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Think Differently Act Perfectly

June2009

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Bangalore Branch of SIRCof the Institute of Chartered Accountants of India

June2009

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June2009

02.06.09 SA 570 (Revised), SA 580 (Revised) Branch PremisesTuesday CA. Suresh D.M 6.00pm to 8.00pm

04.06.09 Mergers and Acquisitions -An Overview with Judicial Precedents Branch PremisesThursday Mr. K. Venkat Satyanarayana 6.00pm to 8.00pm

05.06.09 Lower deduction of tax / Nil deduction of tax certificates Branch PremisesFriday ‘TDS u/s. 194C, 194J & 194I. Information in Form 26AS 4.00pm to 8.00pm

CA. D.R.Venkatesh Delegate Fee: Rs. 500/-

06.06.09 Expat Taxation & Certification u/s 195. Branch PremisesSaturday Concept of Income deemed to accrue or arise in India - Sec.9 9.00am to 4.00pm

CA. Abhisek Goenka, Bangalore& CA. Sushil Lakahani, Mumbai Delegate Fee: Rs. 750/-

09.06.09 SA 315, SA 330 Branch PremisesTuesday CA. Mukesh Shah 6.00pm to 8.00pm

12.06.09 Set off and carry forward of losses u/s 78 and 79. Branch PremisesFriday Cash Credit & Unexplained investments 4.00pm to 8.00pm

CA. P.V.S.S.Prassad, Hyderabad Delegate Fee: Rs. 500/-

13.06.09 Corporatisation / restructuring - Wealth tax Act & Interesting Branch PremisesSaturday rulings of Supreme Court and AAR 9.00am to 4.00pm

Mr. K.K. Chythanya, Bangalore& CA. T S Ajai, Hyderabad Delegate Fee: Rs. 750/-

16.06.09 SRS 4400(AAS32), SRS 4410(AAS 31), SRE 2400(AAS 33) Branch PremisesTuesday CA. Vikas Ostwal 6.00pm to 8.00pm

18.06.09 New Tds Procedure & New return of Income Vasavi Vidya Nikethan, Vasavi RoadThrusday CA. S. Vishnumurthy Delegate Fee: Rs. 200/- 5.00pm to 8.00pm

19.06.09 Discussion on disallowance u/s 14A Expenditure incurred in Branch PremisesFriday relation to income not includable in total income and 4.00pm to 8.00pm

40-Amounts not deductible, 40A(IA) and other disallowancesCA. Pradeep.K.R Delegate Fee: Rs. 500/-

20.06.09 Taxation of HUF, Taxation of firm/AOP & Charitable Trusts, Branch PremisesSaturday Exemption u/s 11, 80G deduction, Education and other institutions 9.00am to 4.00pm

CA. D. Devaraj, Bangalore& CA. Shariq Contractor, Mumbai Delegate Fee: Rs. 750/-

20.06.09 Impact of credits on cost of product - Understanding Branch PremisesSaturday of Credits Under Central Excise, Service Tax and K-VAT 9.00am to 1.00pm

Mr. Madhukar N.Hiregange Delegate Fee: Rs. 250/-

23.06.09 SA 600(AAS 10), SA 610(AAS 7), SA 620(AAS 9) Branch PremisesTuesday CA. Manohar Gupta, Bangalore 6.00pm to 8.00pm

25.06.09 Handling Service Tax Litigation-A Practical Approach(with Case Studies) Vasavi Vidya Nikethan, Vasavi RoadThursday Mr. K.S. Naveen Kumar Delegate Fee: Rs. 200/- 5.00pm to 8.00pm

26 & 27.06.09 Two Day National Information Technology Conference Hotel Le- MeridianFri. & Sat. For details refer Inside Back Cover Bangalore

26.06.09 Notice u/s 148 and 156. Assessment/reassessment Branch PremisesFriday u/s 143, 144 & 153A. Rectification of mistakes u/s 154. 4.00pm to 8.00pm

CA. Bhanu Sekar Delegate Fee: Rs. 500/-

27.06.09 Set off and carry forward of losses u/s 78 and 79. Branch PremisesSaturday Cash Credit & Unexplained Investments followed by Brain Trust 9.00am to 4.00pm

CA. Abhishek Goenka Delegate Fee: Rs. 750/-

30.06.09 Managerial Excellence Branch PremisesTuesday CA. H.V. Srinivasa 6.00pm to 8.00pm

01.07.09 CA Day Celebrations Branch PremisesWednesday Flag Hoisting by CA. K.P. Rao and Pick & Speak Competition 9.30am onwards

02.07.09 AS-15 Branch PremisesThursday CA. K. Gururaj Acharya 6.00pm to 8.00pm

PROGRAMMES - AT A GLANCE - June 2009

2 Hrs.

3 Hrs.

4 Hrs.

6 Hrs.

4 Hrs.

4 Hrs.

No CPECreditdue to

CA Exams

2 Hrs.

3 Hrs.

12 Hrs.

2 Hrs.

Editor : CA. Cotha S. SrinivasSub Editors : CA. S.N. Ravindranath

CA. T.R. Venkatesh Babu

Advertisement Tariff for the Branch NewsletterColour full pageOutside back Rs. 20,000/-Inside front Rs. 15,000/-Inside back Rs. 15,000/-

Inside Black & WhiteFull page Rs. 10,000/-Half page Rs. 6,000/-Quarter page Rs. 3,000/-

The Branch does not accept anyresponsibility for the views expressed inArticles / Contributions / Advertisementspublished in this News Letter.

Date/Day Topic /Speaker Venue/Time CPE Credit

To be Born with a personality is a gift from our parents,But to Live as a Personality would be our own achievement & our gift to Parents.

2 Hrs.

No CPEdue to

CA Exams

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June2009

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ATTENTION :MEMBERS IN INDUSTRY

Saturday meetings for members in industry

will be done on third Saturday during the

month of June and July. During June there

will be exams on second Saturday and

during July we will have State Level

Conference, members may kindly make note

of these changes.

ATTENTION : CA STUDENTSBangalore Branch is happy to introduceScholarship Scheme Merit cum Need baseStudents. Interested Students are herebyrequested to forward their forms toBangalore on or before 30.06.2009. Formscan be downloaded from the websitewww.icai-bangalore.org and visit websitefor further details.

Every sunrise delivers opportunities, While every sunset asks what we did with those opportunities

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June2009

BANGALORE BRANCH OFSOUTHERN INDIA REGIONAL COUNCIL OF

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA“ICAI Bhawan”, #16/O, MILLERS TANK BED AREA, BANGALORE – 560052

NOTICE OF ANNUAL GENERAL MEETINGNOTICE is hereby given that the 47th Annual General Meeting of the members of the Bangalore Branch of SouthernIndia Regional Council of the Institute of Chartered Accountants of India will be held on Wednesday, July 15, 2009 at6:30 p.m. at S. Narayanan Auditorium, “ICAI Bhawan”, # 16/O, Millers Tank Bed Area, Bangalore – 560052 totransact the following business.

1. To receive the Annual Report of the Branch for the year 2008-09

2. To adopt the Audited Accounts of the Branch for the year ended 31st March 2009.

3. To transact any other business that may be brought out before the meeting with the permission of the “Chair”.

By Order of the Managing Committee

Sd/-(CA. T.R. Venkatesh Babu)

SECRETARYPlace: BangaloreDate: 27.05.2009

NOTE: Members are requested to bring the copy of Annual Report with them for the Annual General Meeting

MANAGING COMMITTEE

CA. Srinivas. C. S Chairman

CA. Shambhu Sharma. H Vice-Chairman

CA. Venkatesh Babu. T. R Secretary

CA. Babu. K Treasurer

CA. T.C. Mehta Chairman, SICASA

CA. Ravindranath. S.N Member

CA. Prabhudev Aradhya. S Member

CA. Raghu. K Ex-officio Central Council

CA. Suresh. P.R Ex-officio, Regional Council &Secretary, SIRC of ICAI

CA. Madhava Murthy. K.S Ex-officio, Regional Council

CA. Rajgopal. A Ex-officio, Regional Council

CA. Viswanath. K Ex-officio, Regional Council

If you want to keep all your worries & troubles in your pocket, be sure that your pocket has a Big Hole in it.

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June2009

Dear Members,

We are pleased to present the 47th Annual Report of

the Bangalore Branch of SIRC of The Institute of Chartered

Accoutants of India, together with the audited accounts

for the year ended 31st March 2009.

Bangalore Branch is one of the most active and largest

branch in the country and has successfully rendered more

than four decades of service to the members and students

at large. For the year 2009-10 following office bearers

have been elected in the Managing Committeemeeting held on 15th Feb 2009.

OFFICE BEARERS - 2009 - 2010

CA. Cotha S. Srinivas Chairman

CA. Shambhu Sharma. H Vice Chairman

CA. Venkatesh Babu. T.R Secretary

CA. Babu. K Treasurer

CA. Mehta. T.C Chairman, SICASA

OFFICE BEARERS - 2008 - 2009

CA. Prabhudev Aradhya. S Chairman

CA. Cotha S. Srinivas Vice- Chairman

CA. Shambhu Sharma. H Secretary

CA. Venkatesh Babu. T.R Treasurer

CA. Babu. K Chairman, SICASA

The Theme of the year 2009-2010 is“Think Differently Act Perfectly”

We all talk about recession in this prevailing Economic

scenario and the need of hour is to overcome this

recession. Once we emphasise TRANSPARENCY in our

professional career and as we know that we have to

shoulder more responsibilities in the field of Accounting

& Taxation, we need to possess world class financial

competency and good governance. We have to prove

that hard work always pay rich dividends. Therefore

we have to Think Differently in creative way and have to

act perfectly. Hence the theme of the year is“Think Differently Act Perfectly”

During the year your Managing Committee has tried

to provide Quality Service to all the members through

various Study Circle Meetings, Seminars, Conferences,

Workshops etc.,

The Branch conducted following important eventsduring the year

CONFERENCES

� State Level CPE Conference

� National Conference for IT Industry

� Diamond Jubilee Conference on IFRS

� Diamond Jubilee Mega Conference

� Diamond Jubilee Conference on WTO

WORKSHOPS

� International Taxation

� Service Tax

� Accounting Standards

SEMINARS

� Bank Audit

� Value added Tax

� Corporate Fund Raising through Capital Markets

� Immovable Properties – Direct and Indirect Tax

� Service Tax - Issue Based

� The corporate Accountants Meet

� National Seminar for Statutory Central Auditors of PSU

Banks

During the year some of the important dignitarieswho visited the branch were

� CA. Uttam Prakash Agrawal, President, ICAI

� Sri. V.C. Dave, ROC, Karnataka

� Sri. Go. Ru. Chennabasappa , Past President,

Kannada Sahitya Parishat and Senior Freedom Fighter,

� Our own Past Presidents, CA Dalal. A.H, CA SaradaN.P, CA Rahul Roy, CA B.P. Rao

� Sri K.K. Gupta, Member, ITAT, Bangalore

� CA. Amarjit Chopra, Chairman, ASB

� CA. Jaydeep Shah, Chairman, Board of Studies

47th Annual Report

Your true respect is not in the words spoken to you in your presence, but in the words spoken for you in your absence.

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June2009

MANAGEMENT DEVELOPMENT PROGRAMMES

The Management Development Programmes of the

branch is providing quality training to various Corporate

& Government organisations in the field of Finance,

Accounting and Taxation. It has established its own brand

image.

The basic course of the MDP viz., Course in Finance

for Non Finance Executives(FNFE) and advanced course

in Corporate Accounting Finance and Business Laws

(CCAFBL), Weekend Workshops on International

Taxation, Service Tax and Accounting Standards were

conducted during the year and were well attended by

members and executives from various leading corporate

in the city and across the State.

We have also conducted in-house training programes

for the excutives of KPCL, BHEL and Tyco Electronics on

the following topics :

� Banking

� Working Capital Management

� Tax management

� Accounting Standards

� IFRS

STUDENTS ACTIVITIES

The Branch has been regularly organising and

conducting Coaching Classes, Crash Courses, and Course

in Computer Traning for the benefit of students. The

Coaching classes conducted at the branch are of high

quality and cost effective also in comparision with other

facilities available.

Bangalore Branch of SICASA has been adjudgedas the best Branch of SICASA of SIRC for the year2008.

12 Batches of the Course on General Management

and Communication Skills were conducted at the Branch

premises. Newly qualified Chartered Accountants from

all over the country attended the GMCS courses at

Bangalore Branch.

Campus Interviews were held in the month of April

and September 2008 and over 695 students opted for

Bangalore as center and over 24 companies utilized

campus interview facilities.

RANK HOLDERS

CPT – December 2008

No. Name of the Student Rank

1 SUMANA M RAO 7TH

Professional Education II- May 2008

No. Name of the Students Rank

1 ANKUR AGARWAL 8TH

2 VIDYA T 11TH

3 SIMPU G 13TH

4 SHREEKANT GUTTAL 15TH

5 ASHWINI H G 20TH

6 AKSHAYA HERLE P 31ST

Professional Education II- November 2008


1 ASHA KUSUM 9TH

2 KANISH K JAIN 11TH

3 MADHURI N V L 12TH

4 RAHUL MEHTA 20TH

5 KAVITHA N 26TH

6 SESHASAI KUMAR O 29TH

7 RATHISH A 31ST

8 NAGARJUN K N 31ST

9 DEEPAK K R 33RD

10 SONAL NAHATA 35TH

11 SYED RIZWAN B N 37TH

12 PAWAN JAIN 40TH

13 POOJAR D 40TH

PCC – November Exam 2008


1. RESHMA D. HEGDE 28TH

2. PARVATHI. R 30TH

Society does not go down because of the activities of Criminals, But because of the inactivities of Good People.

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June2009

Final - November Exam 2008


1 VINUTHA H.G 36TH

2 JANANI M 44TH

3 MEENA 47TH

MEMBERSHIP

As on 31.03.09 the membership of the Bangalore branch,

which includes the members of Hosur and Tumkur is over

6900.

ACCOUNTS

The audited financial statement of the branch has been

published in this issue of the newsletter.

BRANCH ACHIVEMENT

Bangalore Branch has been adjudged as the BEST

BRANCH of SIRC during the year 2008.

MANAGING COMMITTEE MEETINGS

During the period from 1st April 2008 to 31st March 2009

13 (Thirteen) Meetings were held. CA. Shiva Kumar

Swamy. C.S has resigned as Managing Committee

Member during March 2009.

ACKNOWLEDGEMENT

The Managing Committee wishes to place on record their

deep appreciation for the support and services rendered

by various Dignitaries, Members, Organizations and

Institutions.

� President, Vice President, Past Presidents, Central &

Regional Council Members of ICAI.

� Course Directors, Speakers, Co-ordinators of the

various programmes.

� President and other Executive Members of KSCAA

� Faculty of Coaching Classes, Management

Development Programmes and Couse on GMCS.

� Statutory Auditors M/s. N.N. Yuvaraj and Associates,

Chartered Accountants and Internal Auditors M/s.

Patel Mohan Ramesh & Co., Chartered Accountants.

� Advertisers in News Letter and Sponsors of

Programmes / Activities.

� Our bankers Canara Bank, ICICI Bank, Syndicate Bank

and Corporation Bank.

� Our Printers M/s. Jwalamukhi Printers & Sreeman

Printers

� Our Photographer Sri. M.S. Nagaraj

� Officers and Staff for their sincere and dedicated

efforts in the overall administration of the Branch

affairs

� Every member and student of the branch for their

unstinted support rendered directly or indirectly in

conducting the various activities of the branch.

For and on behalf of the Managing Committee

Sd/-

CA. T.R. Venkatesh BabuSecretary

A few whole hearted, sincere, energetic men and women can do more in a year than a mob in a century.

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June2009

AUDITORS' REPORT

1. We have audited the attached Balance sheet of Bangalore Branch of SIRC of ICAI, as at 31st March 2009 and

the Income and Expenditure account for the year ended on that date, annexed thereto. These financial statements

are the responsibility of the management of its managing committee. Our responsibility is to express opinion on

these financial statements based on our audit.

2. We conducted our audit in accordance with generally accepted auditing standards in India. These standards

require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are

prepared, in all material respects, in accordance with an identified financial reporting framework and are free of

material misstatements. An audit includes, examining on a test basis, evidence supporting the amounts and

disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant

estimates made by management as well as evaluating the overall financial statements. We believe that our audit

provides a reasonable basis for our opinion.

3. Further to our comments in the Annexure referred to in paragraph 3 above, we report that:

a) We have obtained all the information and explanations, which to the best of our knowledge and belief were

necessary for the purpose of our audit.

b) In our opinion, proper books of account have been kept by the branch so far as it appears from our

examination of the books.

c) The Balance Sheet and the Income and Expenditure Account dealt with by this report are in agreement with

the books of account.

d) in our opinion and to the best of our information and according to the explanations given to us, the financial

statements give a true and fair view in conformity with the accounting principles generally accepted in India

and/or the directions received by the branch from the Central Council.

i) In the case of Balance Sheet, of the state of affairs of Bangalore Branch of SIRC of ICAI as at

31st March 2009

and

(b) In the case of Income and Expenditure Account, of the excess of income over expenditure for the year

ended on that date.

For N.N. YUVARAJ & ASSOCIATES,Chartered Accountants

Sd/-

(U.D. Prithvi raj)Place : Bangalore PARTNER

Date : 14-05-2009 M.No. 214307

Arguments throw Heat on the Subject, Discussions throw Light on the Subject. Arguments showWho is Right, Discussions show What is Right.

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June2009

BANGALORE BRANCH OF SIRC OFTHE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

Balance Sheet as on 31.03.2009

PARTICULARS SCH 31-03-2009 31-03-2008 Rs. Rs.

General ReserveOpening Balance 13,233,906 11,185,141Add: Surplus 489,604 385,279General Reserve Balance 13,723,510 11,570,420Trfr From Earmarked Funds 2,542,655 1,663,486

Total General Reserve 16,266,165 13,233,906Earmarked FundsOpening Balance 1 15,012,187 12,569,216Additions 4,500,000 3,400,000Interest Income 1,075,569 706,458Less : Expenses/Adjustment 2,542,655 1,663,486

Total Earmarked Funds 18,045,101 15,012,188Current LiabilitiesFees Received In Advance 2 711,700 1,032,850Creditors For Expenses 3 1,455,934 770,728Other Liabilities 4 812,515 545,375Provision For Municipal Tax Payable 2,769,177 -

Sub Total Of Current Liabilities 5,749,326 2,348,953Inter Unit Balances:Capital Grant Received 5,616,237 5,190,518Icai Current Account 5 99,808 395,308Icai Publication Payable A/C 6 1,262,201 1,052,541

Sub-total Of Interunit Balances 6,978,246 6,638,367

TOTAL 47,038,838 37,233,414Assets/Application Of FundsFixed Assets-net Block 7 10,888,154 9,608,602Earmarked Investments 8 13,545,101 15,012,187Other Investments 9 15,366,892 7,615,791Current Assets:Stationery Stock ,Etc 10 30,545 44,930Security Deposits - 16,350Other Receivables 11 118,911 117,452Advances & Prepayments 12 541,607 609,883Cash & Bank Balances 13 3,016,665 959,446Inter Unit Balances:Central Council Current A/C 14 2,292,748 1,236,568Regional Council Current A/C 15 - 983,850Publication Stock Transfer A/C 16 1,238,215 1,028,355

Total Dr. Of Inter Unit Balances 3,530,963 3,248,773

TOTAL 47,038,838 37,233,414

As per our report of even datefor N.N.Yuvaraj & Associates

For Bangalore Branch of SIRC of ICAI Chartered Accountants

Sd/- Sd/- Sd/- Sd/- CA. C.S.Srinivas CA. T.R. Venkatesh Babu CA. K. Babu (CA. U.D. Prithvi raj)

CHAIRMAN SECRETARY TREASURER PARTNER

Place : BANGALORE Date : 14.05.2009

Notes to accounts forms itegral part of these 23financial statement

There are two great days in a person’s life. The day he was born and the day he discovers why!

11


June2009


Income & Expenditure Account for the year ended 31.03.2009

PARTICULARS SCH 31-03-2009 31-03-2008 R s R s

INCOME

Conference Grant 5,000 -

Inter College Debate Programme Grant 45,190 -

It Course Grant 4,000 -

Elocution And Quiz Contests Grant 11,001 -

Membership Fee Grant 716,000 327,552

Audit Fees Grant 79,416 43,820

Ad Hoc Grant - Bos - 72,000

Sub-total 860,607 443,372

News Letter Income 282,000 402,000

Seminar Income 13,485,308 9,471,438

Gmcs Course Income 2,857,500 2,177,000

Interest On Investments 17 1,270,395 879,933

Other Income 18 172,406 298,001

Income From Coaching Classes 2,371,465 2,530,235

Commission On Sale Of Publications 453,443 482,594

Income From Itt Course Fee 5,780,000 2,208,700

Prior Period Adjustments 19 112,677 54,764

TOTAL 27,645,801 18,948,037

EXPENDITURE

Salary & Staff Expenses 20 1,243,271 1,095,258

Printing , Stationery & Photocopying 137,853 480,707

Newsletter (Rcs& Brs) 1,130,817 1,018,044

Postage , Telephone And Courier 182,840 131,172

Rent Electricity And Water 381,007 386,919

Repairs & Maintenance 835,481 568,900

Travel Members 34,426 24,214

Conveyance And Travel - Staffs 43,480 27,666

Magazine & Periodicals 18,163 29,853

Laptop Hiring Charges 27,788 -

Internal Audit Fees 59,562 26,966

Statutory Audit Fees 19,854 16,854

Professional & Consultancy Fees 69,500 -

Legal Fees 10,000 -

Seminar Expenses 9,318,595 6,906,518

Gmcs Course Expenses 2,031,815 1,733,116

Other Expenses 21 368,813 330,390

Expenditure On Itt Course Fee 863,941 99,068

Expenses Towards Coaching Classes 1,524,743 1,143,305

Prior Period Adjustments 22 2,854,726 -

SUB - TOTAL 21,156,675 14,018,950

Depreciation 1,499,522 1,143,809

TOTAL 22,656,197 15,162,759

When time never stops for you then why you always wait for time?? No time is wrong to do the Right Things.

12


June2009

Schedules forming part of Balance Sheet as on 31.03.2009SCHEDULE - 1 : EARMARKED AND OTHER FUNDS

PARTICULARS AS AT AS AT AS AT 01.04.2008 ADDITIONS INCOME DEDUCTIONS 31-03-2009 31-03-2008

Rs. Rs. Rs. Rs. Rs. Rs.

ENDOWMENT FUNDSVisweshwaraiah Prize Fund 85,684 - 4,743 - 90,427 85,684

Guruprasad Prize Fund 56,094 - 3,200 - 59,294 56,094Bhanumurthy Prize Fund 15,548 - 1,035 - 16,583 15,548Seetharamaiah Prize Fund 109,677 - 8,774 - 118,451 109,677

TOTAL (A) 267,003 - 17,752 - 284,755 267,003DESIGNATED FUNDSStudy Circle Series Fund 474,250 - 28,398 - 502,648 474,250CA Student Education fund 529,321 - 32,519 - 561,840 529,321Building Maintenance fund 5,511,742 1,500,000 408,927 - 7,420,669 5,511,742

Library Corpus fund 703,025 - 47,001 - 750,026 703,025Fixed Asset Acquisition fund 5,664,746 2,500,000 397,993 2,542,655 6,020,084 5,664,746Maintenance Fund 1,862,100 500,000 142,979 - 2,505,079 1,862,100

TOTAL (B) 14,745,184 4,500,000 1,057,817 2,542,655 17,760,346 14,745,184GRAND TOTAL (A) + (B) 15,012,187 4,500,000 1,075,569 2,542,655 18,045,101 15,012,187

PARTICULARS 31.03.2009 31.03.2008 Rs Rs

SCHEDULE -2 : FEES RECEIVED IN ADVANCEGMCS Course Fees - 56,933CCAFBL Training Programme 115,200 175,652CPT Coaching Class - 83,493

Information Technology Training 396,000 528,000PCC Coaching Class 107,000 68,772Crash Course PE II/PCC 93,500 -

International Taxation Course - 120,000

Total 711,700 1,032,850

Surplus 4,989,604 3,785,279

Appropriations -Maintenance Fund 500,000 500,000Building Maintenance Fund 1,500,000 900,000

Fixed Asset Acquisition Fund 2,500,000 2,000,000

Balance Transferred To General Reserve 489,604 385,279

As per our report of even datefor N.N.Yuvaraj & Associates

For Bangalore Branch of SIRC of ICAI Chartered Accountants

Sd/- Sd/- Sd/- Sd/- CA. C.S.Srinivas CA. T.R. Venkatesh Babu CA. K. Babu (CA. U.D. Prithvi raj)

CHAIRMAN SECRETARY TREASURER PARTNER

Place : BANGALORE Date : 14.05.2009

Notes to accounts forms itegral part of these 23financial statement

Work for a cause and not for Applause. Live Life to Express and not to Impress.

13


June2009


Schedules forming part of Balance Sheet as on 31.03.2009


SCHEDULE - 3 : CREDITORS FOR EXPENSES (Payable)Statutory Audit Fees 19,854 16,854Repairs and Maintenance - 782Security Charges - 16,049Mineral Water 3,493 7,499Printing and Stationery 1,600 38,552Postage, Courier and Telephones 11,852 22,424Internal Audit Fees 53,427 23,911News Paper Expenses - 716Rent, Electricity And Water 119,433 81,583Seminar and Conference Expenses 192,602 254,307Coaching Class/GMCS Course Expenses 425,854 62,566CCAFBL/FNFE Expenses 98,894 184,045ITT Expenses 72,500 -Conveyance 1,007 19,303CPT Online Expenses Payable 1,943 -News Letter Expenses - 42,137Software Development Expenses 2,000 -OT & Salary Expeneses Payable 3,464 -Fixed Assests- Interior Decoration Payable (South ITT Centre) 233,829 -Fixed Assests- LCD Projector Payable 149,953 -Fixed Assests- Electrical Fittings (South ITT Centre) 64,229 -

Total 1,455,934 770,728SCHEDULE - 4 : OTHER LIABILITIESSecurity deposit - B.S.Patil 5,000 5,000BOS - GMCS Material Payable - 125,000TDS Payable 141,930 42,905Medical Reimbursement/ Retention Money -Staff 46,710 9,250Others Excess Credit Bank 20,000 20,000Retention Money -Building Renovation - 258,252Architect Fees Payable - 35,468Blazers Advance - Refundable - 49,500Exam Form Nov’08 Collection Due for Remittance 272,200 -ISA Form Remittance Due 1,175 -SICASA Bangalore 300,000 -L Tap Income Refundable 25,500 -

Total 812,515 545,375SCHEDULE - 5 : ICAI CURRENT A/CICAI - Gratuity Grant Payable 99,808 99,808Blazers Dues - 295,500

Total 99,808 395,308SCHEDULE - 6 : ICAI PUBLICATION A/C (Payable A/c)Article Registration Forms 29,150 25,470Publications 631,608 593,183Revision Test Papers 21,198 35,648Study Materials 38,159 229,514Suggested Answers 542,086 168,726

Total 1,262,201 1,052,541

In investing money, the amount of interest you want should depend on whether you want to Eat Well or Sleep Well.

14


June2009



PARTICULARS RATE WDV AS ON ADDITIONS DELETIONS TOTAL DEPRE- WDV ONOF DEP. 01.04.2008 CIATION 31.03.2009

(%) (In Rs) (In Rs) (In Rs) (In Rs) (In Rs) (In Rs)Airconditioner 15% 806,432 - - 806,432 120,965 685,467Airconditioner-

South ITT Center 15% - 120,000 - 120,000 - 120,000Canopy 10% 89,120 - - 89,120 8,912 80,208Computer Lab A/C 10% 54,884 - - 54,884 5,488 49,396

Computer LabComputers 60% 532,349 - 532,349 319,409 212,940Computer Lab

ComputersSouth ITT Center 60% - 1,050,000 - 1,050,000 - 1,050,000Furniture-Computer

Lab 10% 161,239 45,000 - 206,239 19,514 186,725Computer Lab UPS 15% 58,362 39,375 - 97,737 13,835 83,902Computers 60% 91,466 4,000 - 95,466 55,722 39,744

Electrical Fittings 10% 813,243 - - 813,243 81,324 731,919Fire Alarm System 10% 18,280 - - 18,280 1,828 16,452Furniture 10% 3,136,007 - - 3,136,007 313,601 2,822,406

Furniture-KitchenUtensils 10% 20,158 - - 20,158 2,016 18,142Laptop 60% 3,911 - - 3,911 2,347 1,564

Lcd Projector 60% 29,905 293,028 - 322,933 66,518 256,415Lcd Projector-South ITT Center 60% - 74,977 - 74,977 - 74,977

Library Books 100% - 53,398 - 53,398 53,398 -Lift 10% 280,879 - - 280,879 28,088 252,791Networking 60% 25,715 - - 25,715 15,429 10,286

Office Equipments 15% 101,620 162,998 - 264,618 26,694 237,924Printers 15% 28,687 46,708 - 75,395 6,047 69,348Interior Auditorium 10% 1,640,246 - - 1,640,246 164,025 1,476,221

Interior DecorationSouth ITT Centre 10% - 389,250 389,250 - 389,250Interior Ground Floor 10% 1,533,736 - - 1,533,736 153,374 1,380,362

Software 60% 742 36,240 - 36,982 10,891 26,091Ups 15% 181,621 11,698 - 193,319 27,286 166,033Plasma TV 15% - 60,000 - 60,000 2,811 57,189

Furniture SouthITT Center 10% - 143,375 - 143,375 - 143,375Networking South

ITT Center 60% - 108,309 - 108,309 - 108,309Electrical FittingsSouth ITT Center 10% - 140,718 - 140,718 - 140,718

Grand Total 9,608,602 2,779,074 - 12,387,676 1,499,522 10,888,154Previous Year 6,294,943 4,228,803 - 10,752,411 1,143,809 9,608,602

SCHEDULE - 7 : FIXED ASSETS

You must have long term goals to keep you from being frustrated by short term failures.

15


June2009

PARTICULARS In FDRs INTEREST INTEREST NET INTE- BALANCE As At As AtRECEI- RECEI REST RECEI- WITH INVEST-VABLE VED VABLE MENT (GEN) 31-03-2009 31-03-2008

Rs. Rs. Rs. Rs. Rs. Rs. Rs.

VisweshwaraiahPrize Fund 59,292 4,743 - 4,743 26,392 90,427 85,684

GuruprasadPrize Fund 41,770 3,200 3,200 - 17,524 59,294 56,094

BhanumurthyPrize Fund 14,925 1,035 1,035 - 1,658 16,583 15,548

SeetharamaiahPrize Fund 109,677 8,774 - 8,774 - 118,451 109,677

TOTAL (A) 225,664 17,752 4,235 13,517 45,574 284,755 267,003

Study CircleSeries Fund 338,432 28,398 10,800 17,598 146,618 502,648 474,250

CA StudentEducation Fund 416,738 32,519 14,000 18,519 126,583 561,840 529,321

Building MaintenanceFund 5,467,943 408,927 35,651 373,276 79,450 5,920,669 5,511,742

Library Corpus Fund 653,038 47,001 16,000 31,001 65,987 750,026 703,025

Fixed Asset AcquisitionFund 3,093,831 397,993 253,554 144,439 281,814 3,520,084 5,664,746

Maintenance Fund 1,626,609 142,979 92,795 50,184 328,286 2,005,079 1,862,100

TOTAL (B) 11,596,591 1,057,817 422,800 635,017 1,028,738 13,260,346 14,745,184

GRAND TOTAL (A)+(B) 11,822,255 1,075,569 427,035 648,534 1,074,312 13,545,101 15,012,187


Schedules forming part of Balance Sheet as on 31.03.2009SCHEDULE - 8 : EARMARKED AND OTHER INVESTMENTS

SCHEDULE - 9 : INVESTMENTS - GeneralFixed Deposits with Canara Bank 9,450,345 2,310,619Fixed Deposits with Syndicate Bank - 401,159RBI 8% Bonds 6,990,859 7,133,224

16,441,204 9,845,002Less : Amount to be transferred to Earmarked Investments 1,074,312 2,229,211

Total 15,366,892 7,615,791SCHEDULE - 10 : STOCKGMCS Book Stock 24,000 31,000Gift Vouchers 720 6,930Stock WIRC 5,825 7,000

Total 30,545 44,930SCHEDULE - 11 : OTHER RECEIVABLESDue from Ex - Employee 29,250 29,250Training Fees Receivable 63,060 53,202KPCL Programme Receivable 26,601 -Other Receivable - 35,000

Total 118,911 117,452

Even a small dot can stop a big sentence, but….. a few more dots can give a continuity. Every end can be a new beginning.

16


June2009


SCHEDULE - 12 : ADVANCE & PRE-PAYMENTS

Deposits with KPTCL 174,800 174,800

Deposit - Property Tax - 300,495

Deposit for Rent - Bangalore South ITT Center 280,000 -

Advance to Staff 5,000 14,000

Prepaid Expenses 67,176 75,139

Advance - Post office for Newsletter Posting 14,631 45,449

Total 541,607 609,883SCHEDULE - 13 : CASH & BANK BALANCES

Canara Bank SB A/c.80172 24,818 17,594

Canara Bank SB A/c.10825 434,202 386,846

Canara Bank SB A/c.11215 2,290 2,149

Canara Bank SB A/c.9499 2,430,987 474,255

Canara Bank SB A/c.9759 16,767 47,871

Cash on Hand 10,751 10,132

Cheque on Hand 96,850 20,600

Total 3,016,665 959,446

SCHEDULE - 14 : CENTRAL COUNCIL CURRENT ACCOUNTTDS Receivable 612,756 516,765

Seminar Grant Receivable 15,000 15,000

Membership Fees Grant Receivable 61,025 61,025

Sunday Test Expenses 28,421 28,421

ICAI Current Account 22,105 22,105

ICAI Decentralised Office, Bangalore 1,093,446 88,938

BOS Grant Receivable 42,000 42,000

ICAI - Salary 222,855 105,945

Audit Fees Grant Receivable 138,236 58,820

Library Grant 49,619 49,619

Medical Grant Receivable 7,285 7,285

CFO Meet Expenses - 240,645

Total 2,292,748 1,236,568SCHEDULE - 15 : REGIONAL COUNCIL CURRENT ACCOUNTAdvertisement - News Letter - 62,000

39th Regional Conference of SIRC of ICAI - 921,850

Total - 983,850SCHEDULE - 16 : ICAI PUBLICATION STOCK ACCOUNTArticled Registration Forms 29,100 25,420

Publications 628,975 591,350

Revision Test Papers 21,890 36,340

Study Materials 40,785 231,140

Suggested Answers 517,465 144,105

Total 1,238,215 1,028,355



The Worst regret we can have in Life is not for the Wrong Things we did,But for the Right Things we could have Done but we never did.

17


June2009

PARTICULARS 31.03.2009 31.03.2008Rs. Rs.

Schedule - 17 : INTEREST ON INVESTMENTS

Interest on Fixed Deposits / RBI Bonds 1,170,806 759,778

Interest on SB Accounts 99,589 120,155

Total 1,270,395 879,933

Schedule - 18 : OTHER INCOME

Coin Booth Collection 781 3,526

Commission Received - Exam Forms 163,605 196,287

Hall Rent & LCD Charges for ISA Course - 59,797

Miscellaneous Income 7,220 20,714

Sale of Branch Publications 800 6,677

Special Recognition Award 11,000

Total 172,406 298,001

SCHEDULE - 19 : PRIOR PERIOD ADJUSTMENTS - INCOME

FD Interest from Syndicate Bank (05-06 FD Matured) 17,901 -

Membership Fee Grant 2006-07 - 1,998

GMCS Advance - 8,000

Medical Reimbursement Grant - 8,000

Decentralised Office receivable accounted short - 7,235

Coaching class/Seminar ( Honararium Reversed) 16,166 27,973

GMCS - Income - (442)

Computer Course Training - 2,000

Accrued Interest on FDR Canara Bank 4,699 -

Dubai Tour Study 50,000 -

Internal Audit Fees - Excess Provision reversed 23,911 -

Total 112,677 54,764

SCHEDULE - 20 : SALARY & STAFF EXPENSES

Salary to Staff 1,109,160 1,024,328

Staff Welfare Expenses 52,361 34,524

Medical Expenses 34,500 36,406

Gratuity Expenses 47,250 -

Total 1,243,271 1,095,258

SCHEDULE - 21 : OTHER EXPENSES

General Expenses 215,240 168,157

Security Charges 67,839 67,904

Mineral Water Charges 69,509 68,192

Bank Charges 16,225 26,136

Total 368,813 330,390


Schedules forming part of Income & Expenditure Accountfor the year ended 31.03.2009

Don’t strive to make your Presence noticed, just make your Absence Felt.

18


June2009

Schedule – 23 Significant Accounting Policies and

Notes Forming Part of Accounts for the year ending 31.03.2009I. Accounting policy:

The financial statements have been prepared in accordance with the format provided by the ICAI, New Delhi, as per the“Accounting Manual for Branches of Regional Councils”.

2. Revenue Recognition:

Revenue is recognized on accrual basis, as per the “Accounting Manual for Branches of Regional Council”.

3. Inventories:

a) Stock of mementos is stated at cost.

b) Branch publications are accounted in the year of publication and income is recognized at the time of sale.

c) Stock of publication held on behalf of ICAI is stated at Selling Price.

4. Fixed Assets and Depreciation:

a) Library books are fully depreciated in year of purchase. In respect of other assets depreciation is charged on Written

Down Value basis. In respect of assets (others) acquired during the year, depreciation is provided on prorata basis. Therates of depreciation are as prescribed in “Accounting manual for Branches of Regional Councils”.

b) The Branch Building and Depreciation thereon are accounted at ICAI New Delhi

5. Investments:

Investments are stated at cost

6. Deferred Tax Asset/Liabilityis not applicable at branch level.

Notes forming Part of Accounts:

1. Property Tax: The case was pending with BBMP regarding the finalization of Property tax to be paid by the Bangalore Branch.As per the directions of the Honorable High Court the matter was referred to the Taxation Appeals Committee. The said

Taxation Appeals Committee has discussed the issue relating to our branch on 09.02.09 and has concluded that the branchis not eligible for exemption from payment of property tax and hence the appeal made by the branch wrt. exemption frompayment of property tax has been disposed off and a demand has been raised from BBMP for Rs. 28,47,768/- alongwith 5%

penalty representing the property tax for 15 years from the year 1993-94 to 2007-08. The branch has made a provision ofRs. 28,47,768/- towards property tax and the same has been accounted as Prior period Expenditure.

2. Balances representing Sundry creditors & central council account are subject to reconciliation & receipt of confirmationsfrom parties.

3. During the year the branch has not made provision for Gratuity.

4. Previous year's figures in financial statements have been rounded off to the nearest rupee and have been regrouped/

rearranged wherever necessary to make them comparable and meaningful.

As per our report of even date

For Bangalore Branch of SIRC of ICAI for N.N.Yuvaraj & AssociatesChartered Accountants

Sd/- Sd/- Sd/- Sd/- CA. C.S. Srinivas CA. T.R. Venkatesh Babu CA. K. Babu (CA. U.D. Prithvi raj)

CHAIRMAN SECRETARY TREASURER PARTNER Place : BANGALORE Date : 14.05.2009

PARTICULARS 31.03.2009 31.03.2008Rs. Rs.

SCHEDULE - 22 : PRIOR PERIOD ADJUSTMENTS - Expenses

Municipal Tax Payment 2,847,768 -

Seminar Expenses 750 -

39th Regional Conference 6,208 -

Total 2,854,726 -

Well wisher is not one who greets & talks to you daily.Well wisher is one who always things of you & prays to God for your happiness.

19


June2009

Recent judicial pronouncements in Indirect TaxesNR Badrinath, Grad C.W.A., F.C.A., Madhur Harlalka, B. Com., F.C.A.

Service Tax

1. Service tax being a value added tax, value addition is absent

in renting of immovable property for use in the course or

furtherance of business or commerce. Renting of

immovable property itself cannot be regarded as a service.

The hon’ble high court has held while allowing writ petition

held that “in so far as renting of immovable property for

use in the course of furtherance of business of business or

commerce is concerned, we are unable to discern any value

addition. Consequently, the renting of immovable property

for use in the course or furtherance of business of commerce

by itself does not in terms entail value addition and,

therefore, cannot be regarded as a service”.

Further hon’ble high court held that section 65(105)(zzzz)

does not in terms entail that renting out of immovable

property for use in the course or furtherance of business

of commerce would by itself constitute a taxable service

and be exigible to service tax under the Finance Act, 1994.

Consequently exemption notification no. 24/2007-S.T.

dated 22-5-2007 and C.B.E.& C Circular No. 98/1/2008-

S.T., dated 4-1-2008 are ultra vires the Finance Act, 1994

and to the extent that they authorize the levy of service

tax on renting of immovable property per se, they are set

aside. [Home solutions Retail India Limited and others Vs.

Union of India, 2009(14) S.T.R. 433 (Del.)]

2. The appellant is providing services of offshore support

vessels, marine construction barges and harbour tugs to

exploration and production companies and service tax is

paid under supply of Tangible goods under section

65(105)(zzzzj) with effect from 16.05.2008. However

department has demanded the service tax under the

category of mining services for the prior period. The

appellant aggrieved by the demand filed a writ petition

with the Hon’ble High Court of Bombay. The Hon’ble High

Court held that vessels are given on time charter basis

without parting with right of possession and effective

control and therefore the services are either pre-mining or

post-mining activities not having direct relation to mining.

Further, introduction of a new entry for levy of service tax

on supply of tangible goods is not by amending earlier

entry on mining services and is not a carving out of mining

services. Hence providing vessels on time charter basis

without giving effective control is not covered under

mining services. The service rendered by a person must

have direct or proximate relation to subject matter of the

taxing entry. The context of usage of phrase “in relation

to” is to be borne in mind to judge the scope of entrywhich may be of wide amplitude. [Indian Nation Shipowner’s Association Vs. Union of India, 2009(14) S.T.R.289 (Bom.)]

3. The appellant is a society with laudable objective of non-profit motive. The memorandum of association indicates

the programmes covering all fields of administration,management and broadly in the field of social sciences(e.g. Health Policy Research, Bio-mass Project, Change

Management, Water and Sanitation MaterialsDevelopment, City Consultation in Hyderabad, EnergyManagement etc). The appellants are conducting

programmes in professional manner for persons alreadyin service. The institution is registered under the SocietiesRegistration Act, and also exempted from income-tax.

Hence it cannot be considered as a commercial centre.Therefore, no service tax is leviable under the category ofCommercial Coaching or Training. Further, the service

provided by the appellant are not “Scientific and TechnicalResearch” since by no stretch of imagination, theadministrative staff of college can be called as “science ortechnology” institution and also providing services in the

filed of social science. [Administrative Staff College of IndiaVs. C.C.&C.E., Hyderabad, 2009 (14) S.T.R. 341 (Tri.-Bang.)]

4. The appellant entered into permanent transfer of technical

know-how and also entered into supplementaryagreements to set up a task force to recommend on aspectswhich are not in relation to technical know-how. The

Tribunal held that setting up of joint task force does notamount to rendering of technical advice and relationshipof service provider and service recipient absent. Therefore,

no service tax is payable. [C.B.E&C Vadodara-I Vs. AmbalalSarabhai Enterprises Limited, 2009 ?(14) S.T.R 355(Tri.-Ahmd.)]

5.The revenue raised a Demand on reimbursable charges,

viz., the out of pocket expenses collected by the assesseefrom its clients on flat rate basis. The Tribunal held thatthis does not mean that no expenses have been incurred

and the revenue can therefore deny the credit. If thereimbursed sum is more than the flat rate, the tax is to bepaid on the differential but the details are to be verified

and the matter is remanded. [M/s Absolute ConsultantsPvt Ltd Vs CST, Ahmedabad, 2009-TIOL-760-CESTAT-AHM]

This decision is with respect to the provisions prior to theamendment of Section 67 of Finance Act, 1994

Emotions don’t have words, Wishes don’t have script. If you Smile World is with you, otherwise,Even a drop of tear doesn’t like to stay with you.

20


June2009

6. If the non-payment of duty was attributable to fraud,

collusion etc, penalty is mandatory. If the notice undersection 11A (1) states that the escaped duty was the resultof any conscious and deliberate wrong doing and in the

order passed under section 11A (2) if there is a legallytenable finding to that effect then the provision of section11AC would also get attracted. The earlier judgement in

the case of Dharmendra Textiles did not stipulate that forevery demand, penalty is an automatic consequence. Thedecision in Dharamendra Textiles case must therefore be

understood to mean that though the application of section11AC would depend upon the existence or otherwise ofthe conditions expressly stated in the section, once the

section is applicable in a case, the concerned authoritywould have no discretion in quantifying the amount andtherefore the penalty must be imposed under sub-section

(2) of section 11A. [CC & CCE Vs M/s Rajasthan Spinning &Weaving Mills, 2009-TIOL-63-SC-CX]

7. Where the contract is for providing vehicles for a fixeddestination and further where the vehicles are used for

the particular destination on demand of client, the samecannot be treated as Rent-a-Cab and Tour OperatorService. [CCE, Rohtak Vs. Miglani Taxi service, 2009-TIOL-734-CESTAT-DEL]

CENVAT Credit

8. Service Tax paid on outdoor catering services received forsupply of food in the canteen attached to the factory iseligible as CENVAT credit. It is mandatory that a

manufacturing unit which employees more than 250worker should have canteen for supply of food and alsothat the cost of food forms part of cost of production.

[Kaycee Industries Ltd Vs CCE, Thane, 2009-TIOL-750-CESTAT-MUM and CCE & CC, Nashik Vs M/s Jindal Saw Ltd,2009-TIOL-747CESTAT-MUM]

9. Insurance of plant and machinery is expenditure which

goes into cost of production of manufactured goods.Therefore, service tax paid on the insurance of plant andmachinery would qualify as input services for the purposes

of CENVAT Credit Rules. [Finolex Cables Limited, Vs. CCE,Pune-I, 2009(14)S.T.R. 303 (Tri.-Mumbai)]

10. Assessee avails CENVAT credit as well as abatement of67% under Notification No.18/2005 Dt. 7.06.2005. The

said notification was rescinded and notification 01/2006-Dt. 1.03.2006 was issued. The new notification prescribesthat CENVAT credit on input services shall not be available

if the assessee claim abatement. Accordingly, thedepartment demanded service tax and penalty foravailment of both options (i.e. CENVAT Credit availment

and abatement) for the period January to February 2006where the payment for the same was received in the month

of March 2006. in this regard, the Tribunal held that since

the assessee is eligible to both, CENVAT credit on inputservices and abatement for the period prior to March 2006,the demand of tax, interest and penalty is set aside. In

respect of the above transactions, the provisions containedin notifn 1/2006 would not be applicable. [M/s. SantoshAssociates Vs. CST, Ahmadabad, 2009-TIOL-720-CESTAT-AHM]

Excise

11. Show cause notices were issued by the revenue to twounits without identifying which one is dummy and whichone real for denying the exemption under SSI scheme. In

this regard, it was held that the department should identifywhich one is dummy and real and this is a fundamentalflaw in show cause notice and that the same cannot be

cured at this stage (appeal stage). When the revenue hasfailed to identify real and dummy units and when thedemand has been confirmed on both units, such an order

cannot be legally sustained. [Rao Industries Vs. CCE,Bangalore, 2009 (237) E.L.T. 128 (Tri.-Bang.)]

12. EOUs may opt out of the scheme with the approval of theDevelopment Commissioner subject to the payment of

applicable duties on imported and indigenous capitalgoods, raw materials, components, consumables, sparesand finished goods in stock as per 6.18 of Foreign Trade

Policy 2004-09 as on the date of debonding. There is nomention about the in-process goods. In the absence ofthe mention of in-process goods in the policy, there is no

authority for demanding duty on the in-process goods.Hence demand of duty on the in-process goods is setaside. [Tirumala Seung Han Textiles Limited Vs. CCE(A),Hyderabad, 2009 (237) E.L.T145 (Tri.-Bang.)]

13. Financial hardship cannot be accepted for waiver of pre-deposit when company balance sheet shows investmentin shares. Public money cannot be used for investment in

shares. Therefore, appellant directed to make a pre-deposit. [Arya Fibres Private Limited Vs. CCE, Daman, 2009(237) E.L.T. 558 (Tri-Ahmd.)]

14. In respect of short payment of duties by an EOU, there is

no time limit for raising a demand. The demand can beraised at any time in terms of the provisions of B-17 bondexecuted by them. Though the bond is not invoked by the

Commissioner while confirming the demand, so long asproper officer has power under a particular provision oflaw, the same can be invoked at any time. It is also observed

so long as the proper office has the power to raise ademand, invoking the wrong of the provision of law forconfirming the duty will not vitiate the demand.

[Endress+Hauser Flowtec (I) Private Limited Vs. CCE,Aurangabad, 2009 (237) E.L.T. 598 (Tri.-Mumbai)]

Comparison is the best way to judge your progress. But don’t compare your yesterday with your today.

21


June2009

ADMISSIONS OPENINTEGRATED PROFESSIONAL COMPETENCE COURSE

( I P C C ) ORIENTATION PROGRAMMEBangalore Branch of SIRC of ICAI is happy to announce the launch of the orientation programme for the studentsregistered for IPCC.

35 hours sessions (Monday to Saturday – 10 am to 5.15 pm) on:-

1. Personality Development. 4. Business Environment.

2. Communication skills. 5. General Commercial Knowledge.

3. Office Procedure.

BATCH DURATION

` III 1st to 6th June 2009

IV 8th to 13th June 2009

V 15th to 20th June 2009

VI 22nd to 27th June 2009

VII 29th June 2009 to 4th July 2009

FEE: Rs. 3000/- either by Cash / Demand Draft in favour of Bangalore Branch of SIRC of ICAI.

Expert faculty members specialized in their respective areas will be conducting the sessions .

Admissions on First come first served basis. As the seats are restricted to 50 Nos. students are requested toenroll at the earliest.

Nanu R. Mallya Cotha S. Srinivas T.R. Venkatesh Babu T.C. MehtaChief Facilitator Chairman Secretary Chairman (SICASA)

For Further details contact the Branch onTel : 30563500 / 512 / 513 e-mail : [email protected]

KIND ATTENTION STUDENTS PURSUING GMCS COURSE

ANNOUNCEMENT:

REGISTRATIONS OPEN FOR THE COURSE ON“GENERAL MANAGEMENT AND COMMUNICATION SKILLS” 63rd & 64th batch

Proposed date for the Commencement of the

63rd Batch- 27-07-2009 To 12-08-2009

64th Batch- 17-08-2009 To 03-09-2009Course Fee: Rs.4500/- DD in favour of “Bangalore branch of SIRC of the ICAI” / Cash

Duration : 15 days

Eligibility: 1) Would have completed minimum 2 years of article training.

2) Would have passed PE-II course/ taken up either one group or both the groups offinal exams/qualified CA.

3) One passport size photograph

For Further details contact the Branch on Tel: 30563500 /512/513 e-mail : [email protected]

The best part of life is when your family understands you as a friend & your friends support you as a family.

22


June2009

Admissions Open

COACHING CLASSES AT BANGALORE BRANCH

Coaching Classes Duration Timings Fees

CPT - Dec 09 Batch 01st July 09 to 15th November 09 5.30 pm to 7.30 pm Rs. 4,500.00

Final Nov 2009 Batch 17th June 09 to 31st October 09 7.30 am to 9.30 am Rs. 8,000/- 1(Both the Groups)

New Scheme 6.00 pm to 8.00 pm Rs. 5,000/- (Single Group)

Admissions on First Come First Serve Basis

Fee : DD in favour of “Bangalore Branch of SIRC of ICAI” / Cash

For Further details contact the Branch onTel : 30563500 / 512 / 513 e-mail : [email protected]

Study Group approve by the President, ICAIfor Bangalore. The details of the Workgroupand its members are as follows :

ICAI KARNATAKA VAT AUDITWORKGROUP

CA. K.Raghu,Central Council Member: Convenor

CA. C.S.SrinivasChairman, Bangalore Branch of ICAI

CA. Venkatramani Co-ordinator

CA. Sanjay Dhariwal

CA. Keshava. M.S.

CA.Madhur Harlalaka

CA.K.Ramnath

ICAI E- ROOM STUDY GROUPCA. K. Raghu,

Mentor, Chairman–Information Technology Committee

CA. C.S.SrinivasChairman , Bangalore Branch of ICAI

CA. Gurunath

CA. V.Chetan

CA. M.S.Keshava

CA. Sailesh Agarwal

CA. Vinay Murthyunjaya

CA. L.Prakash

CA. Anil Birla

AUDIT DOCUMENTATION SOFTWAREWORKGROUPCA. K.RaghuChairman Peer Review Board

CA. Manoj FadnisMentor – Central Council Member

CA. C.S.SrinivasChairman , Bangalore Branch of ICAI

CA. Rama Rao

CA. Gururaj Acharya

CA. C. Ganesh

CA. Shamji Lal Patel

CA. Anil Rao

CA. Ravi Prasad

Interested Members are requested to send theirviews for the consideration of the above studygroups.

FOR THE ATTENTION OF MEMBERS

Members who have registered for InformationSystem Audit Course are hereby informed that thenext batch of ISA –PT is proposed to be held atBangalore Centre during the second week of July2009. Members desirous of pursuing this coursemay register on or before 30th June 2009 throughonline. Please visit our website www.icai.org

For any clarifications/ details contact:Mr. K. R. Kulkarni, Section Officer

Tel.Nos : 30563500/30563542E-mail : [email protected]

Never get tired of doing little things for others… Because sometimes those little things occupy the Biggest part in their Heart.

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June2009

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June2009

think differently act perfectly - · pdf filethink differently act perfectly june ......

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