Projected first preference votes for WIRC

Here is our projection for 1st Preference votes for WIRC. Please provide your comments below. We will discuss and revise this again till we get actual numbers tomorrow morning.

Please note, this is a projection and not the actual numbers. Counting is yet to start.

Rank	Sr No.	Name	City	Average
1	1	AGARWAL BALKISHAN	SURAT	2080
2	15	JAIN VIKASH GAUTAMCHAND	AHMEDABAD	1960
3	8	CHITALE SUSHRUT MUKUND	MUMBAI	1721
4	4	ALSHI RAKESH GANPAT	MUMBAI	1721
5	5	ARUN ANANDAGIRI	PUNE	1674
6	9	DESAI DRUSHTI RAHUL	MUMBAI	1578
7	38	SAVLA PRITI PARAS	MUMBAI	1578
8	13	GADIA MANISH R	MUMBAI	1530
9	43	SHARMA UMESH RAMNARAYAN	AURANGABAD	1530
10	33	POMAL HITESH MANHARLAL	AHMEDABAD	1434
11	12	DOSHI VISHAL	VADODARA	1411
12	24	KELKAR ABHIJIT JAYANT	NAGPUR	1411
13	35	SABOO KAMLESH RAMPRASAD	THANE	1291
14	32	PATEL CHINTAN NARESHKUMAR	AHMEDABAD	1219
15	18	KACHWALA MURTUZA ONALI	KALYAN	1109
16	19	KALA JAYESH UMEDMAL	MUMBAI	1028
17	36	SAIYA KETAN DAMJI	MUMBAI	1004
18	21	KASAR YASHWANT JAYWANT	PUNE	980
19	27	MADKHOLKAR MAHESH KESHAV	THANE	932
20	6	BAJAJ LALIT LAXMINARAYAN	BHAYANDAR	908
21	44	SHINAGARE SHILPA BABASAHEB	MUMBAI	908
22	7	BAKLIWAL ASHISH	MUMBAI	813
23	41	SHAH SHARDUL DILIP	MUMBAI	813
24	28	NIKAM SANJAY DNYANESHWER	NAVI MUMBAI	765
25	16	JAKHOTIYA ANAND RAMESHCHANDRA	PUNE	741
26	2	AGRAWAL ASHWINI SURESH	NAGPUR	717
27	45	TOTLA ANKIT NARESH	MUMBAI	693
28	10	DHAMANKAR REKHA VIVEK	PUNE	646
29	23	KEDIA SUBODHKUMAR BAJRANGLAL	AHMEDABAD	622
30	3	AGRAWAL VIMAL KUMAR	BHAYANDAR	574
31	17	KABRA ARPIT JAGDISH	MUMBAI	574
32	37	SAVE GAURAV VIDYADHAR	MUMBAI	550
33	11	DODHIA VANDANA VERSHIBHAI	MUMBAI	526
34	22	KEDIA PINKI	MUMBAI	526
35	14	JAIN SHWETA JAYANT	MIRA ROAD	454
36	20	KAMDAR SNEHAL ARVIND	MUMBAI	454
37	29	PALIWAL DAYARAM	BHAYANDAR	359
38	40	SHAH RAJESH RAMESHCHANDRA	MUMBAI	335
39	39	SHAH HARDIK ASHWIN	MUMBAI	323
40	25	KHANDELWAL MODI DAN BIHARI	MUMBAI	311
41	26	KOTHARI KAMLESH VRAJLAL	MUMBAI	311
42	31	PANKHANIA HRUDYESH NATVARLAL NAYNA	NALLASOPARA	311
43	42	SHARMA RADHEY SHYAM	MUMBAI	239
44	34	PRASADE YOGESH SUDHAKAR	THANE	215
45	46	VIJAYKUMAR JEYAM	MUMBAI	143
46	30	PANDEY MANOJ KUMAR RAMRIKH	NAVI MUMBAI	110

Projected first preference votes for Central Council

Here is our projection for 1st Preference votes for Central Council. Please provide your comments below. We will discuss and revise this again till we get actual numbers tomorrow morning.

Please note, this is a projection and not the actual numbers. Counting is yet to start.

Rank	Sr No.	Name	City	Average
1	5	CHHAJED PRAFULLA PREMSUKH	MUMBAI	4450
2	4	CHHAIRA JAY AJIT	SURAT	3250
3	18	TALATI ANIKET SUNIL	AHMEDABAD	3000
4	8	HEGDE NANDKISHORE CHIDAMBER	MUMBAI	2900
5	7	GHIA TARUN JAMNADAS	MUMBAI	2850
6	9	JAMBUSARIA NIHAR NIRANJAN	MUMBAI	2825
7	14	KHANDELWAL PURUSHOTTAMLAL HUKAMICHAND	AHMEDABAD	2800
8	12	KABRA DURGESH KUMAR	MUMBAI	2600
9	13	KHANDELWAL DHEERAJ KUMAR	MUMBAI	2600
10	15	KINARE MANGESH PANDURANG	THANE	2600
11	11	JOSHI SHRINIWAS YESHWANT	MUMBAI	2250
12	3	BHANDARI ANIL SATYANARAYAN	MUMBAI	2175
13	1	ADUKIA RAJKUMAR SATYANARAYAN	MUMBAI	1750
14	6	CHITALE CHANDRASHEKHAR VASANT	PUNE	1500
15	17	SHAH SHRUTI JAYESH	MUMBAI	1400
16	16	PAWAR SANJAY NARAYAN	PUNE	1150
17	2	BANERJEE ROBIN	MUMBAI	1100
18	10	JOSHI SARVESH NANDLAL	PUNE	950

Tune in for the Vote projection..

Shortly we are going to publish the expected votes of first preference. This is purely our estimation. The actual counting for first preference will begin tomorrow morning.

Now Mumbai validation on..

Thane, Vadodara and surat booths validation completed.

Ballots  talled...

Mumbai booths started. Its from  132 to 185 booth numbers...

We are at  booth No.157

Day 2 : validation on..

The validation is on. Surat and Thane being worked upon. Great Mumbai will be the last..

Nothing special till evening.

Validation of valid votes is also on simultaneously..

Keep curiosity on..

You can do a guess work by writing below in comment section who in your view have the best chances of getting through for sure.. in WIRC and in CC..

No prizes for gussess..😀😀

So the counters call the day!!

Yes.. Indeed..

So votes for 117 ballot boxes validated, done and dusted. 

What remains?

68 booths for validation (161 ballot boxes).

Who are left behind for tomorrow?

Surat

Mumbai

Vadodara 

Thane

74 ballot boxes opened so far..

So as expected, process is very slow. Currently team is working on the validation of votes of 74th box. Going alphabetically so it is Nashik, Nagpur and Navi Mumbai polling booths votes are being validated, for votes casted under votes found in the ballot box. Note Mumbai they skipped for now.

There are a large no. of boxes so far. Total 185 polling booths across western region and multiple boxes at many places. Around 120 boxes for Mumbai and that is not even started. So it is going to take time. Expect 80 boxes to be validated in next one hour.

Not many candidates so far on the site. VP Prafulla chhajed and CCM tarun Ghia were seen around.

Quota Projection

Here is the quota projection based on the valid votes:

No. of Valid votes	WIRC	Central Council
42248	1837	3521
41950	1824	3496
41825	1818	3485

Patience is the key..

As you know good things take time.

And so is our ICAI process...

What next?

• Postal ballots will be opened  verified for validity. 
• All the boxes will be opened.
• Votes for each of the polling booth will be verified the ballots found in the box 
• Once it tallies, then all the votes will be segregated for each of the candidates
• Then the first preference count

So hold your horses.. This process is very time consuming, it will take time.
Enjoy your day, no major development going to happen.

Counting Process begins

Around 200 people are on job to get you the fastest results of the counting. Counting is started at ICAI Bandra Kurla Complex in Mumbai..

We are Live with WIRC and CC election 2018 updates

We are Live with WIRC and CC election 2018 updates

Stay Tuned...

Empanel as Concurrent Auditors

BANK OF MAHARASHTRA invites online applications from practicing firms of Chartered Accountants, in the prescribed format, who are willing to have their firms empanelled as Concurrent Auditors of the Bank for specified branches for FY 2018-19

https://goo.gl/at1nCK

*CPE Credit Hours Requirements

CPE credit hours requirements for the members of the Institute for the rolling period of 3 years starting from the Calendar Year 2017 and ending on calendar year 2019 (1-1-2017 to 31.12.2019) [Applicable w.e.f 01.01.2017] 

A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to: 

(a) Complete at least 120 CPE credit hours in a rolling period of three-years. 

(b) Complete minimum 20 CPE credit hours of structured learning in each calendar year. 

(c) Balance 60 CPE credit hours (minimum 20 CPE credit hours in each calendar year) can be completed either through Structured or Unstructured learning (as per Member’s choice). 

B. All the members (aged less than 60 years) who are not holding Certificate of Practice; and all the members who are residing abroad (whether holding Certificate of Practice or not) are required to: 

(a) Complete at least 60 CPE credit hours either structured or unstructured learning (as per Member’s choice) in rolling period of three-years 

(b) Complete minimum 15 CPE credit hours of either structured or unstructured learning (as per member’s choice) in each calendar year. 

C. All the members (aged 60 years & above) who are holding Certificate of Practice, are required to: 

(a) Complete at least an aggregate of 90 CPE credit hours of either Structured or Unstructured Learning (as per member’s choice) in a rolling period of three years 

(b) Complete minimum of 20 CPE credit hours being an aggregate of either Structured or Unstructured Learning (as per member’s choice) in each calendar year.

27 RETURNS PRESCRIBED UNDER GST;

*_IN TOTAL 27 RETURNS PRESCRIBED UNDER GST; FIND OUT HOW MANY YOU NEED TO FILE_*

_With introduction of Goods and Services Tax in India, compliance for tax payers is set to go up. Service sector will get most effected since under current law, almost every service provider operated under centralised registration scheme wherein 2 returns in a year is all they file. Annual return has been recently added. Manufacturing sector is a compliance heavy industry which files monthly Excise and VAT returns (state specific)._

Under GST, 27 different returns have been prescribed. Details of all the returns to be furnished by registered persons have been enlisted below:

1. *Form GSTR-1* Details of outward supplies of taxable goods and/or services effected.

2. *Form GSTR-1A* Details of outward supplies as added, corrected or deleted by the recipient.

3. *Form GSTR-2* Details of inward supplies of taxable goods and/or services claiming input tax credit.

4. *Form GSTR-2A* Details of inward supplies made available to the recipient on the basis of *FORM GSTR-1* furnished by the supplier.

5. *Form GSTR-3* Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.

6. *Form GSTR-3A* Notice to a registered taxable person who fails to furnish return under section 27 and section 31.

7. *Form GSTR-4* Quarterly Return for compounding Taxable persons.

8. *Form GSTR-4A* Details of inward supplies made available to the recipient registered under composition scheme on the basis of *FORM GSTR-1* furnished by the supplier.

9. *Form GSTR-5* Return for Non-Resident foreign taxable person.

10. *Form GSTR-6* ISD return.

11. *Form GSTR-6A* Details of inward supplies made available to the ISD recipient on the basis of *FORM GSTR-1* furnished by the supplier.

12. *Form GSTR-7* Return for authorities deducting tax at source.

13. *Form GSTR-7A* TDS Certificate.

14. *Form GST-ITC-1* Communication of acceptance, discrepancy or duplication of input tax credit claim.

15. *Form GSTR-8* Details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (1) of section 43C.

16. *Form GSTR-9* Annual return.

17. *Form GSTR-9A* Simplified Annual return by Compounding taxable persons registered under section 8.

18. *Form GSTR-9B* Reconciliation Statement.

19. *Form GSTR-10* Final return.

20. *Form GSTR-11* Details of inward supplies to be furnished by a person having UIN.

21. *Form GST-TRP-1* Application for enrolment as Tax return preparer.

22. *Form GST-TRP-2* Enrolment certificate as Tax return preparer.

23. *Form GST-TRP-3* Show cause to as Tax return preparer.

24. *Form GST-TRP-4* Order of cancelling enrolment as Tax return preparer.

25. *Form GST-TRP-5* List of Tax return preparers.

26. *Form GST-TRP-6* Consent of taxable person to Tax return preparer.

27. *Form GST-TRP-7* Withdrawal of authorization to tax return preparer.

Concurrent Auditors of Andhra Bank*

Respected Members

Andhra Bank invite online application   for the empanelment as *Concurrent Auditors of Andhra Bank*
*Last Date*- 28.02.2017
Link for the same is

https://customer.andhrabank.in/AUDIT/

Cash Deposit Verification Guidelines

Cash Deposit Verification Guidelines given by CBDT to Assessing Officers[Instruction No. 3/2017 dated 21-02-2017]:

1. In case of an individual (other than minors) not having any business income, no further verification is required to be made if total cash deposit is up to Rs. 2.5 lakh.

2.  In case of taxpayers above 70 years of age, the limit is Rs. 5.0 lakh per person.

3. In non business cases,  where the person under verification has filed return of Income, a reasonable quantum can be considered as explained while quantifying the undisclosed amount, if any

4. In case of persons engaged in business or requirement to maintain books of accounts, no additional information is required to be submitted by the person under verification if total cash out of earlier income or savings (sum of responses for all cash transactions) is not more than the closing cash balance as on 31st March 2016 in the return for AY 2016-17

5. However, if the AO has reason to believe that the closing cash balance as on 31st March 2016 has been increased by revising the return or backdating transactions in the books of account, further verification may be carried out.

6. For cash received from identifiable persons without PAN, The AO needs to verify if the cash receipts are not in line with the normal practices of concerned business as mentioned in the earlier returns of Income after considering the remarks provided by the taxpayer, nature of business and earlier history before seeking additional information.

7. For Cash received from Unidentifiable persons, normal practice of business to be verified

8. AO may seek relevant information e.g. monthly sales summary (with breakup of cash sales and credit sales), relevant stock register entries, bank statement etc. to identify cases with preliminary suspicion of back-dating of cash sales or fictitious sales

9. Some indicators for suspicion of back dating of cash sales or fictitious sales could be :

i) Abnormal jump in the cash sales during the period Nov to Dec 2016 as compared to earlier history.
ii) Abnormal jump in percentage of cash sales to unidentifiable persons as compared to earlier history.
iii) More than one deposit of specified bank notes in the bank account late in the demonetization period
iv) Non-availability of stock or attempts to inflate stock by introducing fictitious purchases.
v) Transfer of deposited cash to another account/entity which is not in line with earlier history.

10. In cases where online response has not been submitted, AO shall generate a letter from the Verification portal on ITBA to the person under verification for submission of online response  on the e-filing portal and ensure its service. This process should be completed within 7 days of availability of information on the portal.

11. The person under verification is not required to attend the Income-tax office personally under any circumstance and at any stage during the verification exercise.

12. The Assessing Officer will also be able to send a request for additional information, if required.

13. No independent enquiry or third party verifications are required to be made by the Assessing Officer outside the online portal. Whatever information is necessary during verification, the same has to be collected through the person under verification using online platform only

14.  Even telephonic queries are to be avoided.

15. It should be ensured that the communications made online with the persons under verification should be in very polite language without containing any element of threat or warning. No show cause of any kind should be given.

16. In cases of non compliance to cash verification window,  if the cash deposit is not in line with the earlier return or information profile of the person under verification, necessary facts may be collected inter-alia by exercising the powers under section 133(6) with the approval of prescribed authority.

17. In appropriate cases depending upon the online response or otherwise, survey action u/s. 133A can be considered. During survey, where there is suspicion of back dating or fictitious cash transactions, CCTV recording of the cash counter at relevant banks may also be checked, if necessary. Reference can also be sent to the Investigation wing in appropriate cases.

CBDT guidelines for TDS on Salary A Y 2017-18

CBDT vide its Circular No : 01/2017 dated 02-01-2017 (F.No. 275/192/2016-IT(B)) issued complete guidelines for TDS on Salary A Y 2017-18 During the Financial Year 2016-17 Under Section 192 of The Income-Tax Act 1961.

This present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2016-17 and explains certain related provisions of the Act and Income-tax Rules, 1962.