Vinod Khanna Passes Away on April 27th, 2017 at 11:20 AM (Approx)

An Ode To An Indian Greek God

The Superstar who have it all up.. .

Bollywood yesterday lost another charismatic legend in the form of Vinod Khanna, the Indian Greek God, as he will always be remembered as. On April 27th, 2017 at approximately 11:20 Hours IST, he graciously gave in to his battle with bladder cancer. Rishi Kapoor, Jackie Shroff, Amitabh Bachchan were among the galaxy of stars that attended his last rites yesterday. Check out Ahmedabad Mirror on Page 22-23 today’s edition if you want it as a collector’s piece on perhaps the last article on this legendary superstar, who gave it all up on his own, yet lived a life of dignity. Cheers!!

28-Apr-2017 | 09:39 Hours IST | #SGJ7

Awesome! 3133 Friends!!

3133 Friends for my personal profile equalling exactly the number of likes for my page:

20-Apr-2017 | 19:21 Hours IST

Initials, punctuation on PAN Card make linking with Aadhaar a pain 

Pankaj Dharamshi, a CA in Bengaluru said “the government should form a special cell. Many of my clients have been having PAN cards for 15-25 years. Now getting a new PAN Card and updating all other documents would be impossible. It’s better to correct the details in the Aadhaar database. (Times of India, 6th April, 2017 )

New Income-Tax Structure w.e.f. 01-Apr-2017

New Income-Tax Structure w.e.f. 01-Apr-2017



Recent Decisions of Ethical Standards Board:

1) A “CA” in practice cannot be the Financial Advisors for Financial Institutions such as Insurance Companies, NBFCs etc.

2) A ‘CA’ cannot exercise lien over the client documents/records for non-payment of his fees.

3) It is not permissible for CA Firm to print its vision and values behind the visiting cards.

4) It is not permissible for chartered accountants in practice to take agencies of UTI, GIC or NSDL.

5) A member in practice cannot hold Customs Brokers Licence under section 146 of the Customs Act, 1962

6) A ‘CA’ who is the statutory auditor of a bank cannot accept stock audit of same/other branches of the that bank for that F.Y.

7) A CA Firm appointed as the internal auditor of a PF Trust by a Government Company cannot be appointed as its Statutory Auditor.

8) A concurrent auditor of a bank ‘X’ cannot be appointed as statutory auditor of bank ‘Y’, which is sponsored by ‘X’.

9) Permitting the use of firm name BY CLIENT, mentioning the firm as a “Knowledge Partner” or in the “Thank You” advertisement, is not permissible. 

10) A statutory auditor and tax auditor cannot be valuer of the unquoted equity shares as it would create threats to independence of the auditor.

11) The use of banner with name of CA firm is not permissible.

1) It is permissible for a member in practice to be a settler of a trust.

2) A Chartered accountant in service may appear as tax representative before tax authorities on behalf of his employer, but not on behalf of other employees of Employer.

3) Quick Response Code (QR Code) may be printed on the visiting Card by a member in practice. (It should not contain information that is not permissible to be printed on a visiting Card)

4) A CA/CA Firm can act as the internal auditor of a company & statutory auditor of its employees PF Fund under the new Companies Act (2013

5) Mentioning the firm as a “Knowledge Partner” or in the “Thank You” advertisement, is not permissible, but Individual name with prefix CA can be mentioned.

(Credit: CA Prabhavati on #Facebook).

CA Vikram S. Mathur (@10:43 Hours IST – 01-Apr-2017)