum, Mumbai-400001.
Fees : Rs.950 each for members and Rs.1,250 each forothers (inclusive of course material, if any; lunchon Saturday, snacks, tea and contribution ofRs.20 towards BCAS Foundation)
Subject Speaker
Inaugural Address CCIT*
TDS on Salary Payments — S. 192 Yogesh Thar
TDS on Payments to Contractors &Sub-contractors — S. 194C and TDSon fees for Professional and TechnicalServices — S. 194J Gautam Nayak
TDS on Commission and Brokerage— S. 194 H and Rent — S. 194 I Nitesh Joshi
TDS on other sums paid toNon-Residents — S. 195 Sushil Lakhani
Interest, Penalties and ProceduralAspects Makarand Herwadkar
Disallowance u/s.40(a)(i) & (ia) Chetan Karia
E TDS Narayan Bhargava
Brains Trust CIT*K. ShivaramEminent faculty*
* Will be announced later.
Note : Registration on first-come first-served basis in view of limited seats.
Enrolment form is printed on page 8.
Chairman : Pinakin Desai
Co-Chairman : Rajan Vora
Convenors : Rajesh KothariMayur Desai
The next Charitable Trust Clinic will be held on Friday, 3rd March2006, from 5 p.m. to 7 p.m. in the library room of BCA Societyat New Marine Lines.
Chartered Accountants and Trustees interested in having theirqueries solved, are requested to call the Society’s office (Mrs.Mistry on extn. 20) and obtain a prior appointment, latest by noonon the day of the Clinic. Querists are also advised to bring along,relevant papers like trust deed, audited accounts, etc.
Panel of Advisors : Ratanshaw Damanwala, Shariq Contractor,Gautam Nayak, Anil Sathe and Atul Shah
Charitable Trust Clinic
BCAS Newsletter, February 2006 5
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Accounts & Audit ClinicThe next Accounts & Audit Clinic will be held on Saturday, 4thMarch 2006, from 10.30 a.m. to 11.30 a.m. in the library roomof the BCA Society at New Marine Lines.
Persons interested in having their queries solved, are requestedto call the Society’s office (Mr. Rajaram on extension 13) andobtain a prior appointment, a day before the day of the Clinic.
Panel of Harish N. Motiwalla, Himanshu V. Kishnadwala andAdvisors Jayesh M. Gandhi
The Reserve Bank of India has issued 4 circulars and Ministry ofCommerce & Industry, Government of India has issued 2 Press Notes.
A.P. (DIR Series) Circular No. 21 dated January 10, 2006
Export of goods and services — Liberalisation — GR approvalfor export
This Circular further liberalises the facilities available to exporters.Henceforth, authorised dealer banks can grant GR approval in caseswhere goods are being exported for repairs/maintenance/testing/calibration, etc. and subsequently re-imported thereafter. Exporters willhave to produce the relative Bill of Entry to the authorised dealer bankwithin one month of re-import of the exported item.
Where goods are destroyed during testing, the exporter will have tosubmit to the authorised dealer bank a certificate issued by the testingagency stating that the goods have been destroyed during testing, inlieu of Bill of Entry for re-import.
A.P. (DIR Series) Circular No. 22 dated January 19, 2006
Exim Bank’s Line of Credit of US $ 10 million to Absolut Bank,Russia
The Export-Import Bank of India (Exim Bank) has made available aLine of Credit up to an aggregate sum of US $ 10 million to AbsolutBank, Russia. This credit, subject to certain terms and conditions, isavailable for financing export from India of any item that might beagreed upon between Exim Bank and the borrower which is eligiblefor export under the Foreign Trade Policy of the Government of India.
The terminal utilisation period is December 14, 2007 and period ofdisbursement is up to June 14, 2008. Both these periods may beextended depending upon utilisation of credit.
A.P. (DIR Series) Circular No. 23 dated January 23, 2006
External Commercial Borrowings (ECB) by Multi-State Co-operative Societies
This Circular permits Multi-State Co-operative Societies engaged inmanufacturing activity to raise ECB under the Approval Route.Applications will be considered by RBI if :
(i) The Multi-State Co-operative Society is financially sound.
(ii) The Multi-State Co-operative Society submits its up-to-dateaudited balance sheet.
(iii) The proposal complies with all parameters of ECB guidelinesas mentioned in paragraph 1(B) of the Circular dated August1, 2005.
A.P. (DIR Series) Circular No. 24 dated January 25, 2006
Foreign Investment in Tier I and Tier II instruments issued bybanks in India
This circular permits banks in India to augment their capital, subject
to certain terms and conditions, through issue of Perpetual DebtInstruments for inclusion as Tier I Capital and Debt Capital Instrumentsas upper Tier II Capital to the following foreign investors :
(i) Foreign Institutional Investors (FII) registered with SEBI.
(ii) Non-Resident Indians (NRI).
Press Note No. 1 (2006 Series) dated January 13, 2006
Foreign Direct Investment (FDI) in up-linking of TV Channels
This Press Note contains the revised guidelines for Up-Linking notifiedon December 2, 2005 by the Government. It also states that FDI forUp-linking TV Channels will be subject to compliance with the Up-linking Policy of the Government of India notified by the Ministry ofInformation & Broadcasting from time to time.
Press Note No. 2 (2006 Series) dated January 16, 2006
Clarification regarding Foreign Direct Investment (FDI) intownships, housing, built-up infrastructure and construction-development projects
This Press Note clarifies that the provisions of Press Note 2 (2005Series) in respect of FDI in townships, housing, built-up infrastructureand construction-development projects will not apply to :
(i) Special Economic Zones (they will be governed by The Spe-cial Economic Zone Act, 2005).
(ii) Establishment and operation of hotels [they will be covered byPress Note 4 (2001 Series)].
(iii) Establishment and operation of hospitals [they will be coveredby Press Note 2 (2000 Series)].
But innovation is more than a new method. Itis a new view of the universe, as one of riskrather than of chance or of certainty. It is a newview of man’s role in the universe; he createsorder by taking risks. And this means thatinnovation, rather than being an asser tion ofhuman power, is an acceptance of humanresponsibility.
— Peter Drucker
BCAS Newsletter, February 20066
°BCAS Study Circles for 2006
BCAS announces the formation of new Study Circles for the year2006.
Members desirous of sharing and gaining knowledge are invitedto join the Study Circles. The details are as under :
Study FeesCircle per personNo. Subject (Rs.)†
I Direct Tax Laws 220
II Indirect Tax Laws 220
III Company Law, Auditing and Accounting 220
IV FEMA 425
V Economic Laws (including FinancialServices and Commercial & Allied Laws) 220
VI Computer 220
VII Human Development 300
VIII Arbitration, Conciliation and Mediation 220
IX Internal Audit Studies 220
† Fees include Rs.20 as contribution to BCAS Foundation.
Venue : Generally, all Study Circle meetings would be held atthe conference rooms in the office of the BCAS. Inexceptional cases, meetings may be held at othervenues.
➠ Enrolment to the Study Circles is open to all members.
➠ It will be our endeavour to hold 6 to 10 meetings of eachStudy Circle in a year.
BCAS publications for sale
Sr. Name of Publication Price PostageNo. Rs. Rs.
1 Transfer Pricing Manual 450 100
2 Service Tax — Basic Conceptsand Procedures 25 20
3 Service Tax — Goods Transportedby Road Service 25 20
4 Exploring DTAA 250 50
5 39th RRC Papers 300 50
6 CD on the discussions conducted atthe 39th RRC by various paper writers 100 20
7 International Tax andFinance Conference, 2004 350 60
8 Entertainment Industry— Accounting, Taxation and Procedures 100 60
9 Harmful Tax Competition— An Emerging Global Issue 100 25
12 CD of BCAJ Archivesfrom April 2000 to March 2005
For members & journal subscribers 200 20
For others 300 20
13 International Tax and FinanceConference, 2005 350 50
14 Accrual System of Accounting— A Study 130 50
Sawyers Book : Few copies of Sawyers Book on Internal Auditfor sale costing Rs.7500 is available for sale at the BCAS
premises at the special rate of Rs.5000.
Attention Members
Day & Date : Saturday, 4th March 2006
Time : 5.00 p.m.
Speaker : Mr. S. E. Dastur, Sr. Advocate
Subject : Finance Bill, 2006
Venue : Yogi Sabhagriha, near Swaminarayan Temple, Dadar (CR)
BCAS Newsletter, February 2006 7
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BCAS Newsletter, February 20068
°
Combined Enrolment Form
Please fill in the above form appropriately and send the same to Society’s office along with the requisite payment.Please mention your name and membership number on the reverse side of the cheque/DD.
Name : ...................................................................................................................................................................................................................................................
Student’s Regn. No. with ICAI : ..........................................................................................................................................................................................................
Name and address of Principal : ........................................................................................................................................................................................................
Cash / Draft / Cheque No. ............................... drawn on ........................................................................................................................................................... Bank,
dated ................................. for an amount of Rs. ........................................................................... is enclosed.
Date : .............................. (Signature)
þ wherever applicable
✁ ✁ ✁ ✁ ✁ ✁ ✁ ✁CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE CUT HERE
WORKSHOPS :
Practical Aspects of CAATs 24,25-2-2006 Rs.750 ............................
TDS from International Transactions 24-2-2006 Rs.400 members ............
Rs.600 non-members .....
Workshop on Insurance and Mutual FundProducts — Advisory Perspective 18-3-2006 Rs.300 members ............
Rs.350 non-members .....
Registered with the Registrar of Newspapers for India under R.N. 68365/98 REGD. No. MH/MR/South-88/2006-08Licensed to post without prepayment : Licence no. South-12/2006-08. Posted at Mumbai Patrika Channel Sorting Office, Mumbai-400001.
SEMINAR :
Full-day Seminar on Derivatives 25-2-2006 Rs.650 members ............
Rs.700 non-members .....
COURSE :
Study Course on Tax Deduction at Source 7-4-2006 Rs.950 members ............
Rs.1250 non-members ...
STUDY CIRCLES :
Study Circles I to IX Calendar year 2006 Rs.220,220,220,425220,220,300,220,220 .......
BCAS Opinion PollCast your vote
and help us in mobilising the opinion of our members, so thatthe same can be conveyed in a strong voice to the authorities.
This month’s question :Do you expect a Populist Budget in view of the
elections round the corner ?
YesNo
Can’t say
To cast your vote, log on towww.bcasonline.org
Last month’s question :Should FBT be scrapped in this budget,and if necessary, the corporate tax rate
be enhanced by 1% ?
Results of the poll :
Yes — 82.36%No — 14.7%
Can’t say — 2.94%
BUDGET PUBLICATION(Publication in English, Gujarati and Marathi languages)
As in the past, this year also the BCAS is publishing booklet ‘TheFinance Bill, 2006 — An Analysis’.
The purpose of this publication is to highlight intricacies of the Budgetproposals in simple language for the benefit of citizens at large.
Members who wish to purchase and distribute the copies of Englishversion amongst their friends, relatives, clients, etc., to help the BCASto achieve its objective of enlightening citizens, can book their copiesin advance by 25th February 2006 at a concessional rate of Rs.50for a set of 10 copies (plus postage of Rs.40 per set, if applicable)and collect the same from the Society’s office from 6th March 2006.
For those who cannot book in advance, the copies will be availablefrom 6th March 2006 at Rs.60 for a set of 10 (plus postage of Rs.40per set, if applicable).
Gujarati and Marathi versions of this booklet will be available at Rs.30for a set of 6 booklets (plus postage of Rs.25 per set, if applicable)and can also be booked in advance at the same price. Booklets inGujarati and Marathi will be available for all from the afternoon of 7thMarch 2006.
