Chairman's Communique

CA. Raveendra S. Kore
  • Name:

    CA. Raveendra S. Kore

  • Contact:

    9902046884

  • Email Address:

    blrchairman@icai.org

My Dear Professional Colleagues,


It’s a fresh start....2021.  On this New Year, I wish all the Chartered Accountant Members lots of joy. 2020 has been an extraordinary year and I am very grateful to say that Bengaluru Branch conducted Jnana Dasoha – Virtual CPE Meetings on topics of professional interest safeguarding the interest of our profession in the year 2020 with the wonderful support of my colleagues in the Managing Committee, staff at ICAI and all my professional friends. Cheers to New beginnings! I wish you a happy and healthy New Year!

In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of Covid -19, the Government further extends the dates for various compliances.

Sl. No.

Return Filings

Due Date

1

Income Tax Returns for Non Tax Audit Assesses

10th January 2021

2

Tax Audit Report

15th January 2021

3

Vivad Se Viswas

31st January 2021

4

Income Tax Returns for Tax Audit Assesses

15th February 2021

5

GST Annual Returns for
FY 2019 - 20

28th February 2021

 

New Parliament Building at New Delhi : Hon’ble Prime Minister of India, Shri. Narendra Modi laid the new Foundation Stone of the new Parliament Building at Delhi on 10th December 2020. After laying the foundation for the new Parliament Building, Hon’ble Prime Minister Shri Narendra Modi shared in his speech about Magna Carta which was charted in the 13th century. But it is true in history that in the 12th century Anubhava Mantapa was the First Parliament of Democracy in India established by Lord Basaweshwara, saint & poet in the State of Karnataka where they have given justice to Women, Dalits, Shudras etc – all were one and they were all classless.   We Chartered Accountants are proud to know that Anubhava Mantapa was established in Karnataka and also proud to be the Members of this state where Lord Basaweshwara established Anubhava Mantapa – the First Parliament as said by our beloved Hon’ble Prime Minister, Shri. Narendra Modi.

The month that was December 2020 :

Bengaluru Branch organized a number of Jnana Dasoha Virtual CPE Meetings to provide the members with the right acumen in terms of knowledge and guide them adequately to deal with the ever changing legislative scenario. The following are the various Virtual CPE Meetings were organized for the benefit of Members.

Sl. No.

Date

Topics

Speakers

No. of Members availed Structured CPE

1

02.12.2020

Two Day’s Virtual CPE Meeting on 2nd & 3rd December 2020 organized under the aegis of Digital Accounting and Assurance Board

Hosted by : Bengaluru Branch of SIRC of ICAI

Topic : Modernizing your CA practice with Digital and RPA

Chief Guest
CA. Dayaniwas Sharma
Central Council Member - ICAI
Vice Chairman – Digital Accounting and Assurance Board

CA. Saurabh Goenka

441

2

03.12.2020

Tally Prime for Professionals

CA. Punit Mehta, Mumbai

402

3

04.12.2020

The QRMP Scheme under GST for GSTR -1 and GSTR – 3B

CA. Annapurna Srikanth

436

4

07.12.2020

A Special Session on Practical Issues on Vivad se Vishwas Scheme 2020

Mrs. Shubhashree Ananth Krishnan, CCIT
Sri. Valluri Srinivas,
DGIT (INV)
Sri. Ramesh Narrain Parbhat,
PR. CIT ( C )
Sri. Goli Srinivas Rao,
PR. CIT,  BNG - 1
Sri. Rathinasamy M,
PR. CIT, BNG -2
Sri. Zakir T. Thomas,
PR. CIT, BNG -3
Sri. Sanjay Kumar,
CIT, TDS
Mrs. Vandana Sagar,
CIT, (International Taxation)
Co-ordinator :
CA. Naveen Khariwal G

461

5

15.12.2020

Recent Amendments in FCRA

CA. Rahul Vasudev

490

6

16.12.2020

GST & Critical Issues

Shri. Shailesh Sheth
Advocate, Mumbai

572

7

22.12.2020

Professional Opportunities for Financing Options for MSMEs & Startups

CA. S.S. Nayak
Chairman, Mangaluru Branch of SIRC of ICAI

349

8

23.12.2020

Two Day’s Women CAs Conference on 23rd & 24th December

Day -1

Chief Guest :
Smt. Dr. Tejaswini Ananth Kumar
Chairperson – Adamya Chetana Foundation
Vice President, BJP, Karnataka

Guest of Honour :

CA. Anbu Mohan
Advisory Committee
Melbourne Chapter of ICAI, Australia
Immediate Past Chairperson
Melbourne Chapter of ICAI, Australia

Speakers :

CA.  Archana Jain, Delhi

CA. Sarika Jain, I.R.S
Mumbai

418

9

23.12.2020

Day – 2 Women CAs Conference

Panelists :

1. CA. Ashwini Sawrikar
Immediate Past Chairperson - Muscat Chapter of ICAI

2. CA. Riya Bhansali
Joint Secretary - Bahrain Chapter of ICAI

3. CA. Rupalakshmi Setty
Past Chairperson - Doha Chapter of ICAI

4. CA. Sangeetha Nahar
Executive Member – ICAI Dubai Chapter, Dubai, U.A.E

Moderator :
CA. Roopa Venkatesh

318

 

 

 

Speakers :

CA. Sandhya P Nagar &
CA. Sanjana Hegde

CA. Priya Goel – Financial Advisor, CIBC, Canada

Ms. Deepika Singh – Chugh, LLP Executive Director, USA

 

10

30.12.2020

Code of Ethics

CA. Jagjeet Singh Jags & CA. Dheeraj Sharma

273

 

I thank CA. Dayaniwas Sharma, Central Council Member – ICAI, Vice Chairman – Digital Accounting and Assurance Board for being the Chief Guest in Two Day’s Virtual CPE Meeting on 2nd December 2020 organized under the aegis of Digital Accounting and Assurance Board, hosted by Bengaluru Branch of SIRC of ICAI.  Chief Guest complimented Bengaluru Branch for conducting its 86th Virtual CPE Meeting which is very astonishing, impressive and also amazingly with the right Speakers to reach out to the Members effectively in the right direction. He also appreciated the Speaker, CA. Saurabh Goenka on Modernizing CA practice with Digital and RPA.

To commemorate International Women’s Day on 8th March, Bengaluru Branch organized Jnana Dasoha - Women Chartered Accountant’s Conference on Wednesday, 23rd December and Thursday, 24th December 2020 between 4.00 pm & 7.00 pm.

I thank Smt. Dr. Tejaswini Ananth Kumar, Chairperson – Adamya Chetana Foundation, Vice President, BJP Karnataka – a true multi-faceted personality, Engineer, Scientist by profession activist and CA. Anbu Mohan, Advisory Committee – Melbourne Chapter of ICAI, Australia, Immediate Past Chairperson – Melbourne Chapter of ICAI, Australia for being the Chief Guest and Guest of Honour.

Chief Guest appreciated Dhwani a wonderful name and the concept of Jnana Dasoha, Sharing of Knowledge without expecting anything and contributing in a big way.  Guest of Honour shared a source of information and inspiration to all Women CA Members on the Professional Opportunities in Australia.

For the first time in the above virtual Two Day’s Women Conference, Men also viewed and I thank all Men CAs for supporting and participating in this Women CA Conference.

I thank all the experts and eminent speakers from India and abroad who shared their expertise in these Two Day’s Women CAs Conference and a remarkable meeting in this month. I also thank CA. Geetha A.B, Treasurer – SIRC of ICAI for co-ordinating and planning the Conference.

In order to facilitate the members in discharging their professional duties in a better and effective manner A Special Session – Jnana Dasoha Virtual CPE Meeting organized by the Bengaluru Branch on Monday, 7th December 2020 between 4.00 pm & 6.00 pm.  I thank all the eight Income Tax Department Officers for addressing on Practical Issues on Vivad se Vishwas Scheme 2020. I also thank CA. Naveen G Khariwal for being the Program Co-ordinator in the above said Special Session.

I would like to extend my heartfelt gratitude towards each of the esteemed Speakers who shared their expertise for taking time out from their hectic schedules and for their scrupulous deliberations on the topics in enhancing the knowledge to the Members in the above Jnana Dasoha – Virtual CPE Meetings.

Extension of Due Date for completing CPE Hours : ICAI has recently announced that the due date for completing the required CPE hours for the Calendar Year 2020 either in physical / offline mode or in virtual mode though VCM / DLHs  extended from 31st December 2020 to 31st January 2021.

Bengaluru Branch is organizing a series of Jnana Dasoha – Virtual CPE Meetings in the month of January 2021 between 4.00 pm & 6.00 pm on Investor Awareness, Navigating The Future - Young Members Mentorship Program, Valuation, Code of Ethics, GST Audit and New Professional Opportunities – Benefits available under Foreign Trade Policy & other Schemes. The details of these Meetings are presented elsewhere in this Newsletter.

100th JNANA DASOHA : ASHTAVARNA - the 17th Karnataka State Level Conference (Virtual) is being hosted by Bengaluru Branch of SIRC of ICAI and jointly organized by Belagavi, Ballari, Hubballi, Kalaburgi, Mangaluru, Mysuru and Udupi Branches of ICAI in Karnataka. The said Mega event is on Friday, 22nd January and Saturday, 23rd January 2021. 

This State Level Conference is an endeavour to enable professionals maintain and develop competencies, enhance their knowledge, expertise, skill sets for further excelling in their profession. The Conference has been intricately designed to provide an insight on the recent happenings in the professional arena coupled with objective of smart learning. Expert speakers from all across the country shall share their experiences on the various topics of the CA Profession. The technical sessions in the conference would deal with the practical and contemporary issues and I am confident that the participants shall witness a fruitful, enlightening and educative experience by joining this momentous occasion. Details are presented elsewhere in this Newsletter. On behalf of the Bengaluru Branch, I request whole heartedly all the members to register for this Conference.

Cricket :  Any physical activity, such as sports has the power to inspire and unite people. On the occasion of 72nd Republic Day Celebration, Bengaluru Branch is organizing Cricket Tournament for our Chartered Accountant Members on Saturday, 9th January 2021 at BiCC Infinity, Giddenahalli gadi, attached to Arkavathi river bridge, Honnagnatti busstand, Magadi Main Road, Bengaluru – 562 162. Details of the same are presented elsewhere in this Newsletter.

Virtual Career Counselling Program : To reach more number of students and to achieve the objective motivating the students to join the CA Course, Bengaluru Branch organized Virtual Career Counselling programs in the month of December 2020 at twenty four Colleges in various parts of the city for the benefit of Students. 1692 number of students motivated in the above said Career Counselling program. I thank all the Resource persons for motivating the students to join the course.

A Management Development Programme :

In continuation of my previous month’s communique, Bengaluru Branch concluded its Five Batches of Virtual Training program for Finance Executives of M/s. Bharat Electronics Limited on 26th December 2020. I thank all the expert & eminent Speakers for sharing their expertise in this Virtual Training program.

I would like to conclude with a Message that the pandemic has changed the way in which the business operates. There has been a sudden upsurge in the use of virtual platforms for everything and any work. Our Chartered Accountants fraternity have been no less in adapting and surfing through this new normal using new techniques and to support the nation during these difficult times. 

I wish you all a very happy Makara Sankranti and 72 nd Republic Day !

In Service of the Profession,

 

CA. Raveendra S. Kore
Chairman
Bengaluru Branch of SIRC of ICAI