THE CHAMBER NEWS. The following new members, were admitted in the Managing Council meeting held on 8th March, 2013.

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1 Hitesh R. Shah & Paras Savla, Hon. Jt. Secretaries THE CHAMBER NEWS Through this column, we communicate with you about, and keep you abreast with, the events and the happenings that take place at the CTC. The events that have taken place after the previous issue of the Income Tax Review from 8th February, 2013 till 8th March, 2013 and also some of the important future events which are as under I. Admission of New Members The following new members, were admitted in the Managing Council meeting held on 8th March, LIFE MEMBERSHIP 1 SHRI BHUTA NITIN SURESHCHANDRA CA MUMBAI 2 MRS. KAMDAR BHAKTI MUDIT CA MUMBAI 3 SHRI GOSAR KALPESHKUMAR T. CA MUMBAI 4 SHRI P.V.N.R.N. PAVAN KUMAR ITP ANDHRA PRADESH ORDINARY MEMBERSHIP (APRIL, 2013 TO MARCH, 2014) 1 MRS. THAKURDESAI AARTI U. ICSI MUMBAI 2 SHRI MEHTA HARSHIT N. CA MUMBAI 3 SHRI MUNNOLI SHRISHAIL S. CA MUMBAI 4 SHRI S. JAYDEEP SELVARAJU ADV. MUMBAI 5 SHRI GOYAL AMIT KUMAR CA MUMBAI 6 SHRI GARG AJAY S. CA NEW DELHI 7 MS SHARMA VIJEETA ITP NEW DELHI 8 SHRI SHAH PRITEN B. CA MUMBAI ASSOCIATE MEMBERSHIP (APRIL 2013 TO MARCH 2014) 1 BP INDIA SERVICES PVT LTD. MUMBAI 2 UNI GEM INDIA PVT LTD. MUMBAI ML

2 2. Past Events 1. ALLIED LAWS COMMITTEE Study Circle Meeting was held on 12th February, 2013 where CA Sachin Dedhia addressed the members on the Subject Cyber Crime Dangers and Its Prevention. 2. DIRECT TAXES COMMITTEE A The 7th Intensive Study Group (Direct Tax) Meeting was held on 14th February, B The meeting was addressed by Shri Ajay Singh, Advocate. The remaining two sessions of the "Study Course on Interpretation of Taxing Statutes" was held on 8th and 9th February, The course was addressed by S/Shri B.V. Jhaveri, Advocate, Aaron Solomon, Solicitor and Advocate, Advaid Sethna, Advocate and Ms Nikita Badheka, Advocate. The committee has announced Second Essay Competition-2013 for students of Law & Article Trainees pursuing C.A. Course. 3. INDIRECT TAXES COMMITTEE The ongoing sessions of the Workshop on MVAT & Service Tax jointly with AIFTP (WZ), BCAS, MCTC and STPAM was held on 16th & 21st February and 2nd, March, The Workshop was addressed by Shri Naresh Thacker, Advocate, CA Deepak Thakkar, CA Bharat Shemlani, Shri Deepak Bapat, Advocate and Shri Ashwin Acharya, Advocate. The Students programme was held on 23rd February, 2013 where CA Sheel Bhanushal addressed the students on the subject Basic Threshold Limit Exemptions, Taxation Rules, 2011; Documentations for basic Procedural Compliance in Services Tax. 4 INTERNATIONAL TAXATION COMMITTEE a. The 3rd Intensive Study Course on Transfer Pricing (Including Domestic Transfer Pricing) was held on 16th & 23rd February, On 16th February, 2013, the course was addressed by CA Vispi T. Patel, CA Vaishali Mane, CA Vishwanath Kane, CA Umang Someshwar and on 23rd February, 2013, the course was addressed by CA Jigar Saiya, CA Vineet Chhabra, and CA Gaurav Shah. b. The Public meeting on Union Budget-2013 was held jointly with Investors Grievances Forum, Welingkar Institute of Management, The Chamber of Tax Consultants, Matunga Gymkhana and Forum of Free Enterprise on 3rd March, 2013 where CA Kanu Doshi addressed the members on the subject Direct Taxes Provisions on Union Budget and Mr. Mehraboon Irani and Mr. S. P. Tulsyan addressed the members on the subject Implication and Analysis of Union Budget on Capital Market. c. The meeting on Intensive Study Group was held on 25th February, 2013 where Mr. Jay Shah lead the discussion on the subject Article 5 of OECD Model PE proposed Amendments to the Model Commentary and on 7th March, 2013 Mr. Ramesh Iyer, Mr. Ganesh Rajagopalan, and Mr. Deepak Kanabar lead the discussion on the subject Analysis of International Tax Amendments in Finance Bill, 2013 related to GAAR, Buy Back of Shares etc; and on 7th March, 2013 on the subject Analysis of International Tax 142 ML-452

3 Amendments in Finance Bill The discussion was led by CA Ramesh Iyer, CA Ganesh Rajagopalan and CA Deepak Kanabar. 5. RESIDENTIAL REFRESHER COURSE & PUBLIC RELATIONS COMMITTEE The 36th Residential Refresher Course was held on 21st February to 24th February, 2013 at Heritage Village Resort & SPA, Manesar, Gurgaon. The course was attended by 144 delegates out of which 40 delegates were from outstation including 10 NRRC. 6. STUDY CIRCLE & STUDY GROUP COMMITTEE a. The Study Group Meeting was held on 26th February, 2013, on the subject Recent Judgments under Direct Taxes and was led by CA Kishor B. Karia. b. The Study Circle Meeting was held on 27th February, 2013, on the subject Recoveries and Stay proceeding under Income-tax Act, and was led by Shri Ajay Singh, Advocate. 7. LECTURE MEETINGS A) AMITA MEMORIAL LECTURE MEETING A lecture meeting under the auspicious of Amita Memorial Trust, jointly with BCAS was held on 11th February, The meeting was addressed by Brahmakumari Shivani on the subject "Future without Fear. B) UNION BUDGET 2013 AN ANALYSIS A Public Meeting on Union Budget on Direct Taxes and Services Taxes jointly with Ghatkopar CA Study Circle, Forum of Free Enterprises and other organisations was held on 3rd March, Mr. Raghav Narsale addressed the members on the subject Economic Aspects, CA. Gautam Nayak addressed on the subject Direct Tax Proposals and CA. Rajiv Luthia addressed on the subject Indirect Taxes Proposals. III. Future Events 1. ALLIED LAWS COMMITTEE a. Study Circle Meeting is scheduled on 16th April, 2013 on the subject FEMA provisions in respect to Inbound and Outbound Investments in Real Estate. The meeting will be addressed by Shri D.T. Khilanani. b. Workshop on Statutory Audits of Bank Branches and Practical Issues is scheduled on 21st March, 2013 where CA Vipul Choksi will addresse the members on the subject Prudential Norms and LEAR and CA Hemant Parab will address the members on the subject Audit Programme for Bank Branch Audit. c. Seminar on Intellectual Property Rights Legal, Taxation & Accounting Aspects jointly with International Taxation Committee will be held on 19th and 20th April, The seminar will be addressed by eminent Solicitors, Advocates and Chartered Accountants. 2. DIRECT TAXES COMMITTEE a. The Workshop on Finance Bill, 2013 (Direct Taxes Provisions) jointly with WIRC of ICAI will be held on 9th March, The Workshop will be chaired by CA. Kishore Karia and will be addressed by CA. Gautam Nayak and CA. Yogesh Thar. ML

4 3. INDIRECT TAXES COMMITTEE a. The ongoing sessions of the Workshop on MVAT & Service Tax jointly with AIFTP (WZ), BCAS, MCTC and STPAM will be held on 16th, and 30th March, The Workshop will be addressed by CA Sujata Rangnekar, CA Manish Gadia and Ms Nikita Badheka, Advocate. b. The Workshop on Finance Bill, 2013 (Indirect Taxes Provisions) jointly with WIRC of ICAI will be held on 9th March, The Workshop will be addressed by CA A. R. Krishnan and Shri Vipin Jain, Advocate. 4. INTERNATIONAL TAXATION COMMITTEE a. The ongoing sessions of 3rd Intensive Study Course on Transfer Pricing (Including Domestic Transfer Pricing) will be held on 16th, 23rd & 30th March, 2013 and 6th April, b. Publication on INTERNATIONAL TAXATION A Compendium The Committee has come with a publication of 4 volume set on International Taxation A Compendium. The Special Pre-Publication price for 4 volume set for members is ` 3,250/-, if booked before 15th March, 2013 and ` 3,500/-, if booked after 15th March, c. The 7th Residential Conference on International Taxation-2013 will be held on 20th June to 23rd June, 2013 at The Golden Palms Hotel & Spa, Bengaluru. The Conference will be 5. JOURNAL COMMITTEE The Committee has planned to bring special story Cooperative Housing Society in the forthcoming issue for the month of April, MEMBERSHIP & EOP COMMITTEE The Committee has organised Seminar on Direct Taxes on 16th March, 2013 jointly with Jalgaon Branch of WIRC of ICAI. The Seminar will be addressed by Shri Ajay Singh, Advocate, CA Reepal Tralshawala, and Shri Vipul Joshi, Advocate, 7. RESIDENTIAL REFRESHER COURSE & PUBLIC RELATIONS COMMITTEE The Chamber is going to launch its revamped website and E- Journal on Friday, 19th April, 2013, the auspicious day of Ram Navami. The RRC & PR Committee jointly with the Membership & EOP Committee has planned a Musical Orchestra show at the Mysore Association Hall, Matunga (Central) from 7.00 p.m. onwards for CTC members, their family and friends. 144 ML-454

5 8. STUDY CIRCLE & STUDY GROUP COMMITTEE The Study Circle Meeting will be held on 11th March, 2013 on the subject Finance Bill The meeting will be chaired by CA P.N. Shah and will be led by CA N. C. Hegde. 9. RENEWAL NOTICE The renewal fees for Annual Membership, Subscription of IT Review, Study Group and Study April, The details of the Fees are as under: FEES SERVICE TAX TOTAL 1. Membership Renewal Fees (for 1 year) ` 1,300/- ` 161/- ` 1,461/- 2. The Chamber s Journal Subscription ` 550/- ` 550/- (Life Members) 3. The Chamber s Journal Subscription ` 1,000/ - (Non-Members) 4. Associate Membership ` 2,000/- ` 247 ` 2, Student Membership Fees ` 250/- ` 31/- ` 281/- 6. Study Group (Direct Taxes) ` 1,250/- ` 155/- ` 1,405/- 7. Study Circle (Indirect Taxes) ` 700/- ` 87/- ` 787/- 8. Study Circle (International Tax) ` 1,000/- ` 124/- ` 1,124/- 9. Study Circle (Allied Laws) ` 700/- ` 87/- ` 787/- 10. Study Circle (Direct Taxes) ` 700/- ` 87/- ` 787/- 11. Study Circles ` 1,000/- ` 124/- ` 1,124/- (Direct Tax & Allied Laws Combined) 11. Self Awareness Series ` 350/- ` 43/- ` 393/- 12. Intensive Study Group on Direct Tax ` 1,000/- ` 124/- ` 1,124/- (*) The amount of Service Tax and Cess may change if there is change in the rate. 10. PUBLICATIONS FOR SALE: Course Material ` 300/-. ` 225/-. (For Enrollment and further details of all the future Events, please refer to the March, 2013 Issue of CITC News or visit the website ML