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)

20170322 – FB Posts as Pictures

22-Mar-2017 | 09:32 Hours IST 

20170320 – Picture Quotes


20-Mar-2017 | 21:07 Hours IST

PayTM – 9998090111

11-Mar-2017 | 09:46 Hours IST

Last Date for Advance Tax

Last date for Advance Tax @100% : 15th March ‘2017; Please Rush due to Holi

Liability to pay advance tax:
Every person whose estimated Income Tax   liability for the year is Rs. 10,000 or more ,shall pay in advance, in the form of Advance Tax.

Individual of the age of 60 years or above, not having any income from business or profession are not liable to pay Advance Tax.

       Due Date.   Rate.     C.Rates

1) 15th June    15%        15%

2} 15th Sep.      30%        45%

3}  15th Dec.     30%        75%

4}  15th Mar.     25%        100%

  • It includes Ind. & Huf

Assessees covered u/s 44AD are to pay advance tax in one installment on or before 15th March.

(Courtesy: CA Nandkishor Sharma, Jaipur – via WhatsApp)
08-Mar-2017 | 08:36 Hours IST 

Cryptocurrency  Bitcoin more valuable than gold

Astonishing as it may sound, virtual currency, or cryptocurrency suddenly surged past the price of an ounce of gold on Friday, where Bitcoin was being traded for $1292.7 at 7:03 am in New York, while an ounce of gold was being traded at $1226.9. The surge is reportedly attributed to tighter currency restrictions in China, India and Venezuela and partly due to speculations over prospects under the Trump administration.


wp-image-1823322744jpg.jpgCA Vikram S. Mathur
04-Mar-2017 | 08:39 Hours IST