Activities

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August 2025

  • August 2

    One-Day Seminar: “Taxation of Trusts & Related Issues under the Income-tax Act” – 2 August 2025 The programme opened with a solemn floral tribute to the late CA N. Manoharan, honouring one of the profession’s finest mentors before the technical deliberations began. Technical Session 1 – CA E. Phalguna Kumar (Tirupati) Comprehensive walk-through of Sections 11–13, registration under Section 12AB and the 85 % utilisation rule. Case studies on corpus vs. specific donations, inter-charity transfers and Form 10B audit qualifications. Technical Session 2 – CA V. Ramnath (Coimbatore) “Assorted Issues” including taxability of voluntary contributions, implications of Section 115TD exit tax and recent CBDT circulars. Strategies for drafting trust deeds to withstand scrutiny and tips on e-filing Form 10B/10BB without glitches. The day-long seminar, held at ICAI Bhawan, Padil, delivered 6 CPE hours and attracted practitioners serving NPOs, educational and religious trusts. Interactive Q&A segments clarified grey areas on deemed income, anonymous donations and rectification of past assessment orders. Branch Chairman CA Prashanth Pai K welcomed the delegates; Secretary CA Mamta Rao proposed the vote of thanks, acknowledging both speakers for their insightful guidance and members for their active participation.

    Posted on August 2 2025

    • July 2025

  • July 28

    Career Guidance program was held at Excel P U College, Guruvayankere, Belthangady. Over 200 plus students, of First and Second year PUC actively took part in this Program. CA Akashdeep Pai, CA Upendra Shenoy were the Councellors.

    Posted on July 28 2025

  • July 28

    54th AGM of Mangaluru Branch of SIRC of ICAI The Mangaluru Branch (SIRC) convened its 54th Annual General Meeting on 28 July 2025 at the Padil premises. Members unanimously adopted the audited financial statements and annual report for FY 2024-25 after a presentation by Branch Treasurer CA Balasubramanya N. Past Chairmen joined the current Managing Committee, lending historical insight to an open forum that reviewed the year’s key milestones—professional development programmes, student initiatives and infrastructure upgrades. Constructive suggestions were also given. Branch Chairman CA Prashanth Pai K thanked the predecessors for their continued guidance and assured members that the committee would convert the recommendations into actionable plans, steering the Branch toward an even more impactful future.

    Posted on July 28 2025

  • July 27

    Plantation Drive Mangaluru Branch of SIRC of ICAI and Mangaluru Branch of SICASA of ICAI are proud to celebrate another successful step toward a greener world through our recent plantation drive. Together with our dedicated members and students, we planted new hope for healthier communities and a more sustainable environment. This initiative was made possible thanks to the generous support of Seva Bharathi, who provided us with the perfect space to make a meaningful environmental impact. We also extend our heartfelt gratitude to CA Giridhar Kamath, for his invaluable contribution and dedication toward making this plantation drive a remarkable success. Thank you for joining hands in this ongoing journey. By growing more trees today, we are ensuring cleaner air, richer biodiversity, and a better tomorrow for all generations. Our collective action truly makes a difference; let’s continue nurturing nature and inspiring sustainable practices for a thriving planet.

    Posted on July 27 2025

  • July 19

    One-Day Seminar on “Income-tax & Company-Law Compliance” The Mangaluru Branch (SIRC) held a full-day technical seminar on Saturday, 19 July 2025 (9:30 a.m. – 5:30 p.m.) at ICAI Bhawan, Padil, granting 6 CPE hours. CA Naveen Khariwal (Bengaluru) explained: 1. pitfalls in taxing retiring/deceased partners on reconstitution or dissolution of firms; 2. correct TDS treatment on salary, remuneration, interest and commission paid by firms to partners. CS Gaurav Pingle (Pune) outlined key Company-law compliance checkpoints for statutory auditors, with emphasis on e-filing timelines, CARO 2025 disclosures and penalties under the amended Companies Act. The programme opened with a traditional lamp-lighting ceremony joined by senior past chairmen and managing committee members. Case-law analyses, interactive polls and real-life illustrations kept the 120-plus delegates engaged, prompting lively Q&A on Section 45(4) issues and Board-report certifications. Branch Chairman CA Prashanth Pai K welcomed the gathering and Secretary CA Mamta Rao proposed the vote of thanks, acknowledging speakers and the organising team for delivering a value-packed learning experience.

    Posted on July 19 2025

  • July 15

    World Youth Skills Day To mark World Youth Skills Day, the Mangaluru Branch (SIRC) hosted a lively afternoon session on the theme “Unlocking New Horizons: Upskilling Chartered Accountants for Success” at ICAI Bhawan, Mahendra Arcade. The programme, offering 3 CPE hours, drew members and students keen to enhance their professional skill-set. CA M. Narasimhadas Pai led an engaging workshop titled “Talk, Trust, Thrive”, featuring ice-breakers, role-plays and group challenges that highlighted practical tools for team-building, workplace communication and POSH awareness. CA Kiran Vasant followed with an insightful talk on Emotional Intelligence (EQ), illustrating how self-awareness and empathy sharpen decision-making and client relationships in practice. Interactive activities kept the audience energised, and participants praised the take-home worksheets and real-life anecdotes. Branch Chairman CA Prashanth Pai K thanked the Professional Skills Enrichment Committee for its support and encouraged members to continue investing in soft-skill development alongside technical learning.

    Posted on July 15 2025

  • July 10

    Career Guidance program held at Alvas Institution today . Around 400 plus students, of First and Second year PUC took benefit of this Program. CA Upendra Shenoy and CA Sumanth Bhat were the Councellors

    Posted on July 10 2025

  • July 4

    TDS Awareness Drive with the Income-tax Department The Mangaluru Branch (SIRC) hosted an outreach programme on “Towards Better Tax-Deduction Practices” in collaboration with the Income-tax Department on 4 July 2025 at ICAI Bhawan, Mahendra Arcade. • Shri Naveen Kumar S, IRS (Deputy Commissioner – TDS, Panaji) and Smt Sunanda Prasad, IRS (ITO-TDS, Mangaluru) led the technical discussion, while Dr Ish Gupta, IRS (Joint Commissioner – TDS, Panaji) presided. • Covering common TDS defaults, revised return-filing utilities and new CPC-TDS communications, the officers shared live portal demos and best-practice check-lists. • A packed audience of members and corporate deductors engaged in an extended Q&A, resolving practical issues on Section 194-O, late-fee waivers and Form 26Q mismatches. The two-hour session awarded 2 CPE credits and underscored the Branch’s commitment to facilitating direct dialogue between professionals and the tax administration for smoother compliance.

    Posted on July 4 2025

  • July 1

    77th Chartered Accountants’ Day The Mangaluru Branch (SIRC) marked the 77th Chartered Accountants’ Day with a patriotic and inspiring morning function at ICAI Bhawan, Padil. • Flag-hoisting (9:30 a.m.) was led by Shri H. V. Darshan, IAS, Deputy Commissioner & District Magistrate of Dakshina Kannada, who lauded the profession’s growing role in transparent governance. • Lamp-lighting & felicitation followed, joined by Capt. Ganesh Karnik, former Karnataka MLC, and Branch leaders CA Prashanth Pai K (Chairman) and CA Mamta Rao (Secretary). • In his keynote address, Capt. Karnik urged members to embrace technology and social responsibility, while Shri Darshan highlighted collaborative opportunities between the district administration and the CA fraternity. • he programme concluded with a pledge to uphold ICAI’s motto of integrity and service, and with refreshments that fostered fellowship among members and students. The celebration reaffirmed the Branch’s commitment to nation-building and professional excellence.

    Posted on July 1 2025

    • June 2025

  • June 27

    ICAI MSME Mahotsav – “Ek Din MSME Ke Naam” The Mangaluru Branch (SIRC) joined hands with ICAI’s Committee on MSME & Start-ups to host an afternoon MSME outreach programme on 27 June 2025 at ICAI Bhawan, Mahendra Arcade. Inaugural session (3:00 – 6:00 p.m.) featured addresses by Branch Chairman CA Prashanth Pai K and Secretary CA Mamta Rao, Government and industry guests Mr K. Natraj Hegde (IIF Coordinator), Dr Socrates Kalai (MSME-DFO, GoI) and Shri Vivek D (MD, Dak Milks). Eminent local practitioner CA Sanketh S. Nayak shared practical perspectives on bank finance and compliance for small businesses. Thematic talks & panel discussion highlighted: • New credit-linked subsidy schemes, • Grievance-redressal avenues for delayed payments, • Tax/ ROC compliance milestones for FY 2025-26, and • The pivotal advisory role chartered accountants can play in MSME scaling and formalisation. Walk-in help desks (10:00 a.m. – 1:00 p.m.) earlier in the day provided free MSME registration and SIDBI / bank loan counselling, drawing retailers, budding start-ups and first-time tax-filers. Delegates earned 3 CPE hours and praised the hands-on support format. The Branch resolved to conduct quarterly clinics to continue guiding the region’s MSME ecosystem toward sustainable growth.

    Posted on June 27 2025

  • June 26

    One-Day Seminar on GST The Mangaluru Branch (SIRC) partnered with ICAI’s GST & Indirect Taxes Committee to host a focused, six-CPE-hour seminar on Goods and Services Tax at ICAI Bhawan, Padil. In the first technical session, Bengaluru-based expert CA Jatin Christopher walked participants through the latest compliance checkpoints, recent circulars and the practical impact of appellate rulings. CA Prakrithi of Mangaluru then highlighted emerging “new areas of demand” under GST 2025, sharing case studies on departmental notices and strategies to draft robust replies. An engaged audience of practitioners and industry finance teams exchanged queries throughout, making the day highly interactive. Branch Chairman CA Prashanth Pai K inaugurated the programme and Secretary CA Mamta Rao delivered the vote of thanks, with faculty members being felicitated for their valuable insights. Delegates left with actionable updates to strengthen their GST advisory and compliance work ahead of the new assessment cycle.

    Posted on June 26 2025

  • June 21

    11TH International Day of Yoga The Mangaluru Branch (SIRC) celebrated the 11th International Day of Yoga with an energising 6:30 – 8:00 a.m. session on the 2n? Floor of ICAI Bhawan, Mahendra Arcade. Guided by renowned yoga guru Shri S Prasad, members, students and staff performed a sequence of asanas, pranayama and relaxation techniques in keeping with this year’s theme, “Yoga for One Earth, One Health.” Branch Chairman CA Prashanth Pai K opened the programme by emphasising the role of physical and mental well-being in sustaining professional excellence. After the practice, Shri Prasad shared practical tips on incorporating yoga into daily routines, underscoring its benefits for posture, stress management and focus. The event—organised jointly by the Public Relations Committee and the Committee on Promoting Work-Life Balance—concluded with healthy refreshments and a pledge by participants to nurture “Healthy CAs for a Wealthy Economy.”

    Posted on June 21 2025

  • June 14

    Awareness Program on Financial Reporting Practices The Mangaluru Branch (SIRC) partnered with ICAI’s Financial Reporting Review Board (FRRB) to host a half-day “Awareness Program on Financial Reporting Practices” at ICAI Bhawan, Mahendra Arcade. Delivering 4 CPE hours, the sessions by CA Amit Hundia (common non-compliances with Accounting Standards) and CA Padmashree Crasto (frequent lapses under the Standards on Auditing and CARO) equipped members to spot reporting errors, interpret regulatory requirements and enhance governance quality. An engaged audience of practitioners and industry CFOs discussed real-world case studies, reinforcing the FRRB’s “Vishwasaniya – Shaping the Future of Audit Excellence” initiative. Branch Chairman CA Prashanth Pai K coordinated the programme and thanked faculty and participants for their active involvement in raising financial-reporting standards.

    Posted on June 14 2025

  • June 7

    New reporting format of Non Corporate Entities and Schedule Fixed Asset reporting On 7 June 2025 the Mangaluru Branch (SIRC) conducted a one-day seminar at ICAI Bhawan, Padil, granting 6 CPE hours. CA K. Gururaj Acharya opened the session with insights into recent accounting-standard changes for non-corporate entities and tax-audit updates for AY 2025-26, followed by CA Sriram V. Rao with practical guidance on disclosing foreign assets in the new ITR forms. The sessions attracted a strong turnout of members and students, equipping participants with up-to-date compliance know-how ahead of the coming filing season.

    Posted on June 7 2025

    • May 2025

  • May 23

    Residential Refresher Course (RRC) from 23 – 25 May 2025 The Mangaluru Branch (SIRC) hosted a Residential Refresher Course (RRC) from 23 – 25 May 2025 at Gamyam Resort, Kumta, jointly with the Professional Development Committee and SIRC of ICAI. Over three immersive days, members earned 12 CPE hours through power-packed sessions on professional opportunities for CAs, the draft Income-tax Bill 2025, key FEMA 1999 updates and compliance under the Black Money Act 2015. Eminent faculty—led by CA Narendra Jain, CA Sriram V Rao and CA Nishith Bhandary—shared practical insights, recent rulings and real-life case studies. Beyond the classroom, delegates bonded during heritage visits, beach walks, pool games and informal evening gatherings, creating lasting professional connections. The course concluded with a valedictory session and vote of thanks from Branch Chairman CA Prashanth Pai K, who lauded the organising team and speakers for delivering an enriching blend of learning and fellowship.

    Posted on May 23 2025

  • May 10

    Condolence Meet in Memory of CA P Raghuchandra Shetty (1962 – 2025) The Mangaluru Branch of SIRC of ICAI organised a solemn condolence meeting on Saturday, 10 May 2025 at 5:30 p.m. at the Branch premises, ICAI Bhawan, Mahendra Arcade. Members gathered to pay homage to CA P Raghuchandra Shetty, a respected professional and mentor who served the fraternity with distinction until his untimely passing on 25 April 2025. The programme opened with a silent prayer, followed by heartfelt tributes from past chairmen, senior chartered accountants, colleagues and students who highlighted his contributions to the Branch, his commitment to ethical practice and his supportive nature. Speakers recalled his tenure in various committee roles and his eagerness to guide young professionals. A two-minute silence was observed in his honour. The Branch resolved to cherish his legacy by continuing the values of integrity and service he exemplified. A condolence message conveying the Branch’s sympathies was sent to the bereaved family. The meeting concluded with members signing a condolence register and resolving to institute a yearly memorial lecture in his name.

    Posted on May 10 2025

  • May 10

    One-Day Seminar on “Taxation & Audit of Co-operative Societies” The Mangaluru Branch of SIRC of ICAI conducted a full-day seminar on Saturday, 10 May 2025, from 10:00 a.m. to 5:00 p.m. at ICAI Bhawan, Mahendra Arcade. The programme, carrying 6 CPE hours, focused on contemporary tax and audit challenges faced by co-operative credit, dairy and service societies. Technical Sessions CA Varun Bhat, Sirsi - Special Issues in Taxation Laws applicable to Co-operative Societie - Recent amendments to Sections 80P & 194N, treatment of interest income, and optimisation of deductions while remaining compliant. CA B. V. Raveendranath, Sagar - Co-operative Audit – Statutory Provisions - Karnataka Co-operative Societies Act & Rules, audit planning, reporting under Form A B C, and common qualifications noted by the Registrar. Highlights • The seminar drew an enthusiastic mix of practising members and finance officers of local co-operative bodies. • Speakers shared real-life case studies, helping participants translate statutory provisions into practical audit check-lists. • Lively Q&A sessions clarified gray areas in classification of income, reserve appropriations, and auditor reporting responsibilities. • Participants appreciated the hands-on approach and requested follow-up workshops on IT-enabled audit techniques for co-operatives. Branch Chairman CA Prashanth Pai K welcomed the gathering and emphasised the importance of robust governance in the co-operative sector. Secretary CA Mamta Rao proposed a vote of thanks, acknowledging both faculty members and the organising committee for successfully delivering the programme. With positive feedback and actionable takeaways, the seminar reinforced the Branch’s commitment to capacity-building for members serving the vibrant co-operative movement in the region.

    Posted on May 10 2025

  • May 3

    PMLA and FEMA On 3 May 2025 the Mangaluru Branch (SIRC) organised a one-day seminar on PMLA and FEMA at ICAI Bhawan, Mahendra Arcade. The event featured technical sessions by CA Naresh Ajwani (FEMA) and CA V Ravindran (PMLA). The programme ran from 10 a.m. to 5 p.m., offered 6 CPE hours, and equipped participants with practical insights into cross-border transaction regulations and anti-money-laundering compliance.

    Posted on May 3 2025

    • April 2025

  • April 26

    Half Day Seminar on Preparation for Peer Review The Mangaluru Branch of SIRC of ICAI successfully conducted a Half Day Seminar on “Preparation for Peer Review” on Saturday, 26th April 2025, at ICAI Bhawan, Mahendra Arcade, Mangaluru. The seminar was designed to equip practicing Chartered Accountants with the necessary insights and practical knowledge to prepare effectively for Peer Review under the guidelines of the Institute. With the growing emphasis on quality assurance in the profession, the session aimed to clarify documentation standards, review readiness, and compliance expectations. The session was led by esteemed Peer Reviewer CA Sowmya Kamath, who shared her valuable experience and expertise on: • Systematic documentation processes • Common observations during peer reviews • Do’s and don’ts for firms under review • ICAI checklists, file structuring, and audit trail maintenance The session was highly interactive, with participants actively engaging in queries related to audit file preparation, UDIN integration, and quality control measures. The insights were particularly beneficial for sole proprietors and small firms gearing up for their first review cycle. Key Details: Date: 26th April 2025 Time: 3:00 p.m. to 6:00 p.m. Venue: ICAI Bhawan, Mahendra Arcade, Mangaluru CPE Hours: 3 Registration Fee: ?600 (inclusive of GST)

    Posted on April 26 2025

    • March 2025

  • March 25

    Investor Awareness Programme The Mangaluru Branch of SIRC of ICAI hosted an Investor Awareness Programme on Tuesday, 25th March 2025, aimed at enhancing financial literacy and investor protection among the general public and professionals. This initiative was conducted under the aegis of the Investor Education Protection Fund Authority (IEPF), Ministry of Corporate Affairs, Government of India, and supported by the Committee on Financial Markets and Investors’ Protection of the Institute of Chartered Accountants of India (ICAI). Speakers and Topics: • Mr. Nagesh Acharya – Basics of Capital Market • CA. Poornima Nayak – Inflation & Investor Grievance Resolution This session provided valuable insights into capital market fundamentals, the impact of inflation on personal finance, and mechanisms for redressal of investor grievances.

    Posted on March 25 2025

  • March 15

    Members Bank Audit Seminar The Mangaluru Branch of SIRC of ICAI hosted a One Day Seminar on Bank Branch Audit on Saturday, 15th March 2025, at ICAI Bhawan, Padil, Mangaluru. This seminar equipped the practicing Chartered Accountants with practical knowledge and updates essential for conducting statutory bank branch audits, especially in light of the upcoming audit season. The seminar featured insights from distinguished speakers and industry experts: Resource Persons: CA. Ramesh Shetty (Mumbai): who spoke on Planning branch audit along with important areas to be considered for advances and LFAR CA. Premnath Degala (Hyderabad): covered Audit tools in Bank Audit Mr. Arun Kumar Gupta – Chief Manager, Union Bank of India, Mangaluru: who addressed the topic Frauds in Banks.

    Posted on March 15 2025

  • March 15

    Interaction with CCM The session featured an engaging and interactive discussion with CA Madhukar N Hiragange, our Central Council Member, who provided comprehensive insights and addressed all queries with expertise and precision. He discussed about the future of practice and development in practice with CA’s and past chairmen and also engaged in a important conversation with the students. He is the founder Partner Hiregange & Associates LLP [Now HNA & Co LLP] having 15 branches offices across India presently specialized in Indirect Taxes, FTP. Director Hiregange Advisory Services P Ltd. Pioneered the concept of Indirect Tax review audits (now GST review audit) as an invaluable compliance and benefit oriented service. Jointly Authored 36+ books in IDT including GST from 1997 till date. Last 20+ years on a mission to create committed professional leaders. Has encouraged/ fostered 500 + leading professionals in Industry and Practice to take up ethical practice in IDT.

    Posted on March 15 2025

  • March 8

    Womans day Celebration - Mangaluru Branch of SIRC of ICAI and Mangaluru Branch of SICASA of ICAI organized Women’s Day program featuring dinstinguished speakers who shared insightful perspectives on women empowerment and equality. Our first speaker was the chief guest Dr Bharathi Shevgoor who broke the stereotypes on women as professionals followed by Dr Joylene D’ Almeida who spoke on Physical and mental wellbeing and closed by Jayalakshmi Hegde who spoke on importance of nutrition.

    Posted on March 8 2025