Media Release
Mangaluru, Jul 4: 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 and 163 branches across India, in addition to the 30 overseas branches.
The Mangalore branch of the ICAI, established in 1971, has more than 600 members spread over Dakshina Kannada district and Kasaragod, either in private practice, having their professional practice in places like Mangaluru, Puttur, Sullia, Madikeri, Moodabidri and Kasaragod, or serving in industries, banks etc. More than 2000 students are undergoing Chartered Accountant (CA) training under the Branch jurisdiction. The Branch is conducting various learning activities for the members and students throughout the year. The branch is adjudged as the best branch in medium category in the southern region for two consecutive years.
Said to be one of the greatest tax reforms of independent India, Goods and Service Tax (GST) has made the entire nation to witness a sea of 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 Income Computation and Disclosure Standards (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 assessees.
Keeping this in mind, to impart knowledge, the Mangaluru branch is organizing a two days conference, namely 'Swadhyaya', on July 6 and 7 at Dr T M A Pai International Convention Centre, M G Road, Mangaluru. Renowned speakers from all over India will present their papers. This conference is organized under the aegis of Professional Development Committee of ICAI, New Delhi.
Around 500 chartered accountants from all over India, 400 students and industrialists will be participating in this event.
Ananth G Pai, executive director, Bharath Group of Companies will inaugurate the conference on July 6 at 9.15 am. CA Ranjeeth Kumar Agarwal, chairman, PDC, New Delhi, will preside over the function. CA Kishore M Saletore, executive director, Bharath Forge Ltd, Y V Balachandra, general manager, Karnataka Bank Ltd and CA Madhukar N Hiregange, central council member & chairman, IDTC, ICAI will be the guests of honour.
Eight eminent speakers from Delhi, Mumbai, Chennai, Kolkata, Kochi and Bengaluru will present their papers.
The valedictory function of the conference will be held on July 7 at 5 pm.
All the chartered accountants, commercial accountants and students are requested to take benefit of the conference and enrich their knowledge.
Chairman of Mangaluru branch CA Shivananda Pai, vice-chairman CA Anantha Padmanabha, Secretary CA Raviraj Baikampady, treasurer CA K Subramanya Kamath, chairman of Mangaluru branch of Southern India Chartered Accountants' Students Association (SICASA) CA Abdur Rehaman Musba and immediatepPast chairman CA Bhargava Tantri, CA Keshava Ballakuraya were present.