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E-Newsletter August-2020

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E-Newsletter August-2020 OF SOUTHERN INDIA REGIONAL COUNCIL (SIRC) OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI) August 2021 Vol: 6 Issue No: 124 Ernakulam Branch of SIRC of ICAI e-NEWSLETTER MessageChairman’s Beloved Members, I wish to start my communique by placing on record my deepest gratefulness for your extraordinary support, guidance and blessings as we complete 6 months of the term 2021-22. The journey so far has truly been a boundless learning and most importantly a really satisfying one. I hope and pray that I meet your expectations or at least reach half the benchmark set by my honorable forerunners. I humbly request for your continued in plan for the month such as financial literacy programmes, support, feedback and guidance so as to work better for our career counseling sessions, faculty development workshops for fraternity. college teachers, etc., apart from Independence Day and Onam celebrations. The recent notification regarding Multi-Disciplinary Firms on 8th July, 2021 could be a game changer to the profession as the I am sure the tax audit season is keeping you busy and hectic but reach, visibility and opportunity of our vocation widens multifold I wish to remind you to stay safe from the pandemic as the covid as we partner with the right and permitted experts. This I am sure cases are heaving in the State especially in Ernakulam District. would help the members to serve in a wider scope beyond the We would be arranging the second dose of vaccines for the ones traditional audit and tax practice. I feel it is a very welcome move who took in May. We shall soon be sending out the details. Safety by our Institute. and health have remained our priority. July month was a crazy run for us at the committee with loads of As we celebrate our 75th Independence Day, it is also a reminder technical and non-technical activities. The CA Day celebrations to our responsibility towards this Nation in our capacity as in the virtual presence of Padmashri Sri. M.A Yusuff Ali was Chartered Accountants and thereby upholding the morals and very thrilling along with the games and cultural activities by integrity of our profession and most importantly of this Nation. members and family. The CA month began with some noble These challenging times would pass and the glory of our nation CSR interventions for the poor and needy by distributing food and profession would continue to surge ahead and sail high. kits, distributing mobile tablets to the needy children, etc., by the Before I conclude, let me take this opportunity to wish my fellow branch. The 50 mobile phones were distributed in the presence members and family a very happy and prosperous Onam. May of four MLAs in Ernakulam District. On the technical front, we the bright colors of Pookalam and sweetness of the lovely could also successfully complete another 25 hours of CPE in July Payasam fill your life and remain forever. May all your dreams with great participation for each one of the seminars. and efforts be accomplished. August is all set for a refresher course on Corporate Laws and Yours truly, also the plans are on for the second edition of the Navarathna Conference. There are also several brand building activities CA. Renjith R. Warrier Chairman CONTENTS 2 Chairman’s Message 3 Branch Activity 5 Onam to me, you and all of us CA. Vijay Narayan Govind FCA 6 A full time Farmer- CA.Abraham K George 7 Prostate Gland Cancer can be treated effectively - Dr R Vijayan,MS, DNB, FRCS(E), FRCS(G), Dip Urol (Lon) 8 Judicial Decisions on Direct Taxes CA. P.M.Veeramani FCA 9 Proposed Programmes - Aug & Sept 2021 Interactive meeting with Sri. Pinarayi Vijayan, Hon’ble Chief Minister of Kerala, for presenting memorandum regarding Cooperative audits and other matters of professional interest. 10 Judicial Decisions on Indirect Taxes CA. Babu Abraham Kallivayalil, Central Council Member, ICAI, CA. Jomon K.George, CA. P.J Johney, FCA Past Chairman & Member, SIRC of ICAI, CA. Renjith R.Warrier, Chairman, Ernakulam ICAI, CA. Jose.K.V, Vice Chairman, Ernakulam ICAI, CA. Remesh Kumar S, Chairman, 12 Compliance Calendar - August 2021 Thiruvananthapuram ICAI & CA. Balasubramanian N 2 August 2021 | e-Newsletter Ernakulam Branch of SIRC of ICAI e-NEWSLETTER BranchErnakulam Activities Branch - Julyof SIRC 2021 of ICAI 73rd CA Day Celebrations CA. Renjith Warrier, Chairman of the Ernakulam Branch of SIRC of ICAI hoisted the CA Day Flag on 1st July, 2021 . The recorded address of Hon’ble President & Vice President’s of ICAI to the CA fraternity on the occasion of 73rd Chartered Accountants’ Day were webcasted at the branch. A Mega Tree Plantation Drive, organised by the CSR Committee of ICAI, the branch planted saplings in On 3rd July Virtual CA Day Celebrations were organised. Padmashri Dr. M A Yusuff Ali, Chairman and MD, Lulu Group International graced the celebrations with his presence and our own premises and also inaugural address. Online Tambola game was conducted. distributed 200 saplings Members and their family members presented various in the neighbouringhood entertainment programmes. 355 members joined the programme of the branch, nearby government schools and colleges and at on this ocassion. nearby temple and church. The branch in association with Muthoot Finance Group distributed 150 grocery kits to the needy and deserving families who are affected by the covid pandemic at Elankunnapuzha Panchayat. Hon’ble MLA Shri K.N. Unnikrishnan, inaugurated the CSR activity of distributing grocery kits. “We Care” Alumni Programme- Honouring members who have attained 50 years in profession. As part of “We Care” Alumni Programme, on 10th July, 2021 the chairman and managing committee members visited the resi- dence of members who have completed 50 years in service in On 2nd July, the branch distributed mobile tablets to the poor and the CA profession and honoured them by presenting mementoes deserving students who are unable to attend online classes. 50 and bestowing shawl. CA. Kesavan Nair K (CA. K K Nair), CA. mobile tablets were distributed in association with Manappuram Jacob T Abraham, CA. P.V. Chacko, CA. Pankajakshan T and Foundation to the students of 5 schools viz. St. Jude karanakkodam, CA. K J Anto were honoured on the occasion. Govt. Higher Secondary School, Ernakulam, LMCC High School, Pachalam, Holy Infants BHS, Varapuzha, Karthedom Church School, Njarakkal. Shri P.T. Thomas MLA, Shri K Babu, MLA, Shri T J Vinod, MLA, Shri K.N. Unnikrishnan, MLA and Shri P AshwaKumar, DYSP Narcotics were the chief guests at 5 different schools. Meetings/Seminars Virtual CPE Seminar on “How to face department Virtual CPE Seminar on “ Wealth creation through investigations – fake invoices – demand show Mutual Funds” was held on 13th July, 2021. cause notices, adjudication appeal procedures – CA. Sachin Aggrawal, New Delhi was the speaker. circumstances of invoking writ jurisdiction in High Courts” was held on 24th July, 2021. Adv J K Mittal, Virtual CPE Seminar on “Formation of multi New Delhi was the speaker. disciplinary CA firms – The way forward and salient features” was held on 15th July, 2021. CA. G. Sekar, Virtual CPE Seminar on “Standards on Auditing – Central Council Member of ICAI was the speaker. A practical study” was held on 26th July, 2021. CA. Govind P, Ernakulam was the speaker. On 17th July, 2021 Virtual CPE Seminar on “Excel utilities for audit and professional services” was CA. Rahul Jindal from New Delhi deliberated organized. CA. Vinodh Kothari, Chennai took the on the topic on “CARO 2020 – Applicability and session. Amendments” at the Virtual CPE Seminar held on Virtual CPE Seminar on “NBFC Audit and recent RBI 29th July, 2021. Circulars” was held on 19th July, 2021. CA. Govind Sekar, Ernakulam was the speaker. Virtual CPE Seminar on “Intricacies in ITC under GST Adv. V. Raghuraman, Bengaluru took the session on and way forward” was held on 31st July, 2021. the topic “Refund of GST under various situations” on Adv G Shivadass, Bengaluru was the speaker. 23rd July, 2021 Ernakulam Branch of SIRC of ICAI e-Newsletter | August 2021 3 Ernakulam Branch of SIRC of ICAI e-NEWSLETTER CSR Activities undertaken Ernakulam Branch of SIRC of ICAI arranged the Fourth & Fifth Ernakulam Branch of SIRC of ICAI arranged vaccination facility phase of vaccination facility at Aster Medicity Hospital for the at Adlux Apollo Hospital for the members of the branch and their members of the branch on 1st and 15th July 2021. Members of family. 3 Members and family took vaccine on 25th July, 2021. Ernakulam Branch and their family took part in this vaccination drive. 330 persons (members and family) took vaccine. Alltogether 1402 persons took the vaccination in the vaccination facility arranged by the branch from March 2021 to 15th July, 2021. Other Programmes Joint Programme with MSTU, Kochi : A session was conducted Public Awareness Programme on Financial Independence : jointly by MSTU Kochi and Ernakulam Branch on “Applicability & Ernakulam Branch of SIRC of ICAI jointly with Positive Ideas Impact of ICDS Taxable Income” on 9th of July 2021. Chairman of Corner Clubhouse organized a programme on the topic “Thoughts the branch CA. Renjith R. Warrier delivered the keynote address to change Financial freedom” on 24th July, 2021. CA. Renjith and CA P.T Joy, Past Chairman, Ernakulam Branch of SIRC of Warrier Chairman took the session at the virtual programme. Dr. ICAI delivered the technical session. The session was attended Soumya sarin, Mr Vinu George, Ms. Lakshmi Menon, Ms. Gopika by around 65 income tax officers from Kerala and karnataka. Nandu, Ms. Nisary Mahesh, Mr Sree Kiran shared their views at the programme. CA Career Awareness programme : CA.
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