1. Lecture Meeting — the role of professionals in governance

In the first annual lecture meeting organised by the Society on 12th July, 2023, the speaker, CA Nawshir Mirza congratulated the incoming President and the Society for entering its 75th year. He indicated that Society needs to introspect on its role on the threshold of this historic moment. It is in this context that the topic ‘Role of Professionals in Governance’ assumes special significance. He then proceeded to provide a masterly analysis, of the following matters:

• He began by dwelling on the hallmarks of professionals like competence, objectivity, independence, ethics, good communication and being effective influencers. He further added that they need to live by their vision.

• Next, he went on to describe governance as similar to religion. It is primarily compliance-driven even though currently compliance is at a saturation point. He also touched upon the history of governance by stating that it began with the political system of governance in Europe comprising of the estates, barons, clergy and the common man. He further added that the French Revolution changed the concept of governance and the third estate (i.e., the common man) which paved the way for the universal adult franchise.

• Moving forward, he elaborated that political governance moved towards corporate governance which initially was more to deal with the providers of capital. In this context, he emphasised that the Companies Act, 2013 (“the Act”) is a unique piece of legislation that deals with the interests of the providers of capital (primarily the shareholders).

• However, recently, corporate governance has progressed further and now deals with the rights of all stakeholders, whereby he referred to a speech by the Chairman of the International Sustainability Standards Board that dealt with how the value of a company as a creator for its shareholders is inextricably linked with the ecosystem., thus signalling a shift from the efficiency mindset (from a shareholder’s perspective) to a sustainability mindset (from the stakeholder value perspective).

• The role of Independent Directors was also discussed by referring to the provisions of section 166(2) read with Schedule IV of the Act, which outlines their duties and responsibilities towards the interests of the environment and society. Citing from his experience as an independent director, he noted that the following significant principles and recent changes need to be kept in mind whilst engaging and practicing governance by all professionals:

1.    The learnings from the Enron era which placed doubts on the integrity of the Corporate Managers and the global financial crisis of 2008 and the consequential wealth inequalities.

2.    Responsibility of the Board, management and managers to the interests of all the stakeholders.

3.    Practicing fairness, accountability and transparency towards all stakeholders.

4.    Being aware of the recent reporting changes, both locally and globally, like the BRSR Report, Integrated Reporting, Task Force on Climate-Related Disclosures, Carbon disclosure project, sustainability standards, etc.

5.    Being aware of the various ESG risks, greenwashing, and measurement tools for non-financial measures like the Science Based Target Initiatives (for reducing the impact of plastic on the environment).

6.    To steer discussions responsibly and be sensitive to the interests of all stakeholders.

• He concluded by advising on the following matters both as professionals whilst engaging with clients and also in their personal capacity:

1.    As professionals, we need to be responsible for our behaviour and its impact on society.

2.    A road map or plan needs to be developed to embrace sustainability.

3.    To assist in measuring and reporting on various ESG parameters since top management compensation is now aligned in greater measure with ESG parameters rather than financial parameters.

4.    We need to curb irresponsible usage and consumption in our personal capacity to preserve and sustain the environment.

BCAS Lecture Meetings are high-quality professional development sessions that are open-to-all to attend and participate. Missed the Lecture Meeting, but still interested in viewing the entire meeting video?

Visit the below link or scan the QR Code with your phone scanner app:

YouTube Link: https://www.youtube.com/watch?v=uvNOUp2Aj6I

At the 75th Founding Day Lecture Meeting on India @2030, Sajjan Jindal, Chairman, JSW Group, began his keynote address by emphasising that the topic India @2030 is very close to his heart. He then proceeded by broadly touching upon the following areas:

• The current decade will be India’s decade, and the time has come for the country to deliver, unlike the past, when we were like a pregnant lady who never delivered. He added that by 2030, India will be a very different country, and we will be proud of it. The stable governments in the last two decades, and especially the present government, have instilled a tremendous sense of pride coupled with a positive attitude which has resulted in awakening a sleeping giant.

• He cited the example of the remarkable way in which the government navigated through the COVID-19 pandemic. Whilst the performance of the other countries post the pandemic was affected like the increase in the US inflation by 30 times, India managed its economy fairly well. He felt that India’s moment has now arrived just like that of Japan at the end of the Second World War, and it is well positioned to become the third largest economy in the world following USA and China by the end of the decade.

• Next, he touched on several reforms undertaken by the present government, like GST, Swachh Bharat, IBC and digitization which have resulted in greater awareness and responsible behavior amongst the citizens. He made a specific reference to the IBC which has alerted defaulters and made companies more careful whilst borrowing.

He proceeded by touching upon several advantages that will help us to be major player by 2030, and propel India towards a 30 trillion dollar economy. These include:

1.    The demographic dividend is evidenced by our young population. The large population is and will continue to be our strength unlike in the past when the Government had to resort to family planning, sometimes forcibly.

2.    The digitisation drive has resulted in better transparency and governance. It has also brought about reforms in healthcare and education.

3.    We have the potential to scale up the manufacturing capacity under the ‘China plus One’ policy and match the gap created by ‘China as a result’  of decline in its manufacturing capacity. He referred to the JSW Group increasing its capacity with an aim to become the best manufacturer of steel in India.

4.    The energy transition from fossil fuel-based to renewable energy will be a game changer, since the latter is much cheaper. He indicated that he aims to make JSW the first company in India to fully use renewable energy.

5.    Continuing reforms in the financial, banking and capital market sectors will help us towards being a 5 trillion dollar economy in the next five years.

6.    The global leadership role of India is increasing visibly, including the current G20 leadership.

• He concluded his address by emphasising that the growth of JSW is due to the highest standards of corporate governance adopted. He also indicated that CAs are the first line of defense by providing a governance control mechanism, which is the surest way to achieving growth.

BCAS Lecture Meetings are high-quality professional development sessions which are open-to-all to attend and participate. Missed the Lecture Meeting, but still interested in viewing the entire meeting video?

Visit the below link or scan the QR Code with your phone scanner app:

YouTube Link: https://www.youtube.com/watch?v=PxxNfYuIVpU

FEMA organised a study circle meeting on the topics covering LRS and the new ODI regulations. The meeting included interactions with the AD Banker, Axis Bank.The meeting was held online where the members asked various queries and got the responses from the viewpoint of the Banker.

The speakers at the meeting included Ronnie Quadros and Anjali Jain, Vice Presidents of Axis Bank. Both the group leaders gave their views on various issues in outbound investments and LRS such as repatriation of funds to be made within 180 days of the August 2022 circular even for the earlier remittances made and unutilised. Amongst other things, they also provided their view on the procedure to be followed in case of a change of residential status to a non-resident.

Apart from the above, various other doubts of the group were cleared by the group leaders that made the session interactive and facilitated group learning.

A hybrid workshop on the topic ‘Strength — Pillars of Relationship’ was held by the Society on 23rd June, 2023 at its premises. The workshop emphasised the following points:

• It is important to have TRUST in relationships. This is one basis of any relationship and trust is built on Character & Competency (the basis for Trustworthiness). Both are required for building Trust.

• It is also important to be AVAILABLE to each other as per mutual needs to have a strong relationship.

• Another learning is that RESPECT is the most important element in the relationship. Respect for the other person, irrespective of their status, age, demography and educational background, builds a relationship.

• We learned also about nine types of relationships and their features, e.g., Co-Dependent relationship between Doctor–Patient, husband–wife, etc.

• Also, an important learning was that there are six types of unhealthy expectations, e.g., “Everyone will like me”. This kind of expectation leads to pretending to be “what I am NOT”! And we become incapable of accepting others’ opinions and judgements about us.

• I don’t impose my views on my child and allow them to grow and flourish in their own way.

• Also learned about 10 known worlds, e.g., the world of Buddhahood being the highest as complete and full of perfect freedom.

• There are 20 ineffective habits, e.g., “Claiming credit that I do not deserve”, “Passing judgements on others”, and “Not listening to another person”. These habits come in the way for anyone to build healthy relationships.

• Then we learned about the Characteristics of Good Relationships like Communication, Patience, Commitment, etc.

• Overall, our awareness of how to build strong relationships has enhanced and this training will be of immense help in our development as a good human being.

5. HRD Study Circle Meeting to celebrate International Yoga Day

The HRD committee of the society organised a study circle meeting on the “Simple Yoga Asanas” for all ages to remain flexible and strong (Especially for the Busy Bee’s). The topic was presented by Mr Pradeep Thakkar, who:

1.    Explained and demonstrated exercises and benefits of common asanas for all ages to remain flexible, strong and healthy He also demonstrated exercises and explained benefits to get rid of osteo arthritis, knee pain, blood pressure, diabetes and be disease free.

Some more points elaborated by him on specific exercises included:
2.    Self-massage assana, which relaxes pain in the body.

3.    Pavan muktasana by which gases, in the body are released. It also gives relief from constipation and strengthens digestive system. Also provides benefits by relieving mental and physical stress.

4.    Shalabhasana (locust pose) provides stability to the spine and lengthens the upper back and arm. It can strengthen lower back and pelvic organs, hip joints, legs and arms.

5.    Siddhasana improves posture and straightens spine, hips, chest and shoulders. It increases flexibility in your hips and inner thigh muscles.

6.    Tadasana improves posture, alignment and balance.

7.    Vajrasana is also good for digestion. It relieves low back pain.

8.    Shavasana calms the body and relieves stress, depression and insomnia.

9.    Bhujang asana is good for the lower back. It is also good for flexibility.

Further, Mr Thakkar taught a number of asanas for flexibility, osteo arthritis, BP, Diabetes, thyroid, etc. The meeting was attended by 93 members, out of which 31 attended physically while 62 members attended the meeting online.

Visit the below link or scan the QR Code with your phone scanner app:

In the meeting held on 18th June, 2023, the HRD Study Circle discussed the benefits of effective communication. The topic for the meeting was, ‘Communicate to Convince. Creating Win-win situations.’ The meeting emphasised that it is very important to communicate with yourself and others in various situations. The purpose is met only when we communicate successfully to make the other understand and get convinced. Also, both parties have to be in a winning mode as a result of the communication. It is an art to communicate what you want and get what you want.Some of the steps required for effective communication include:

1.    Creating a rapport.

2.    Getting to where the other person is.

3.    Bringing the person to where you want him to get in order that both you and the other person are mutually benefitted and get what each other wants.

4.    The process was explained with examples.

5.    NLP is a process that helps to give and convey the right meaning to the other person so that the person conveying the message and the person to whom it is conveyed is as required.

6.    A complimentary complete course in NLP, Speed Reading and Productivity is being offered by Knowledge and Karma for all BCAS Members.

7. HRD Committee Workshop on Learning Technology for Senior CAs

The HRD Committee organised a half-day workshop for Senior CAs and their spouses. The workshop aimed to equip the participants with essential precautions while using technology and introduce them to valuable tools that can enhance their day-to-day lives.The workshop was led by CA Yazdi Tantra, a highly regarded and experienced technologist. Mr Tantra shed light on the effective ways to safeguard against the various types of online fraud. Additionally, he provided valuable insights into spotting fake news amidst the vast ocean of information and misinformation on the internet.

The speaker addressed the pressing concerns surrounding online security and illuminated various tactics employed by cybercriminals to target unsuspecting individuals. Participants gained in-depth knowledge about common types of cyber fraud, including phishing, identity theft, and online scams. Moreover, they learned practical steps to strengthen their digital defence, protecting their sensitive data and financial assets.

Further, the workshop delved into the art of distinguishing genuine news from fake news, rumours, and misleading content. Participants acquired valuable techniques to critically analyse information and make informed decisions, thereby minimising the spread of misinformation.

Participants actively participated in discussions and real-life scenarios to apply the knowledge gained during the session. This approach ensured a more profound understanding of the subject matter and encouraged open dialogues among attendees.

8. Suburban Study Circle Meeting on “Audit Trail — Compliance under CARO 2020 and Practical Challenges”

The Suburban Study Circle Meeting on the topic “Audit Trail — Compliance under CARO 2020 and Practical Challenges”, was held by CA Taher Pepermintwala as a Group Leader.

Making an insightful presentation, Taher shared his views on the following:

• Elaborate meaning and inclusions in ‘Audit Trail’

• Applicability of Audit Trail to various classes of companies and LLP

• Statutory provisions of Audit Trail under the Companies Act, 2013

• Regulatory implications for CA / CS professionals and matters to be included in the audit report

• Management responsibility

• Compliance checkpoints

• Illustration of an Audit Trail in various accounting systems

• Other practical challenges

The knowledgeable and practical session coveredall the points with numerous case studies to make it simpler for the group to understand it better.

The session had wonderful interactive participation from the group. A large number of queries from the participants were addressed satisfactorily by the group leader. Taher’s command of the subject was well appreciated by the group. The senior and experienced members’ guidance and experiences on certain issues enriched the discussion.

The participants benefited from the elaborate presentation shared by the group leader.

9. Indirect Tax Laws Study Circle Meeting on GST Refunds

The Indirect Tax Laws Study Circle organised a meeting on the topic, ‘Practical Issues in GST Refunds’. The group leader and speaker CA Shuchi Sethi prepared seven case studies, including a presentation covering the intricacies, on the following topics:1.    Refund of ITC on exports under LUT

2.    Inverted rated turnover for Refund under inverted duty structure

3.    Third proviso to section 54(3)

4.    Calculation of Net ITC for Refunds under 89(4) and 89(5)

5.    Relevant Date after Deficiency Memo

6.    Refund of ineligible credit by exporters

7.    Refund of tax paid on excess rates in case of all-inclusive price contracts

More than 100 participants from across India benefitted, participating in the meeting under the able guidance of the group mentor CA Jignesh Kansara.

The 14th edition of Jal Erach Dastur CA Students’ Annual Day under the brand of ‘Tarang’
had to be bigger and better. With this mission, the Students’ Team
embarked upon the journey with enthusiasm and dedication for Tarang 2k22, led by the student coordinators – Ms. Richi Monani, Ms. Divya Rai and Ms. Anushree Shah.

The
event was organized by the Students’ Committee under auspices of the
HRD Committee of BCAS. It was sponsored by Mr. Sohrab Dastur in memory
of his beloved brother Late Jal Erach Dastur. The Students’ Team
comprised of a group of 33 dedicated and enthusiastic students. It was
truly an event ‘OF CA students, BY CA students and FOR CA students.’ The
dull and monotonous perception regarding CA students was completely
changed when they were witnessed as event managers, anchors, talented
dancers and photographers too!

This year saw a huge enrolment of
550 students despite the delay in CA exams and the various pending due
dates. There were about 260 participants in Tarang 2k22, with the highest number of participants in the Talent Show and the Talk Hawk Competition. This year ‘Tarang’
reinvented its Short Film Making competition into Reel Making
Competition to create a fun-filled and thrilling experience for all the
students.

The 14th Jal Erach Dastur CA Students’ Annual Day – ‘Tarang 2k22’
elimination rounds were held at BCAS Hall on 18th and 19th of June,
2022 and the finale was held at K.C College Auditorium on 25th June,
2022.
 
The grand finale commenced with the lighting of the lamp by the HRD Committee and the student coordinators with the Ganesh Vandana and Saraswati Vandana playing in the background, invoking the blessings of Lord Ganesh (the god of Wisdom) and Maa Saraswati.
 
The three finalist teams of the ‘Antakshari Competition’ named ‘Deewane’, ‘Parwane’ and ‘Mastane’ were the first to compete on the stage. The Antakshari
had fun-filled and innovative rounds to test quick thinking though
tickling the lighter side of the participants. Everyone was quite
surprised to witness the accuracy of CA students, even in the arena of
Bollywood trivia and songs. The event was hosted by CA Hrudyesh Pankhania and CA Utsav Shah. Overall, it provided a great start to the event, and the audience got hooked from the beginning of the show.

The next event to follow was the ‘Debate’, wherein there were 8 finalists. The moderator for this event was CA Jigar Shah
who amazed the audience with his moderation skills. The topic for
Debate was “Content on OTT should not be censored” The jury and the audience were impressed with the debating skills of CA students. There were loud cheers among the audience as well.

The
next event was ‘Talk Hawk’ (sponsored by Smt. Chandanben Maganlal Bhatt
Elocution Fund), wherein the three finalists had to give a 4-minute
talk on any one of the topics. This enabled a level-playing field for
all participants who gave impressive performances on their chosen
topics. It was a close contest and even made it tough for judges to
decide the winner. One could only gasp at the ability of CA students to
give motivational talks with such wit and vigour.
 
Then, the time had ripened for the most awaited event of the evening – CA’s Got Talent. The singers had assembled, guitars, dholkis and
other instruments were in place, dancers were on their feet, and actors
began polishing their lines before they could thrill the audience with
their phenomenal performances. To give a spirited kick start to this
most awaited event, the Students’ Team presented a 4-minute musical
tribute to our beloved singers Lata Didi and KK. This was followed by a
3-minute dance flash mob by the Students’ Team which CA Rishikesh Joshi choreographed.

The
audience could figure that the spectacular flash mob was just a trailer
to what they were going to witness in the Talent Show. And rightly so,
the overall nine performances in various categories like music (which
included singing and instrumental), dancing and other performing arts
category enthralled the audience. The judges were fascinated, rather
bewitched, by the talent of young CA students. They indeed had a
mountainous task of choosing the winner in each category.

Post
the Talent Show, the winning film of Reel making competition –
‘TarangReelsStar’ was played. The reels were so precisely shot that one
could easily imagine CAs as the next social media influencers and
content creators.

Next, the best photographs from the Photography Competition ‘Khinch Le’
were displayed on the stage. For the public choice award, photographs
were put up by the participants on the BCAS Tarang Page, and the
photograph with the maximum likes was declared the winner. Participants
were given themes on which they had to click creative photographs and
post them on the Instagram Page with an innovative tagline based on the
theme selected. This competition saw a record participation of 51
entries which kept the Instagram Page thundering for weeks. With such
mind-boggling photographs, the judges indeed had a herculean task of
selecting the best one here as well.
 
With the clock ticking, the
participants began crossing their fingers as the moment of judgement
was here. The winners of the competition, representing their firms, were
finally announced. The list of winners is as under:

Essay Writing Competition – ‘Awaken the Writer Within!’

Talk Hawk
– ‘Aspire to Inspire’

Talent
Show ‘CA’s Got Talent’

Antakshari
Competition – ‘Suro ke Sartaaj’

Slogan
& Sketch Competition – ‘Leave Your Mark’

Photography
Competition ‘Khinch Le’

Reel
Making Competition ‘TarangReelStar’

Debate
Competition – ‘War of Words’

Judges for the Various Competitions were as follows:

The entire evening was marvelously anchored by the Masters of
Ceremony – Mr. Aditya Sharma, Mr. Ankush Chirimar and Ms. Eesha Sawla
with their sheer display of energy coupled with the mind-blowing
performances. Together, they ensured that the audience had no reason to
lose their attention during the entire show.
 
Ms. Labdhi Mehta
proposed the well-deserved vote of thanks to Mr. Sohrab Erach Dastur for
sponsoring the annual day in the fond memory of his brother, late Jal
Erach Dastur, the family of Smt. Chandanben Maganlal Bhatt for
sponsoring the Elocution Competition, the members of the Managing
Committee, HRD Committee, the Coordinators of the Annual Day, the
photographers for the event, BCAS Staff, parents, principals of CA
students, sound technicians, the vibrant team of student volunteers and
all the CA students for participating in big numbers.
 
A
scrumptious dinner was arranged after the event for all those who marked
their presence at the annual day. The underlying purpose of the event
was to not only develop and encourage skills and extracurricular
participation but also to bring together the entire CA fraternity which
was very well achieved this time too. At last, with a sense of
satisfaction, joy of success, lasting motivation and some unforgettable
memories, we had to call it a day.

With the 14th edition scaling new heights and raising the bar, all eyes are now set on what the next edition offers.

Youtube Link:
https://www.youtube.com/watch?v=qz7_sn7aYzQ

HRD Committee arranged a webinar on Power of Attraction by Naz Chougley on 30th June, 2022 and 1st July, 2022 (between 5.30 pm to 8 pm). Naz Chougley is the co-founder of ‘Asip Rise’ , a wellness company serving to empower lives. She is a life coach, meditation teacher, holistic healer, behaviour analyst and corporate trainer. The purpose of the webinar was to understand the principles of the law of attraction, how to handle stress and the power of working with intentions and practices to stay positive and to forgive.

The webinar was attended by 60 persons. The coach agreed to share some more thoughts for practices through the WhatsApp group. Hence, a WhatsApp group of participants was formed after the webinar. Participants were shared video recordings of the webinar for a recap and better understanding of the subject. The deliberation by Naz Chougleyji was highly appreciated by all the participants. It was felt that very powerful practical tips were shared that could be applied in practical life, and good results can be achieved. To enhance the benefits, it was decided to organise a recap webinar in September, 2022.   

FOUNDING DAY LECTURE BY MR. N. CHANDRASEKARAN

The BCAS Founding Day Lecture is a treasured legacy of the last many decades that has culminated into a best-in-class thought-leadership platform witnessing addresses by luminaries and leaders in the fields of profession, industry and government, among others. This year’s Founding Day Lecture further raised the bar with an insightful and engaging lecture by Padmabhushan Shri N. Chandrasekaran, Chairman, Tata Sons.

On 6th July, 2022, at the 74th Founding Day of BCAS, Mr. N. Chandrasekaran addressed the BCAS community on ‘Future Trends, Risks and Opportunities’ in the Indian context. In witness of a packed auditorium at MCA The Lounge at Wankhede Stadium, Mr. Chandrasekaran shared his insights into emerging trends in the near future along with the risks and opportunities that they may propagate.

He set the context in the backdrop of the last two years, emphasising that the change we have seen over the previous two years is almost equal to a decade of experience. The pandemic brought the world economy to its knees, and it was almost unthinkable that the world was at a standstill.

He emphasized that the world witnessed a sharp stock market slump and a sudden rise,  contracting GDP followed by a huge bounce-back, a military conflict and the stock market reaction. He expressed that we would continue to witness turbulence – military conflicts, supply chain constraints, etc., which will remain consistent in the near future.

Coming out of the pandemic waves, the expectations of a high-growth high-inflation economy have withered, and what we are experiencing is a slow-growth and super-high-inflationary economy.

On the positive side, he stated, we experienced a fantastic display of the human spirit, people adapting to the hardship, poor and rich equally, and the phenomenal adaptation of digital technologies – schools, shopping, work everywhere globally went digital. We also witnessed massive innovation, i.e., a vaccine produced in less than a year – probably, the largest effort globally to vaccinate 7 billion people. And in all this, if we look at the future, things are happening which will point to certain directions the world will take for businesses, society and nations. Out of the many such trends, he delved into four trends which he believes are fundamental shifts. He deeply felt that these trends would have a huge impact and are highly favourable for India, significantly increasing our country’s growth velocity.

1. Digital Adoption –  Digital Adoption is here to stay. Through the last two years, we have gained an adoption advantage of 10 years. This is a huge advantage for India as we have peculiar problems that cannot be solved otherwise. From an Indian perspective, our societal issues are surrounded by a lack of access and jobs. During the pandemic, rural kids lost two years. Similar was the case with hospitals. And we can’t solve this problem by building lakhs of schools and thousands of hospitals. The only way is to use digital technology to leverage the impact by creating jobs that can support the experts. So, when you provide access, you can include people in the market who are currently not in it. This will also push the formalization of jobs, change society and bring societal equality to some extent. From a business perspective, every business will be a digital business. On whether bots will take over jobs? He replied that he doesn’t think so, not in India. It will only expand the job landscape.

2. Sustainability – Moving towards a green economy is irreversible. We are seeing this in many western countries. People post-pandemic do not want to come to the office. Fortunately, we don’t have that problem. The pressure on countries to go carbon-free will remain, and the dates we keep hearing for meeting goals will only advance as time progresses.

India has a huge advantage in this as well. Whilst developed countries are required to replace their existing infrastructure with green infrastructure, we in India are still building our infrastructure. This will help us to build green infrastructure directly. Going forward, many jobs and businesses that revolve around sustainability will be created.

3. Supply Chain Resilience-  In all his years at work, he stated that they never had a business plan which was not ‘demand based’. For the first time, business plans are being built on supply availability. So, we are getting used to different ways of working. Earlier businesses required supply chains to be quick and efficient, while today, the need is for supply chains to be fast and ‘resilient’. The element of resilience would mean having alternate manufacturing and supply locations, and India will be a key beneficiary.

4. Talent – The fourth and perhaps the most pertinent trend is how the talent landscape pans out. He expressed that we are in a race and are still learning the future of work. Work from home (WFH) and work from anywhere (WFA) are new models, and modern-day technologies have enabled them. Perhaps, the ‘workplace and the workmen’ have been separated for the first time in human history. This trend is emerging, and we are seeing the gig economy grow on this trend. The adoption of technology will also help enhance women’s participation in India’s workforce.

Shri N. Chandrasekaran continued his thoughts and answered a few queries from the attendees.

CA Anand Bathiya proposed the vote of thanks.

The lecture can be viewed on the following:

YouTube Link:
https://www.youtube.com/watch?v=4BCEXL1Uv-I

CA Priyanshu Shah, in his detailed presentation, covered Changes in ITRs, Dividends, Residential Status, Special Economic Presence, Taxability of Interest on Provident Fund, Investment in un-incorporated entity and Taxability of ESOPs. He elaborately explained the changes in rules, sections and in schedules in ITR form with illustrations. He meticulously addressed all the relevant amendments.

The session was interactive, whereby the speaker answered all the queries raised by the participants. The session ended with Student Study Circle Co-ordinator, Mr. Harsh Shah, proposing a vote of thanks to the speaker. With the ITR filing due date round the corner, the topic had its own importance which could be easily seen by the tremendous response from the students. Overall, 270+ students participated and benefited from the session.

Youtube Link:
https://www.youtube.com/watch?v=jW6VXxQDz1Q