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PREFACE

Dear Colleagues,

The 2009-2010 WIRC Reference Manual is like a work of art, complete in every sense of the word. It is with great pleasure that I present this Reference Manual to our members.

We have observed that this year has seen more changes, which have influenced us all. The Diamond Jubilee Celebrations brought out dynamism and enthusiasm in all our members and gave us an insight into the future. At the same time our work and profession is garnering more respect day by day. Government and other Regulators have started expecting us to provide them with practical suggestions on how to better serve the common man. On the top of it due to tireless efforts of our Peers, Indian Chartered Accountants are respected globally, giving us more opportunities.

It now behoves us to ensure that we remain at the forefront of our industry. The changing global scenario has cast responsibility on us to take steps to ensure timely compliance and good governance in all our transactions. To do that we ourselves have to be ready with a strong and relevant resource, a knowledgebase which can be easily accessed whenever required. I am proud to say that this Reference Manual is that relevant resource and knowledge base.

This year the delayed pronouncement of Union Budget had posed great challenge before us to bring this Reference Manual in time. However, I am extremely happy that my entire team has taken this challenge positively and saw to it that the Reference Manual is ready before the target date. I would like to take this opportunity and extend my heartfelt gratitude to, the entire Research & Publications Committee, more particularly the Convenor of the Committee CA. Durgesh Kabra my other colleagues in the Regional Council CA. N. C. Hegde, CA. Raju Shah, CA. Shardul Shah, CA. Sanjeev Lalan and Central Council Members CA. Atul Bheda and CA. Sanjeev Maheshwari for their aid in bringing this manual to life. I would also like to give due credit for the tremendous efforts put in by CA. Jayesh Shah, CA. Vilas Karpe, CA. Kishore Joshi, CA. Rajeev Shah, CA. Vikas Vishwasrao and CA. Jitendra Shah sacrificing their profession at times, for compilation of this Manual.

Above all, I laud the efforts made by all our contributors who generously donated their most valuable commodity/time, while at the same time imparting to us the wisdom of their years of experience in the most lucid and clear manner. The CD that comes with this Manual will also be a handy pocket reference.

I am sure that this Manual will be a great aid in your professional life and will help you serve others better. Your valuable suggestions will motivate us all to take this premium Publication of WIRC to newer heights.


CA. Mangesh Kinare
Chairman, The Research & Publications Committee

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