July 1st is a day of pride for the entire CA fraternity. It is the day when the relentless efforts of our visionary founding fathers were fructified and an independent accounting body was established in India. On this momentous occasion of the 74th CA Foundation day we salute all those visionaries who have laid the strong foundations of our esteemed Institute and have bestowed upon us the legacy of this noble profession.
Today the world understands the need and importance of our profession. A fact recognized by none other than our Hon’ble Prime Minister Shri Narendra Modi who tweeted, “A Chartered Accountant has an important role in our economy. On CA Day, best wishes to all Chartered Accountants. May they keep working hard in furthering growth and transparency in the economy.”
We are truly honored that the Prime Minister himself understands the value of the profession and acknowledges our efforts in Nation Building. That being said, the onus is now upon us to prove his words right.
CA Foundation Day Celebrations
I am delighted with the enthusiasm shown by the large number of Members and Students who attended the flag hoisting ceremony at ICAI Tower which took place at the hands of Smt. Geetha Ravichandran, Principal Chief Commissioner of Income Tax, Mumbai.
To mark this day, WIRC organised a number of programs over three days which included Flag Hoisting, Tree Plantation, Swachh Bharat Abhiyan, virtual Funtakshari, Blood Donation Camps in different locations over two days, distribution of Educational Kits to underprivileged children and our flagship Mile Sur Mera Tumhara Cultural Evening. In fact, our cultural program is so popular that for the first time we also organised a Mile Sur Mera Tumhara Musical Morning on the 3rd July.
Direct Tax Refresher Course 2022
Organised and conducted in hybrid mode from 18th June to 9th July, WIRC’s DTRC covered a gamut of subjects which ranged from the Law on Levy of Penalty under Direct Tax laws; Tax aspects for re-development projects; Law on Reassessment and Laws dealing with Economic offences & Black money and interplay with the Income Tax law to Care and Compliance in undertaking Capital transactions under tax laws; Partnership and LLPs – Tax considerations; Charitable trusts – Tax considerations and Taxation of Dividend income. Attendees were highly appreciative of the stalwarts who spoke at the sessions providing rich insights into the various topics related to Direct Taxation.
International MSME Day - New Opportunities for CA in MSME
Business opportunities across various industries and sectors have been growing over the last decade. Keeping this growth in mind, on the ‘International MSME Day’ WIRC organised an event which focused on opportunities for our members looking to become entrepreneurs. The topics were relevant and focused on Funding Schemes of SIDBI & Opportunities, Fund Raising for SMEs & Role of Professionals and the SME IPO process & Opportunities for CAs. The feedback from participants was positive and based on that WIRC looks forward to organizing similar events in the near future.
Intensive Refresher Course on Accounting Standards (Virtual)
This virtual Refresher Course on the Practical Aspects of Accounting Standards was very well attended by the fraternity from across the Region. Conducted over a period from 13th to 21st June, the six sessions comprising three hours each were truly intensive in their coverage of the topics related to Accounting Standards. The quality of the material disseminated therein was highly appreciated by delegates.
Placement Program of Industrial Trainees
WIRC organized a placement program for our members and students alike with firms being present with their representatives to interact with suitable candidates looking for career prospects in the profession. The program was successful with applicants happy with the firms and companies finding suitable candidates to fill up vacancies. We will continue to conduct these placement programs on a regular basis.
Developing Growth Mindset to be Super Successful
We organised a seminar on ‘Developing Growth Strategies & Mindset to be Super Successful’ recently which saw good attendance. The experienced speakers expanded on topics ranging from becoming global practitioners in traditional & non-traditional areas, how to fast track to become CEO or CFO, how to be a successful entrepreneur and world-class speaker as well as how to develop unlimited exponential growth mindset. These highly applicable and relatable topics inspired many attendees to initiate the practice as highlighted by the speakers.
International Day of Yoga
WIRC celebrated International Yoga Day on 21st June, 2022 at ICAI Tower, BKC by inviting the renowned yoga trainer Dr. Sandeep N. Dongre to instruct and educate our members in yoga towards developing a more holistic and healthy lifestyle. At the same time, keeping in mind the wider reach of virtual mode of interactions and looking to pass on the benefits of yoga for members across the Region, we organised virtual yoga classes for eight days from 22nd to 30th June where members were instructed by yoga therapist Vishnu Sharma. We are pleased to state that the virtual yoga coaching was widely accessed and appreciated by our members.
As our Hon’ble Prime Minister Narendra Modi rightly stated, we have a lot of professional, social and national responsibilities on our shoulders. To that end, we have to ensure that we take inspiration from our past and prepare a foundation at the present to ensure a strong future by remembering the words of Swami Vivekananda, “Stand up, be bold, be strong. Take the whole responsibility on your own shoulders, and know that you are the creator of your own destiny.”
CA. Murtuza Kachwala