Dear Professional Colleagues

Wish you all Happy Teachers Day

All the members are in practice are teachers for their articles. I salute all the principals who are training their articles in a best possible manner, it is a great contribution to the profession and Institute as a whole. Articles are the brand ambassadors of our profession, we need to make them equip with requisite skill set to face the challenges of the world.

First of all, I thank all the members those who actively participated in our 18^th State level conference. This year conference was special for various reasons because we hosted the conference jointly with seven other branches after a gap of three years as you all know due to Covid Pandemic, our Beloved President Dr. CA Debasis Mitra had graced the occasion and addressed our members, we hosted conference at new, spacious, convenient venue for the first time and well received by the members. If participants feel happy participating in our conference, it is the biggest gift to Chairman and committee members for their efforts in hosting such a mega event, we hope that we have achieved the same based on the feedback of members.

This month being the hectic month for those members who are practicing in Direct Taxes, reason being the Tax Audit season. The month long race will end on 30^th September. Each year is a new year to members because there will be a lot of changes in Tax Audit report every year, members are need to abreast with latest changes, accept the challenge and complete the season with a smiling face. Hope members are geared up for the season. Following are some of my few humble suggestions:

Put systems in place and work methodically.

Tax Audit season may come and go, but not your health, so upkeep your health

Serve the client and government but not beyond your capacity

Protect both Country and Client within the permissible limits of law

Collect all supporting documents, MR’s and very importantly your fees.

Train article as well as your clients too

Enjoy your profession, keep smiling always, and think with cool head.

Use technology extensively, but never forget to use your basic analytical skill before signing off.

The memorable events of August month

On 3^rd we had an interesting program on Section 194R on Income Tax Act & GST complications handled by CA. Narendra J Jain & CA. Hanish S on 3^rd August.

On 24^th August we had a program on Future of Audit by CA. Padmanabha Acharya, Past Chairman – Abu Dhabi, Chapter of ICAI.

CA.K. Vishwanath, Past Chairman – SIRC of ICAI hoisted the flag on 15^th August on the occasion “Azadi ka Amrit Mahotsav” 75^th Independence Day Celebrations at Vasanthnagar Branch Premises, and gave his informative address, filled with rich experience, which was an inspiration and motivation to all of us.

Apart from the above said regular study circle meets and other activities, the 18^th Karnataka State Level CAs’ Conference with the theme “Jnana Sangama” held on 19^th & 20^th August 2022 at Anantya Palace Grounds, Jayamahal, hosted by Bengaluru Branch of SIRC of ICAI jointly organized by Belagavi, Ballari, Hubballi, Kalaburgi, Mangaluru, Mysuru & Udupi Branches of SIRC of ICAI stands out as a memorable event and was well appreciated by all the participants for its focus on knowledge enrichment on handpicked topics. More than 1,000 Members participated in the event. I thank President of ICAI, CA. (Dr.) Debashis Mitra, and CA. China Masthan Talakayala, Chairman – SIRC of ICAI. Also, I thank all the knowledge drivers of this conference viz. the Speakers, the Conference Convenors, Managing Committee Members of all branches of Karnataka, the Sponsors, the Delegates and all Contributors who made this conference a remarkable event of our tenure after a gap of three years due to Pandamic.

Upcoming Programs for the month of September

On 3rd September : One Day Seminar on ICDS and Tax Audit is being organized at Vasanthnagar Branch in Physical & Virtual mode.

On 7^th September : Guidance Note on Accounting for Share based Payments (Revised 2020) by
CA Suraj Palled, is being organized at Vasanthnagar Branch in Physical & Virtual mode.

On 14th September: Program on Introduction to ESG by CA Praveen is being organized at Vasanthnagar Branch in Physical & Virtual mode.

On 21^th September : Important observations, qualifications & Disclaimers to be reported in tax audit report, is being organized at Vasanthnagar Branch in Physical & Virtual mode.

On 28^th September: E-filing during MCA digital transformation from V2 to V3 and Way forward, is being organized at Vasanthnagar Branch in Physical & Virtual mode.

The details of the programs are mentioned in our Calendar of events in this newsletter for your reference.

Endeavour to Evolve
Engage to Excel

CA Srinivasa. T

Chairman

Bengaluru Branch of SIRC of ICAI