CCM: Show begins now

·         Who are the candidates whom we can consider as elected and formal announcement is only a matter of time?

1.      S B Zware

2.      Nilesh Vikamsey

3.      Dhinal Shah

4.      Jay Chhaira

5.      N C Hegde

6.      One from Mangesh Kinare /Shrinivas Joshi

7.      7 and 8 numbers from two from below:

§  Dhiraj Khandelwal

§  B M Agarwal

§  Anil Bhandari

§  Durgesh Kabra

8.      For 9,10,11 three out of below should make it:

§  Prafulla Chhajed

§  Nihar Jambusaria

§  Tarun Ghia

§  Parag /Sanjiv/Julfesh

9.      It will be interesting to watch these three candidates what happens to them and how luck support them and can they withstand the Mumbai elimination game:

§  Parag Raval

§  Sanjiv Lalan

§  Julfesh Shah

 

·         Who are the candidates who has now no chance and their elimination is only a matter of time:

1.      Jay Gupta

2.      Sangani

3.      Sanjay Pawar

4.      Piyush Chhajed

5.      Mahesh Madhkholkar

·         Now 12 candidates are contesting for remaining 6 seats. Very very tough fight. And of course very interesting.

·         One is sure from Dhiraj Khandelwal and B M Agarwal. BM though seen at no. 16 at this point, but may jump back, if Piyush Chhajed give him a windfall. Otherwise his hopes for central council may rest in peace. If BM eliminates, Dhiraj will be the highest gainer from him, and vice versa of course.

·         There a very tough fight between Mangesh Kinare and Shrinvas Joshi. As this point Mangesh Kinare has upper hand. Mahesh Madhkholkar elimination will seal the fate of them.

CCM First preferences

Position	NAME OF CANDIDATE	Votes
1	SB Zaware	3265
2	Nilesh Vikamsey	3112
3	Dhinal Shah	2925
4	Jay Chhaira	2685
5	NC Hegde	2557
6	Parag Raval	2322
7	Julfesh Shah	2144
8	Tarun Ghia	2084
9	Nihar Jambusaria	2059
10	Anil Bhandari	1693
11	Dhiraj Khandelwal	1683
12	Prafulla Chhajed	1665
13	Sanjiv Lalan	1659
14	Durgesh Kabra	1620
15	Mangesh Kinare	1603
16	BM Agarwal	1401
17	Shriniwas Joshi	1395
18	Mahesh Madhkholkar	1254
19	Piyush Chhajed	950
20	Sanjay Pawar	613
21	Sangani	40
22	Jai Gupta	31

RCM First preferences

Position	NAME OF CANDIDATE	Votes
1	40. SAVLA PRITI PARAS- (MUMBAI)	1800
2	12. CHITALE SUSHRUT MUKUND- (MUMBAI)	1744
3	29. KHANDELWAL PURUSHOTTAM LAL- (AHMEDABAD)	1728
4	14. DESAI DRUSHTI RAHUL- (MUMBAI)	1642
5	8. ALSHI RAKESH GANPAT- (MUMBAI)	1630
6	46. TALATI ANIKET SUNIL- (AHMEDABAD)	1469
7	17. GADIA MANISH R- (MUMBAI)	1424
8	5. AGRAWAL PRADEEP KANAIYALAL- (VADODARA)	1344
9	28. KELKAR ABHIJIT JAYANT- (NAGPUR)	1331
10	44. SHARMA UMESH RAMNARAYAN- (AURANGABAD)	1241
11	37. SABOO KAMLESH- (THANE)	1170
12	42. SHAH PRIYAM RAMESHBHAI- (AHMEDABAD)	1114
13	34. MUNDADA SATYANARAYAN GOVERDHANLAL- (PUNE)	1078
14	3. AGARWAL VISHNU KUMAR - (MUMBAI)	1018
15	41. SHAH HARDIK PRAVINKUMAR- (SURAT)	1004
16	22. JAIN SANDEEP KAILASHCHAND- (MUMBAI)	949
17	30. KULKARNI VIKRANT MURLIDHAR- (NASHIK)	926
18	47. VAIDYA AMBARISH ASHOK- (PUNE)	891
19	23. JOSHI SARVESH NANDLAL- (PUNE)	842
20	25. KALA JAYESH UMEDMAL- (MUMBAI)	810
21	32. MAJITHIA NEEL PANKAJ- (MUMBAI)	798
22	9. BAJAJ LALIT LAXMINARAYAN- (MUMBAI)	788
23	1. AGARWAL BALKISHAN - (SURAT)	782
24	33. MEHENDALE KEDAR ACHYUT- (MUMBAI)	741
25	45. SHINAGARE SHILPA BABASAHEB- (MUMBAI)	733
26	24. KACHWALA MURTUZA ONALI- (KALYAN)	670
27	10. BARMECHA MOHANLAL SAMPATLAL- (AHMEDNAGAR)	662
28	27. KEDIA SUBODHKUMAR BAJRANGLAL- (AHMEDABAD)	647
29	43. SHAH SHRUTI JAYESH - (MUMBAI)	642
30	11. BHUTWALA HAREKRUSHNA BALVANTRAI- (SURAT)	583
31	36. PALIWAL DAYARAM- (MUMBAI)	582
32	16. DODHIA VANDANA VERSHIBHAI- (MUMBAI)	517
33	20. JAIN ASHOK CHAND- (MUMBAI)	484
34	31. LELE PRAMOD VISHNU- (THANE)	473
35	7. AGRAWAL VIMAL KUMAR- (MUMBAI)	439
36	4. AGRAWAL ASHWINI SURESH - (NAGPUR)	428
37	18. GANDHI PREMAL HEMANT- (MUMBAI)	424
38	21. JAIN MAHAVIR SHANTILAL- (THANE)	409
39	38. SANGHAVI ANKIT PANKAJ- (MUMBAI)	380
40	39. SARDA SATISH GIRDHARLAL- (NAGPUR)	380
41	2. AGARWAL MANOJKUMAR BABULAL - (PIMPRI)	356
42	15. DHAKER GOPAL- (MUMBAI)	308
43	26. KASLIWAL AMBAR- (MUMBAI)	287
44	6. AGRAWAL SWAPNIL MUKUND - (NAGAPUR)	272
45	35. MUNDADE BIPEEN GOPALDAS- (MUMBAI)	268
46	49. WARTY SHANTESH ARVIND- (MUMBAI)	242
47	13. DEHERKAR ARUN VASANT- (THANE)	87
48	48. VORA JAYESH SURYAKANT- (MUMBAI)	62
49	19. JAIN ARUN LAXMICHAND- (MUMBAI)	46

Count down begins

Now the count down. The real numbers. What we see is guesses. And this all will answer the questions...

1.  Can Gujarat give 3 CCM?

2. Can Julfesh Shah make it?

3. Who will be in Dhiraj Khandelwal or BM Agarwal

Here is the list of sure shots in Central Council

Distribution of votes is still on. Looking at the current trend, here is the list of favorite contestants who seems to have taken a decisive lead.

Please note, this is based on the estimates on the votes in their tray:

1. Nilesh Vikamsey
2. S B Zaware
3. Jay chhaira
4. Dhinal Shah
5. Nihar Jambusariya

ICAI Elections:NC Hegde and Purushottam Khandelwal

N C Hegde and Purushottam Khandelwal are doing exceptionally well this time. NC has has bounced back and Purushottam Khandelwal is getting flood of votes

ICAI Elections!!

Apologies my CA friends I am in Dubai and couldn't cover the elections this time and couldn't write the blog. I wish all the best to all the candidates.

Relaxation of Additional Fees

Relaxation of additional fees and extension of last date of filing of for ms M GT-7 (Annual Retur n) and AOC-4 (Financial Statement). Looking to the delay in notification of the electronic versions of forms AOC-4, AOC-4 (XBRL), MGT-7 and AOC-4 CFS, the MCA has decided to relax the additional fees payable on forms AOC-4, AOC-4 XBRL and MGT-7 up to 31/10/2015. Further, a Company which is not required to file its financial statement in XBRL format and required to file its CFS (Consolidated Financial Statements) would be able to do so in the separate form for CFS without any additional fees up to 30/11/2015. [F. No. 1/34/2013-CL-V dated 13th July, 2015]

MCA Annual filing available wef 25-09-2015

MCA to make Annual filing forms available w.e.f. 25th September, 2015

The Ministry of Corporate Affairs has issued a General notice dated 24th September, 2015 for the introduction of New forms AOC-4(Non-XBRL), MGT-7, ADT-2 & SH-9 is being made available w.e.f 25th September 2015 along with C&I Validation tool beta version. You are requested to plan accordingly.
New Versions of forms CRA-4 and CHG-4 are also likely to be modified w.e.f 25th Sept 2015.
Stakeholders are requested to plan accordingly.

Summary of the moves for the Extention of Date u/s 44AB:-

Summary of the moves for the Extention of Date u/s 44AB:-

1.Bombay HC-Chamber of Tax Consultants Vs. Union of India & Ors (WP-2764/2015)

Adjourned to 29-09-2015

2. Orissa HC-Jagdish Prasad Mittal Vs. Union of India & Ors
WP-17178/2015

Adjourned to 25-09-2015

3. Karnataka HC-Karnataka State Chartered Accountants Association (KSCAA) Vs. Union of India & Ors
WP-41109/2015

Judgment on 28-09-2015

4. Rajasthan HC-Devendra Kumar Somani Vs. Union of India & Ors
(CW-10974/2015)

Now Listed on 29-09-2015

5.Delhi HC- Avinash Gupta & Ors. Vs. Union of India & Ors
(WP(C)-9032/2015)

Extension Refused :21-09-2015

6. Punjab & Haryana HC-Vishal Garg & Ors. Vs. Union of India & Anr (CWP-19770/2015)

Next Hearing  : 28-09-2015

7.Gujarat HC-All Gujarat Federation of Tax Consultants (AGFTC) vs Central Board of Direct Taxes ( SCA-15075/2015)

Next hearing 28-09-2015.

HC dismisses petition for extension

HC dismisses petition filed by Chartered Accountant seeking extension of tax audit due date; Petitioner argued that assessees are entitled as a matter of 'right', to 180 days period for filing of return which in the instant case was being denied since the forms were notified only on July 29, 2015; Petitioner further justified extension plea on grounds of amendments in Companies Act, bonafide impression among CAs that there would be changes/modifications in Form 3CD due to Finance Act amendments and alleged discrimination by CBDT through its act of granting extension for July 31st due date but refusing to do the same for tax audit; HC, rejecting petitioner's submissions, observes that nowhere in the scheme of Income tax Act is 180 days assured to the assessee, holds".. the time taken in audit, which is variable, will be determinative of the time available thereafter for filing the ITR. The said audit is not dependent upon the prescription of the forms for report of the said audit and / or for filing of the ITR. " ; HC notes that the CBDT has applied its mind in the matter, cites its press release dated September 9 ruling out any extension of due date; Further rules that such policy decisions of Government ought not to be interfered by the Court, unless undue prejudice caused; However Court directs CBDT to ensure that the forms that are to be prescribed for the Audit Report/for filing ITR, are available as on April 1 of the assessment year unless there is a valid reason that ought to be recorded  :Delhi High Court