CPE Program Handled by CA. GOPAL KRISHNA RAJU - so far

Folks,

Herewith I have given the list of programs handled by me so far at various forums:

CPE Programs handled by CA. GOPAL KRISHNA RAJU
S.No	Date	Place	Topic	CPE Hours
1	24th February 2007	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Income Tax Ombudsman – An Alternative Dispute Redressal	2
2	28th July 2007	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Practical Issues in Income Tax e-Filing	2
3	Saturday 8th September 2007	SIRC of ICAI - Nellore Branch, Andhra Pradesh	CPE Conference – NRI Investments & Taxation with special reference to FEMA	6
4	Saturday 22nd September 2007	CPE Chapter of SIRC of ICAI – Davangere, Karnataka	Capital Markets Recent Trends – Accounting and Tax Implications	4
5	Friday 28th September 2007	SIRC of ICSI – Chennai	Study Circle Meeting - Issues relating to transfer of Immovable properties in India by NRI, PIO, OCB & Foreigners – and its Tax Implications	2
6	Saturday 22nd December 2007	Trivandrum Branch of SIRC of ICAI	Taxation of Non-Residents	2
7	Saturday 26th January 2008	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	MS Excel as an Audit Tool	4
8	Saturday 26th April 2008	Calicut Branch of SIRC of ICAI	CPE Seminar on AS-15 and AS-28	3
9	Thursday 15th May 2008	Trivandrum Branch of SIRC of ICAI	RTI – Role of Chartered Accountants	3
			Latest circulars in TDS
10	Saturday 18th October 2008	SIRC of ICSI - Chennai	Half a day seminar on – Professional opportunities for company secretaries – Section 288 – Authorized Representative under  Income Tax Act, 1961	3
11	Saturday 27th December 2008	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Full day CPE seminar – Annual Day of Tambaram CPE Study Circle – The Companies Bill, 2008	6
12	Saturday 22nd November 2008	Calicut Branch of SIRC of ICAI	Limited Liability Partnership – Chartered Accountant’s role and prospects	3
13	Saturday 7th March 2009	Trivandrum (Kerala) Branch of SIRC of ICAI	MS-Access as an Audit Tool	3
14	Saturday  6th March 2010	Tirunelveli (Tamilnadu) Branch of SIRC of ICAI	Systems Audit and Core Banking	6
			Full day CPE Seminar on Bank Branch Audit
15	Saturday 13th March 2010	Hubli (Karnataka) Branch of SIRC of ICAI	Full day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment,	6
			LFAR, Ghosh Jilani and MITRE Committee Recommendations
16	Wednesday 17th March 2010	Kannur (Kerala) CPE Chapter of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment,	4
			LFAR, Ghosh Jilani and MITRE Committee Recommendations
17	Friday 19th March 2010	Davangere (Karnataka) CPE Chapter of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment, LFAR, Ghosh Jilani and MITRE Committee Recommendations	4
18	Saturday 20th March 2010	Belgaum (Karnataka) Branch of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment	6
			Detection of Frauds in Banks
19	Saturday 27th March 2010	Nellore (Andhra Pradesh) Branch of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment	6
			Detection of Frauds in Banks
20	Wednesday 28th April 2010	Trivandrum Branch of SIRC of ICAI	Foreign Contribution Regulation Act – Role of CAs
			Compliance of provisions relating to Anti Money Laundering	6
21	Saturday 12th June 2010	Kannur (Kerala) CPE Chapter of SIRC of ICAI	Limited Liability Partnership Act, 2008	3
22	Friday 16th JULY 2010	Calicut (Kerala) Branch of SIRC of ICAI	CPE Programme: Foreign Contribution Regulation Act, 1976, Prevention of Money Laundering Act, 2002	3
22	Friday 16th JULY 2010	Calicut (Kerala) Branch of SIRC of ICAI	Investors Awareness Programme  1. Utility Role of Professionals for Small Investors 2. Commodity Markets in India	2
23	Sunday 18th JULY 2010	Two Day National Conference - Organized by: Committee on Economic, Commercial Laws & WTO of ICAI - Hosted by: SIRC of ICAI, Chennai	Anti Money Laundering  / Combating Financial Terrorism - Compliance under PMLA for Financial Sector	2
24	Friday 6th August 2010	Three Day Regional Residential Seminar at Courtrallam - Hosted by Tirunelveli Branch of SIRC of ICAI	LLP - Multi Disciplinary Firms	2
24	Saturday 14th August 2010	Half Day CPE Program - Visakhapatnam Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	3
25	Wednesday 25th August 2010	SIRC of ICAI - Chennai	HUF and Tax Planning	3
26	Monday 7th December 2010	SIRC of ICAI - Chennai - CPE Program on Audit Excellence	Audit of Small Entities and CARO 2003	3
27	Wednesday 22nd December 2010	CPE Program - Hyderabad Branch of SIRC of ICAI	FCRA 2010	2
28	Wednesday 16th February 2011	CPE Program - Hyderabad Branch of SIRC of ICAI	Business Continuity Planning for CA Firms	2
29	Friday 18th March 2011	CPE Program - Calicut Branch of SIRC of ICAI	Audit under CBS Environment	2
30	Monday 11th April 2011	CPE Program - Tuticorin Branch of SIRC of ICAI	Taxation of Charitable Trusts and Non-Profit Organisation under Direct Tax Code	4
31	Friday 22nd April 2011	Full day CPE Program - Erode Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	6
32	Wednesday 27th April 2011	CPE Study Circle - SIRC of ICAI - Chennai	LLP - Multi Disciplinary Firms, Taxation Aspects	3
33	Saturday 7th May 2011	CPE Program - Erode Branch of SIRC of ICAI	Limited Liability Partnership - Multi Disciplinary Firms, Taxation Aspects	3
34	Thursday & Friday 12th and 13th May 2011	CPE Program - Guntur Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	12
35	Saturday 4th JUNE 2011	CPE Program - Erode Branch of SIRC of ICAI	Capital Receipts vs. Revenue Receipts  AND Business Income vis-à-vis Other Income	2
36	Saturday & Sunday 25th & 26th JUNE 2011	CPE Program - Tuticorin Branch of SIRC of ICAI	International Taxation - First Impressions and Article 10, 11, 13, 14 & 15 - Dividends, Interest, Gains and Personal Services	12
37	Saturday 9th July 2011	CPE Program - Nellore Branch of SIRC of ICAI	Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rules, 2011	3
38	Friday 22nd July 2011	CPE Program - Vijayawada Branch of SIRC of ICAI	(1) Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rules, 2011             (2) Procedure for Bulk filing of XML (for Income Tax ITR e-filing)	4
39	Saturday 23rd July 2011	CPE Program - Rajamahendravaram Branch of SIRC of ICAI	XBRL - Way Forward	2
40	Saturday 6th August 2011	CPE Program - Pondicherry Branch of SIRC of ICAI	XBRL - Way Forward	2

Tax Audit under Section 44AB of Income Tax Act - Latest Significant Points

Folks,

Herewith I have given few pointers significant for Tax Audit. Your suggestions are welcome to gkr@icai.org

Tax Audit Report should be filed with the Return of Income before due date for filing of Return of Income.

However, due to electronic filing mechanism coming into existence, the Returns which are filed before due date of filing of Return containing details about Tax Audit date, Auditors’ name and address and their PANo are considered as tax audit compliant returns and penalty under section 271B can be avoided. If the Return is filed a day late and still it contains the date of audit report prior to due date still it will amount to non filing of tax audit return in time. As a precautionary measure, it is advisable to file tax audit report in such case with a covering letter with the concerned Assessing Officer in case of extraneous circumstances beyond the control of the management.

Period to be covered by the Auditor:

In many cases the companies adopt accounting year different from the uniform accounting year (financial year) as suggested under Income tax Act for various convenience factors. In such case tax audit should be conducted for the previous year relevant to the assessment year. Hence, tax auditors have to carry out tax

audit on the basis of the split information procured from two accounting period as per Companies Act and file Form No. 3CA as required in prescribed rule. [Circular No. 561 dtd 22.5.1990]

Incomplete Audit Reports - effect

The Government has decided that all cases where the information provided in the audit report is incomplete or such non committal replies are furnished so as to render the remarks or the report meaningless, should be reported by the Assessing Officer to the CIT. The matter thereafter, be taken up by the CIT to see if the

case reflects any professional negligence on the part of the accountants signing the audit report. Action for initiation of disciplinary proceedings in terms of section 288 of the I T Act should be immediately taken by the commissioner of Income tax with the approval of the Chief CIT, as the case may be.

The CBDT has issued instructions with immediate effect to the field officers to report any professional negligence on the part of the chartered accountants in preparing the tax audit report to the ICAI in terms of section 288, as the ICAI is entitled to institute proceedings against its member chartered accountants who

submit faulty tax audit reports. [Press release, New Delhi dated 10th Dec, 1999].

 

Happy Reading.

 

GKR

CPE Program at Palghat Branch of SIRC of ICAI - 23rd August 2011

Folks,

I am presenting a technical paper on the following topic at the Palghat Branch of SIRC of ICAI on 23rd August 2011 Saturday.

• SCHEDULE VI - Recent Changes in Companies Act.

My co-speaker will be CS.S.Dhanapal who will speak on recent changes in Circulars issued by MCA in the recent months.

GKR

CPE Seminar at The Pondicherry Branch of SIRC of ICAI - Saturday the 6th of August 2011

Folks,

I had presented a technical paper in Pondicherry Branch of SIRC of ICAI on August 6th 2011, Saturday on the following subject:

XBRL - Way Forward


Covering why, what, when, where, whom and How on XBRL.

The seminar is full day covering three sessions.

1. Survey, Search and Seizure - Practical aspects - by CA. V. Jagadisan

2. Schedule VI changes and E-filing under XBRL mode - by CS. S. Dhanapal

3. XBRL - Way Forward - CA. Gopal Krishna Raju

The seminar was well attended by 27 practising Chartered Accountants (oops..out of 38 only practicing CAs in Pondicherry).

My session was very well received by all the members,

GKR

CPE Program at Vijayawada Branch of SIRC of ICAI - 22nd JULY 2011

Dear Folks,

It was a fascinating experience in Vijayawada when presenting a technical paper in the Vijayawada Branch of SIRC of ICAI on the following topics:

1. Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rules, 2011
2. Procedure for Bulk filing of XML (for Income Tax ITR e-filing)

The session started at evening 05:00 pm and went on till 09:00 pm for 4 Hour CPE credit. The session was divided into two technical sessions with a break in between.

A total of 45 participants attended the entire session. A mix of senior and young members participated in this unique CPE program.

The participation was exiting among the delegates. The entire seminar was coherently coordinated by the organisers and the Chairman of Vijayawada Branch of SIRC of ICAI.

GKR

Review of Entry Requirements for Chartered Accountancy Courses (First Time in History of ICAI, exemption given for ICSI & ICWAI qualified and semi qualified - a smart act)

ANNOUNCEMENT


8th July, 2011

Review of Entry Requirements for Chartered Accountancy Courses

The Council at its 306th meeting held from 7th to 9th June, 2011 had considered the recommendations of the Group Constituted by the President, in terms of the authority given to him at its 303rd Meeting held from 10-12 February, 2011 to review entry requirement for Chartered Accountancy Course and decided as under:-

(a) Exemption to Graduates/CWAs/CSs from appearing in Common Proficiency Test (CPT) Common Proficiency Test (CPT) be exempted for candidates who -

(i) are commerce graduates/post-graduates and have studied any three full papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management including Financial
Management, Taxation including Direct Tax Laws, Indirect Tax Laws etc., Costing, Business Administration, Management Accounting and passed the graduate/post-graduate examination by securing in the aggregate a minimum of 55% of the total marks or its equivalent grade from any recognized Universities including Open Universities.

(ii) are other graduates/post-graduates not falling in the above category who have passed the graduation/post-graduation examination by securing in the aggregate a minimum of 60% of the total marks in the examination or its equivalent grade from any recognized Universities including Open Universities.

(iii) have passed the Intermediate level examination conducted by The Institute of Cost and Works Accountants of India or by The Institute of Company Secretaries of India.

It was also decided that the above exemption would also be applicable to students who wish to pursue Accounting Technician Course of the Institute.

(b) (i) Candidates who are exempted from CPT be allowed direct entry to articleship; or


(ii) Enrolment to Articleship after passing either of the Groups of IPCC Exam

The Council noted that three different alternatives routes have been recommended by the Group in respect of registration of articles and decided as under:-
(i) The existing criteria to continue for candidates who wish to join articled training through CPT route i.e. only after qualifying Group I of IPCC Examination.
(ii) Graduates/ Post Graduates who are exempted from CPT as per (a) (i) & (ii) above be allowed to commence their articled training directly. However, candidates passing Intermediate level examination conducted by the ICWAI/ ICSI may join articleship only after passing Group I of the IPCC Examination of the Institute.

(c) Provisional Registration for Students pursuing Graduation Course
The students pursuing final year of graduation be allowed for provisional registration to the Integrated Professional Competence Course (IPCC) and appear in the Integrated Professional Competence Examination (IPCE) only after appearing in the final year examination of graduation course and after completion of prescribed study period of 9 months from the date of registration to the IPCC.

Their provisional registration to the CA Course would be confirmed only after submission of satisfactory proof of their having passed the graduation course with the prescribed percentage of marks.

…………………..

It may kindly be noted that the above decisions of the Council will come into force subject to relevant provisions of the Chartered Accountants Regulations, 1988 being amended, and the approval of the Central Government, and public exposure as required by law for which the process is in progress.

Courtesy:  http://www.icai.org/

Rajamahendravarem Branch of SIRC of ICAI - July 23rd - CPE Program on XBRL

Dear Folks,

I was in Rajamahendravarem (Rajahmundhry) Branch of SIRC of ICAI for the first time to present a technical paper on XBRL - Way Forward.

The seminar was organised in a very special place somewhere 20 Kms from Tanuku Town (enroute from Vijayawada to Kakinada). Tanuku is a fertile place in West Godavari District.

The seminar was in 'Kanuru' in Vasavi Engineering College premises Seminar Hall. Congrats to the organisers. The seminar hall is in a college building second floor which was amidst agricultural and aquaculture fields.

More than 60 participants, in all the age group, 60% of  them are senior members. The participation level was very high especially when XBRL session was going on. Close to more than 30 students also attended the seminar. An attendance of 90 plus in a place like Kanuru is a record number.

Special thanks to the organisers for this oppurtunity.

The other papers presented there was:

1. Schedule VI new changes - CS. S. Dhanapal

2. Code of Ethics - CA. P R Suresh

3. Search and Survey - Practical Solutions for Issues raised - CA. Ramdev Bhutada

GKR

Nellore Branch of SIRC of ICAI - CPE Program in Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rule, 2011

Folks,

I am presenting a paper in Nellore Branch of SIRC of ICAI on the following topic:

CHANGES IN FOREIGN CONTRIBUTION REGULATION ACT & BASICS IN XBRL

on Saturday 9th JULY 2011 from 05:00 pm to 08:00 pm.

The link for the information is given below: http://www.nellore-icai.org/

Kindly post your comments, suggestions and feedback to: gkr@icai.org

GKR