Media Release

Mangaluru, Dec 2: The Institute of Chartered Accountants of India (ICAI), established on July 1, 1949 is the statutory body regulating the chartered accountancy course and chartered accountants in India. Working under the Ministry of Corporate Affairs, Government of India, the institute, having its head office in New Delhi, has five regional councils, 153 branches across India and 28 overseas branches.

The Mangaluru branch of ICAI, started in 1971, has more than 600 members spread over Dakshina Kannada district and Kasargod, either in private practise, having their professional practice in Mangalore, Puttur, Sullia, Madikeri, Moodbidri and Kasargod or serving in industries, banks etc. More than 2000 students are undergoing CA training under the branch jurisdiction. The branch is conducting various learning activities for the members and students throughout the year. The branch has been adjudged the best branch in medium category for the last two years consecutively in the southern region.

Said to be one of the greatest tax reforms of independent India, Goods and Service Tax has made the entire nation to witness a sea change in taxation of goods and services. Technology based implementation has thrown a big challenge to our profession. Everyday has become a learning day for CAs.

Also, there are very significant enactments in direct tax structure and procedures. After introduction of ICDS, additional responsibility has been cast on CAs, while reporting under tax audit. Levy of penalties, post demonetization, has cast more responsibility on tax professionals to guide the assesses.

Keeping this in mind, the Mangaluru branch is organizing a two days conference, namely KSHAMATHA, on December 5 and 6 at Sanghaniketan, Pratapnagar, Gandhinagar, Mangaluru to impart knowledge. Renowned speakers from all over India will present their papers. This conference is organized under the aegis of Committee for Capacity Building of ICAI, New Delhi.

Around 500 chartered accountants from all over India, 400 students and industrialists will be participating in this event.

The inauguration of the conference will be held on December 5 at 9.00 am and Dr Shashikala Gurpur, director, Symbiosis Law School will inaugurate. CA Mukesh Singh Kushwah, chairman, CCBMP, New Delhi, will preside over the function. CA Babu Abraham Kallivayalil, chairman, FRRB of ICAI and CA Cotha Srinivas, chairman, SIRC will be the guests of honour.

Six eminent speakers from Delhi, Mumbai, Pune and Bengaluru will present their papers.

The valedictory of the conference will be held on December 6 at 5.00 pm.

All the chartered accountants, commercial accountants and students are requested to take the benefits of the conference and enrich their knowledge.

Chairman of Mangaluru branch CA Bhargava Tantri, vice chairman, CA Shivananda Pai, secretary, CA Raviraj Baikampady, treasurer, CA Anantha Padmanabha, chairman of Mangaluru branch of SICASA, CA K Subramanya Kamath and immediate past chairman CA Keshava Ballakuraya were present.