July Greetings from CA Ganesh Nadar!
"Friends are those rare people who ask how we are and then want to hear the answer" – these words of Ed Cunningham aptly showcase that selfless relationship called 'Friendship' which we shall all be celebrating on 4 August…
Amidst our revelry, let's pray not only for our farmer community but also for the environment at large that the Monsoon Gods bless us with their bounty.
While the country launched the Chandrayan II Mission and our boys in blue gave a brave fight to the Kiwis in the Queen's Country; we too proudly rang in the 71st year of the ICAI Foundation and the second anniversary of the path-breaker GST.
The extension in the deadline (till 31 August) of the New IT Returns System is a welcome breather for us and our clients.
Our ICAI hosted multiple activities in June besides the flagship RRC on GST at Bengaluru. Some of these include - the Certificate Course on Ind-AS; Audit of Info System; Seminar on PMLA and Benami Property; An Industrial Visit to Amul (Anand) for Women CAs along with Budding CAs (their children); Felicitation of our Cricket Team on Winning the Inter Branch Cricket Championship Cup; Meeting of the New WICASA Managing Committee; besides of course celebrating CA Day with a blood donation camp, yoga and health session and a press conference. Then again to enable our community to keep pace with new technologies we had organized a Course on Block-chain Technology for Professional Accountants.
Here's sharing with you a curtain raiser of this issue – Updates on Accounting, Company Law, GST, FEMA, IT and International Taxation; Quick Connect with IT and RERA; Important Due Dates for Compliance; the Modus Operandi for the Auto-reply Function of Google Mail through Canned Response; and Pearls of Wisdom from Sadhguru Jaggi Vasudev.
August meaning the month of Shraavan, Raksha Bandhan, Independence Day and Janmashtami also heralds in Bakri Eid for our Muslim brethren and Navroze for our Parsi members. In the midst of all these festivities let us take a minute to remember the Hiroshima Casualties on 6 August; and all those innocent people who have succumbed to acts of terrorism and religion-based-violence on 21 August.
August marks a lot of other special days also for instance – National Handloom Day to revive domestic products and production processes; Biofuel Day to promote use of renewable, sustainable and eco-friendly fuel options; Sport Day to commemorate legendary hockey player Dhyan Chand and of course Photography Day for all of us whose android phones have made them amateur photographers!
In sync with our Mission Statement of 'Celebrating the Past and Inspiring the Future' let's all ring in International Youth Day with the bonhomie it rightfully deserves!
ICAI-Delhi communiqués in this issue include - their own Amazon (!) which is the CDS (Central Distribution System) to make sale of all ICAI publications – faster and easier; and Overseas Campus Placements for CAs and Inter CAs.
While we celebrate our 73rd Independence Day let us remember the immortal words of Peter Marshall - "May we think of freedom not as the right to do as we please, but as the opportunity to do what is right"
That's all from my desk…Keep reading and contributing to YOUR newsletter!
CA. Ganesh Nadar
Ahmedabad Branch of WIRC of ICAI
Mission to take our esteemed profession to unparalleled heights!