Chairman's Communique

CA. Raveendra S. Kore
  • Name:

    CA. Raveendra S. Kore

  • Contact:

    9902046884

  • Email Address:

    blrchairman@icai.org

My Dear Professional Colleagues,

Dear Professional Colleagues,

On 2nd October every year Gandhi Jayanti is observed as the day to honour the birthday of iconic front-runner the Father of the nation.  On this Special day, India celebrates its 151st birth anniversary of Mahatma Gandhi is a symbol of peace and truth. His most famous advice to all of us “Happiness is when what you think, what you say, and what you do are in harmony” which is relevant and relates to our professional lives.  During this on-going pandemic changed many facets of our lives, let’s not give way to any pressures and hardships, but we can turn challenges into opportunities to revive.    

Also, on 2nd October  Shri. Lal Bahadur Shastri the former Prime Minister was born and remembered through his slogan “Jai Jawan, Jai Kisan”, he united the nation in the time of war and strengthened the feeling of self-esteem, honour and respect among the people of the country.

Recently, the due date of filing GST Annual Return and GST audit for the year 2018-19 has been extended to 31st October 2020 and also Income Tax Return (ITR) filing deadline for the Assessment year 2019-20 has been extended to November 30, 2020.  

Launching of Self Service Portal (SSP)-Help Desk at Bengaluru Branch :

To support our Members & Students those who are facing problem in Self Service Portal (SSP) of ICAI, Bengaluru Branch thought to join the hands and launching the Helpdesk to resolve the problems of Members and Students in a smoother way.  Members & Students of Bengaluru Branch can visit Branch or call at Helpdesk No. 96069 13004 between 11.00 am & 5.00 pm on working days and avail the benefits of the extended service.

The month that was September 2020:

As per CPE Guidelines, Bengaluru Branch organized the following ten Virtual CPE Meetings covered a host of subjects and were well viewed by the members and eager to increase their professional updates to complete their CPE hours as well.

Sl. No.

Date

Topics

Speakers

No. of Members availed Structured CPE

1

09.09.2020

 

Taxation in the new normal – navigating taxes during Covid’19

CA. Pankil Sanghvi

564

2

10.09.2020

Case Studies in Forensic Audit

CA. Chetan Dalal, Mumbai

600

3

11.09.2020

 

Panel Discussion on Equalisation Levy – Concerns and Solutions

 

Panelists :

1. CA. Sachin Kumar B.P

2. CA. Narendra J Jain

3. Mr. Bharath Lakshminarayana

Moderator :

CA. Cotha S Srinivas

Past Chairman, SIRC of ICAI

556

4

16.09.2020

 

A Special Session on Co-operative Sector

1. Practical case studies in Gold Loan

2. Comparison between Two Co-operative Acts in Karnataka

 

 

1. CA. Umesh Bolmal, Belagavi

2. CA. Raveendranath B.V,  Sagar

547

5

17.09.2020

 

Company Audit 2019 -20 and Covid related Pronouncements of ICAI

 

CA. Jomon K George

Past Chairman, SIRC of ICAI

558

6

18.09.2020

 

Intellectual Property Rights

 

Shri. Hari Prasad M.S

Advocate

453


7

23.09.2020

 

1. Overview of RERA and Challenges including formation of RWA & Conveyance

2. Revival of Stalled projects through section7 & 8 of RERA including availability of Alternative Investment Fund (AIF)

1. CA. Ramesh S. Prabhu, Mumbai

2. CA. Amit Kumar Kedia, Jaipur

491

8

24.09.2020

 

Impact of Faceless Assessments including Role of CA’s

CA. H. Padamchand Khincha

764

9

25.09.2020

 

COMMON ERRORS (Statutory form and Accounting standards) In Presentation and Disclosures of Private Limited Companies

CA. N. Nityananda

Past Chairman of Bengaluru Branch

&

CA. Manohar P Gupta

600

10

30.09.2020

 

Recent technical developments in GSTN portal including E – Invoicing

 

CA. Annapurna D Kabra

&

Dr. B.V. Murali Krishna

Addl. Commissioner of Commercial Taxes (e-Governance)

Commercial Taxes Department, Bengaluru

606

 

I thank all the above expert and eminent Speakers who shared their expertise in the above said Jnana Dasoha – Virtual CPE Meetings.

I also thank Chief Guest, Shri. B.H. Krishna Reddy,  President and the Guest of Honour Shri. Sharanagounda G Patil, Managing Director, Karnataka State Souharda Federal Co-operative Limited for sharing their expertise in the Special Session on Co-operative Sector held on 16th September 2020 and also appreciated the Chartered Accountants role in the Co-operative Sector.

To achieve the objective of Jnana Dasoha a session on the impact of Faceless Assessments including Role of CA’s held on 24th September 2020. My sincere thanks to CA. H. Padamchand Khincha for sharing his rich knowledge on the above said topic is a remarkable session in this month. I also thank CA. N. Nityananda, Past Chairman of Bengaluru Branch & CA. Manohar P Gupta for sharing their expertise in the said Virtual CPE Meeting held on 25th September 2020.

Management Development Programs - XXIst Batch of Finance for Non Finance Executives:

In this ongoing global pandemic of coronavirus, Bengaluru Branch conducted balance three Virtual classes for the XXIst Batch of Finance for Non Finance Executives in the month of September and the same has been concluded in the first week of October 2020. We are planning to conduct more classes in due course of time.

As professionals, it is especially important to keep ourselves updated with all the changes in the legal, Tax Audit and professional environment. Knowledge update has become more critical with rapid changes. In order to assist the members in updating their knowledge and continue their professional education from the comfort and safety of their homes, Bengaluru Branch is organizing a series of the following Virtual CPE Meetings between 4.00 pm & 6.00 pm. The details of the Meetings are presented elsewhere in this Newsletter.

Important Announcement:

The Council of ICAI considering the request from Members at large has decided to extend the last date for payment of Membership / COP fee from 30th September, 2020 to 30th November, 2020.

Virtual Career Counselling:

It’s one of the agenda to conduct more career counselling programmes with the objective to cover at least 25000 students when I took over as Chairmanship of Bengaluru Branch, accordingly till March 2020 conducted career counselling programs and reached more than 5000 students before the pandemic in this calendar year.  Due to pandemic, we are not able to conduct the physical career counselling programs.   To motivate the students for CA’s aspirants, a first of its kind - now we have started conducting Virtual Career Counselling programs on 5th September 2020, the first program at Christ Academy and also at Sri Bhagawan Mahaveer Jain Evening College on 15th September 2020. We are also planning to conduct more Virtual Career Counselling programs in Government & Private Colleges to achieve the objective of motivating the students to join the CA Course.

In the month of September 2020, Revision Test Paper (RTP) - Virtual free classes conducted for the Intermediate students appearing November 2020 exams by SICASA and also planning to conduct for Final students in the month of October 2020.  

I would like to conclude with a message that let us look to the future with confidence and determination that we will overcome and take the profession to greater heights. Bengaluru Branch has always been there to support all Members and Students and we will continue to do that for the betterment of the fraternity as a whole.

Wish you all a very happy Vijaya Dashami & Eid-Milad.

Stay Safe and Healthy.

In service of the Profession,

CA. Raveendra S. Kore

Chairman

Bengaluru Branch of SIRC of ICAI