Chairman's Communique September - 2014

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Chairman's Communique . . .


Dear Professional Colleagues,

Sri. Narendra Modiji, The Hon'ble Prime Minister  of our great nation, in his Independence day address to the nation, redefined  swadeshi.

“MAKE IN INDIA and MADE IN INDIA, and sell to the world, set the right tempo, there is a need for global collaboration and re-alignment of our portfolio of economic sectors by increase in manufacturing.” Infact it is a whole hearted invite from Hon'ble PM to all the Global entrepreneurs to make India a manufacturing hub.

We CAs, who play pivotal role,  in national building  should  contribute to materialise, our Hon'ble PM's dream to make India a manufacturing hub.

We are aware; September is a very busy and demanding month, as far as, we CA's whether in Practice or in Service are concerned.

We are considered as the custodians of the financial health of the Nation and guardians of National economy. Hence, we have designed few important programs in addition to study circle meeting for the busy months of September and October 2014, as we have to cope up with the amendments in various fields of practice and service to discharge our duties and responsibilities which we have shouldered most diligently.

Month to remember - August 2014

Investor Awareness Programme, which was conducted at the branch on 1st August 2014 was well received by the members and general public.

Seminar on Professional Opportunities and Recent Developments in Co-operative Sector and Changing Paradigm of NPOs was a grand success, which was conducted with the support of CA. Rajkumar Adukia, Chairman for Co-operatives and NPO Sectors, ICAI,

Dr. N.S Channappa Gowda, IAS, the chief guest of the seminar gave a brief about the new professional opportunities for CAs in co-operative sector.

On 15st August 2014, Independence Day was celebrated in a most befitting manner.

On 16th August, one day Seminar on Tax Audit exclusively for students, being organised by SICASA, Bangalore Branch was a grand success. I appreciate CA. Shravan Guduthur, Chairman, SICASA of Bangalore Branch, for having put in all efforts in organizing the said seminar and the cultural programs for CA students, which was a grand success.

Interactive Session with CPC officials:

The interactive session with Sri R.K. Mishra, CPC (Income Tax commissioner) and his team officials was of immense value to our Members, who had participated.

Two Day National Conference on Indirect Tax, was  well attended by members and has knowledge feast for the members, who are involved in the area of Service Tax, under the able guidance of CA. Atul Kumar Gupta, Chairman, IDT Committee, ICAI, I sincerely thank  CA. Badrinath NR  for accepting our invite as co-ordinator for the above said conference.

The Months ahead : Few significant programmes:

One day awareness programme on Financial Reporting Practices, is being conducted at the Branch on 6th September to enhance the knowledge of CAs in preparing the Financial Statements and to comply with GAAP and disclosure requirements and with the reporting obligations of the auditor. Members are requested to participate in large numbers and make use of this awareness programme.

Clause by Clause Analysis:

Keeping in mind the importance of Tax Audit, a panel discussion on clause by clause and an analysis of revised form 3CA, 3CB & 3 CD with specific emphasis on new changes, issues and additional responsibility on CAs arising out of revised tax audit reporting is being organised on 6th September from 10 am to 6 pm. Members are requested to attend the said programme and derive maximum benefit.

Seminar on Companies Act and National conference on International Taxation:

On 17th & 18th October 2014, we have planned to organize a Seminar on Companies Act and on 7th & 8th November 2014, a National Conference on International Taxation, the details of which will reach you very shortly.

Second Residential Seminar on International Taxation is being organised by SIRC from 31st October to 2nd November 2014. The details are published elsewhere in this newsletter.

While discharging our professional responsibilities on one hand, we should also be aware of the work life balance especially in this busy month of Tax Audit.

Wishing you all the very best.

CA. Babu K Thevar