Wednesday, January 30, 2013

Re: [aaykarbhavan] E-News letter from the desktop of CA Nitin Pathak: Ahmedababd




Where is attachment?
On Wed, Jan 30, 2013 at 2:20 PM, Nikhil Patel <nikhilmumbai@gmail.com> wrote:
 

Dear Sir,
 
No attachment found.
Pl resend with attachment.
 
Regards
 
Nikhil

On 29 January 2013 17:06, CA NITIN PATHAK <nitinmpathak@yahoo.com> wrote:
 

From the desktop of CA Nitin Pathak:
 Let me start sharing through the e-news letter certain   information of professional importance coupled with other essential information. The same will be indexed & numbered qua e-news letter, so that it can be stored & used as and when required. On the basis of feedback the same will be improved upon its content as well as quality, as a continuous e-news letter series.
                          Index of content


    PARTICULARS
 

 
From the desktop of CA Nitin Pathak , Ahmedabad
 
3-5
 
 
SECTION 37/BUSINESS EXPENSES
BY CA KAPIL GOEL,NEW DEHLI , ADVOCATE
 
 
6-47
 
Excerpts of Specified Domestic Transactions -Transfer Pricing –FINANCE ACT,2012
 
 
48-52
 
WORKS CONTRACT AS PER SERVICE TAX –FINANCE ACT,2012 BY CA ROHAN THAKKAR
 
53-65
 
TOP 10 JUDGEMENTS -2012
 
 
66-76
























 I attended an international conference of ICAI held in Mumbai on 23th-25th December. There were many stalwarts from professionals, industry, bureaucrat, government, international bodies, etc. The sum & substance of their view point was that world is changing at a rapid pace. India shining & growth is almost certain. The areas of practice is diverse & likely to change fast in the arena of fast growing social media, interwoven world economy with all parts of world & wanting greater transparency &  . The P/E (Performance/Expectation) ratio is constantly changing qua increase in expectation. The performance needs to be enhanced, to keep P/E ratio above one. The professional is continuously judged by the stakeholders & a competition from other professionals to grab the opportunity. We are not only affected with in the country but outside country too from the economic as well as allied factors.
    Only way to be successful is through performance. Performance is through enhancing the quality as well as quantity of deliverable, which must be reliable, relevant & timely too. How to be effective in deliverable is the answer with which one must learn to live with? Focus on deliverables. In the end performance speaks. The answer is work on will, skill & information continuously.
 First is to believe on our self. The same is aptly reflected in well known poem, whose author expressed a great psychological truth tells:
If you think you are beaten, you are:
  If you think you dare not, you do not;
If you like to win, but you think can not,
It is almost certain you won't.
If you think you will lose, you have lost,
For out of the world we find
Success begin with fellow's will-
It is all in the state of mind.
If you think you are outclassed, you are-
You have got to think high to rise.
You have got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man:
But soon or late the man who wins
Is the man who thinks he can
(The above reading more than once will allow you to create a will within)
What skill needs to be developed can be enhanced through following:
 "In every soul there has been deposited the seed of a great future, but that seed will never germinate, much less grow to maturity, except through the rendering of useful service"
(The above reading will take you to a skill which will allow you to float with challenging of dynamic world easily & effortlessly)
Your passion to provide useful service will allow you to grow, as can be seen that Mumbai girl belongs to poor family can secured 1st rank of coveted institute like ICAI, than for anyone to excel in work area is a possibility. But here what requires belief as provided in above poem, than continues soul searching exercise through rendering useful services will allow you to be in coveted position in the profession.
  Opportunities in the present arena are plenty. Information is myriad. The context for which you want information may sail through. Once the content is found for the context the essence/substance may use appropriately. Too much information spoils the work. Let information may not be allowed to bog down you.
(Information explosion & SWOT)
Let me conclude by saying that opportunity is plenty in ever changing & expanding demands from stakeholders, information activist. This applies irrespective of place, position & age of professional. Only way to sustain is to stay alive & aware in profession through skill development, will, perseverance, endurance, commitment. Be conscious about information, but not allow information to overwhelm you & organization.
Wishing you & your family a happy & prosperous year 2013.
With love & regards,
 
CA Nitin Pathak

Those who are not interested in receiving the mail can e-mail us : nitinmpathak@yahoo.com
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 We are not certifying or checking the veracity of the facts, you are required to consult the expert or take your own judgment, we are not in any way responsible for the same.
Your suggestion is welcome to increase the utility of this E-Newsletter through change in content or otherwise.


Regards,

Nitin M.Pathak
 

_________________________________________________________________________
 
B.Com., LL.B., F.C.A., D.I.S.A.(I.C.A), D.I.R.M. (I.C.A.),
 C.I.S.M.,C.I.S.S.P., SAP-FICO (CERTIFIED)
N.M.PATHAK & Co.
Chartered Accountants
34, Swastik Chambers,
Ahmedabad -380014 
Ph : 079-27541633,079-27540191 
M -: +91-9825804094






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