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 President's Message - September 2017
 President's Message - September 2017

Invitation for Empanelment as a Faculty for Workshops on Income Computation and Disclosure Standards (ICDS) to be organized by the Direct Taxes Committee of ICAI
April, 13th 2016

We wish to inform you that Direct Taxes Committee is one of the most important non standing Committee of ICAI. The main function of the Direct Taxes Committee is to examine the direct tax laws, rules, regulations, circulars, notifications, etc., which may be enacted or issued by the Government from time to time and to send suitable memoranda containing suggestions for improvements in the respective legislation. The Committee also organizes seminars/workshops across India on various topics of Professional Interest to build capacity of members so as to enable them to perform their duties towards stakeholders with diligence and expected level of technical competence.



As you are kindly aware that the Central Government has, in exercise of the powers conferred under section 145(2), notified ten Income Computation and Disclosure Standards (ICDSs) to be followed by all assessees irrespective of legal status, following the mercantile system of accounting, for the purposes of computation of income chargeable to income-tax under the head “Profit and gains of business or profession” or “Income from other sources” vide notification no. 32 dated 31.3.2015. The notification shall come into force with effect from 1st April, 2015, and shall accordingly apply to the A.Y. 2016-17 and subsequent assessment years.



Keeping in view the need of the hour and to augment the knowledge of its members, the Committee has planned to organize various workshops all over India on the ICDS notified by the CBDT. For the said purpose, the Committee is in the process of finalizing a panel of experts to act as faculty for taking technical sessions on the various ICDS across the country. The persons who have an in-depthknowledge on the subject and who have delivered lectures at various forums are eligible for the Panel of Experts.

In this regard, may we request you to consider expressing your interest to contribute as a faculty in various workshops on ICDS. We look forward to your active participation in this initiative and will be happy to provide all support and co-operation in this respect. 

Interested applicants may share their details on the following link: 

https://docs.google.com/forms/d/1SbY3dAXplj6JHTHHIukBi-mWpxU009QsAM5Lcs9OW4s/viewform 

We hope to associate in large number so as to benefit our profession in a better way. 

Regards,

CA. Naveen N.D Gupta
Chairman, Direct Taxes Committee of ICAI
 
 
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