Traditionally the month of August brings along a lot of holidays and free time for all of us. But this time it was a different thing for professionals. Two deadlines, the 20th August deemed deadline for the Tax Audit cases as the reporting requirement were changing from that date. And the second one was the extended deadline for the income tax return filing of the non audited cases. But as I mention the deadlines which we follow every month, it makes me feel that in the current scenario we do not worry too much about any deadlines. Independence day was celebrated with full fervor at the branch premises and the flag hoisting was done by the worthy hands of CA Pramod Kumar, Member ITAT, Ahmedabad. Flag hoisting was followed a small interactive session with him where in he shared a lot of experiences and motivated all those present.
The month started with a two day National Conference at GSC bank dealing with the next generation topics of technology and newer opportunities in our profession. The first ever ICAI RVO (Registered Valuer Organization) Course had begun at Ahmedabad from 4th August 2018 and very soon the first batch registered valuers will be out. A month of August without an event on Tax Audit Report under Income tax act has never passed and this month was not different. A mega program was held at Fire N Flames and the event was well attended by more than 630 participants. A flagship event of Ahmedabad Branch which has a rich tradition, which is the Indirect Taxes Residential Refresher Course, was held at Gurugram, The Leela Ambience for three days and the event was attended by more than 105 Chartered Accountants, which is a record in itself for highest number of participants in the last six years. The study group on RERA was formed at the branch and the first meeting of the study group was held on 21.08.2018. The Vice President of ICAI visited the Ahmedabad Branch and on his maiden visit to Ahmedabad after taking charge, he addressed the members along with CCM CA Dhinal Shah. The campus placement orientation program and the campus placement for the newly qualified Chartered Accountants was held in the month of August. The members in industry were invited for a CFO / CEO meet, first ever such meet organized by Ahmedabad Branch, on 30th August and the meet was very well attended by the stalwarts of Industries from Ahmedabad.
The students wing WICASA got its new team this month and my whole hearted support and wishes for the new team. May they work towards the betterment of the student fraternity. Students are the base of every organization and our Institute is no way different. The student wing WICASA is responsible to understand the issues and requirement of the CA students at all levels and provide the necessary solutions by the holding the events relevant to them. The mock tests and study group events organized by WICASA are some of the beneficial events for the students. Such events will nurture the students and bring out the best in them so that they can perform to their highest of abilities when required.
So as we all get prepared for the upcoming audit season, my heartfelt wishes to all seniors and colleagues for a successful month. Let’s all complete the compliances before time and contribute our bit in the act of nation building.
CA. Nirav R Choksi
Ahmedabad Branch of WIRC of ICAI