The Chamber News

Through this column, we communicate with you about, and keep you abreast with, the events and the happenings that take place at the CTC. The events that have taken place from the previous issue of the Income Tax Review up to 5th September, 2006, as also some of the important future events, are as hereunder –

1. Admission of New Members

The following are the new members who were admitted in the Managing Council Meeting held on August 18, 2006.

a)	Life Members
	1.	Shri Jain Vipinkumar J.
b)	Ordinary Members
	1.	Shri Lakshminarayanan K. L. Iyer
	2.	Shri Sampat Manish P.
	3.	Shri Gupta Kanwal N.
	4.	Smt Ajinkya Bijal T.
	5.	Shri Thakkar Narendra D.
	6.	Shri Thakkar Pradip K.
	7.	Smt Chheda Dimpal D.
	8.	Shri Khemka Vivek V.
	9.	Shri Kakwani Vijay G.
	10.	Shri Talati Rajat B.
c)	Associate Members
	1.	Panoramic Universal Ltd.

2. Past Events

1. Study Group Meeting

The Fourth Study Group Meeting for the year 2006-07 was held on August 17, 2006, where Shri Keshav Bhujle, Advocate, led the discussion on the Recent Case Laws. The meeting was very well attended.

2. Study Circle Meeting

The Fourth Study Circle Meeting for the year 2006-07 was held on August 24, 2006 on the subject, “Certain important aspects of Section 14A, Explanation to Sections 37(1) and 40(a)(ia)”, where Shri Subhash Shetty, Advocate, chaired the meeting and CA.. Paresh Shaparia led the discussion. The meeting was very well attended.

3. Future Events

1. Full Day Seminar on “Fringe Benefit Tax – Legal & Audit Aspects”

The Direct Taxes Committee jointly with Bombay Chartered Accountants’ Society has organised Full Day Seminar on “Fringe Benefit Tax – Legal & Audit Aspects” on Saturday, September 9, 2006. For details, please refer September, 2006 issue of CITC News.

2. Indirect Taxes Study Circle Meeting

The Indirect Taxes Committee has organised Study Circle Meeting on Tuesday, September 12, 2006 from 6.00 p.m. to 8.00 p.m. at SNDT Conference Room, Ground Floor, New Marine Lines, Mumbai - 400 020. Other details are as follows:

Subject	:	Import & Export of Services under Service Tax
Chairman	:	Shri Vipin Jain, Advocate
Group Leader	:	Shri Sunil M. Lala, Advocate

3. Half Day Seminar on Tax Audit

The Direct Taxes Committee along with Study Circle & Study Group Committee has organised a Half Day Seminar on “Tax Audit” on Thursday, September 21, 2006. For details, please refer September, 2006 issue of CITC News.

4. Study Group Meeting

The Study Circle & Study Group Committee has organised fifth Study Group Meeting for the year 2006-07 on Monday, September 25, 2006. For details please refer September, 2006 issue of CITC News.

5. Seminar on Co-operative Housing Societies

The Allied Laws Committee and Direct Taxes Committee jointly with All India Federation of Tax Practitioners (Western Zone) have organised a seminar on the Law Relating to Co-operative Societies and their governance on Saturday, November 11, 2006. The details will be announced later.

6. Orientation Course on International Taxation

The Study Circle & Study Group Committee has proposed to conduct an Orientation Course on “International Taxation”. It is also proposed to convert it into a regular Study Circle Meeting on International Taxation. The Committee has invited members to enrol for the Course. For full details, please refer September, 2006 issue of the CITC News.