• Newsletter for the Month of December - 2014 +

    Click here to download newsletter   Read More
  • 1

Office Bearers for the year 2014 - 15

President's Desk - December 14

Dear Professional Friends,

Karnataka MobileOne, the much anticipated initiative from the state government was launched at Bengaluru, on Monday, 8 December. The multi-mode mobile governance service could be accessed both on feature phones and smartphones, including on iOS and Android platforms. It reportedly brings over 4000 services, including 637 government services & 3,644 private services right to the citizens' fingertips thru mobile app. People can access various services at all time and throughout the year. They can book railway and government transport bus tickets, pay property tax and utility bills (electricity, water, phone etc..), file income tax, apply driving license, file m-passport and more making it the country's and also the world's largest multi-mode mobile governance platform.

A debate has begun in Delhi on a Gujarat notification making voting compulsory in local elections, with supporters urging a similar move at the national level and critics' arguing it's a violation of citizens' freedom. It was observed that due to low turnout of voters to discharge their duty by exercising their right to vote, the true spirit of the will of the people is not reflected in the electoral mandate. Compulsory voting will enable people to be more aware about their local bodies and administrative system and would help in reducing the corruption and purchase of vote.  

The recently concluded G20 Summit acknowledged that corruption continues to represent a significant threat to global growth and financial stability. It destroys public trust, undermines the rule of law, skews competition, impedes cross-border investment and trade, and distorts resource allocation. The summit reaffirmed its commitment to building a global culture of intolerance towards corruption. The action plan outlined includes ensuring transparency of beneficial ownership, combating bribery through effective criminal and civil laws and enforcement, private and public sector transparency and integrity and international cooperation. We urge members to participate positively in reducing the corruption from our system and business.

Talking about our profession, we heaved a sigh of relief with the annual income tax filing season for AY 2013-14 coming to an end. And K-VAT annual Form 240 certification and filing should be completed by the end of this month. To enrich the members' knowledge on TDS Provisions & Reassessment Procedures, Basavanagudi CPE Study Circle is organizing a CPE workshop on “TDS Provisions and Reassessment Procedures-Practical Issues” on 20th December 2014 at Sri Bhagwan Mahaveer Jain College Bengaluru and request the members to make use of this opportunity & enrich their knowledge.

KSCAA, jointly with Bangalore Branch of SIRC of ICAI, is organising a Cricket Tournament for members on 14th December 2014 and Sports and Talent Meet for members and family on 21st December, 2014. The details are provided elsewhere in this news bulletin. We invite all members to participate with their family and enjoy the events.

An International Study Tour to Indonesia, Bali and Malaysia has been organised by Bangalore Branch of SIRC of ICAI jointly with other branches of SIRC of ICAI in Karnataka and Karnataka State Chartered Accountants Association from 3rd to 9th February 2015. The details, about the tour have been provided elsewhere in the news bulletin. Members may make use of the opportunity and confirm your bookings before 25th December 2014. 

To encourage and increase the KSCAA membership, from last month, we have started a Membership Drive on every 3rd Saturday of the month. This month, KSCAA membership drive has begun from Kalaburagi. We thank the members of Kalaburagi for responding to our initiatives and we promise to serve better for their needs in profession. We request the members to encourage the other ICAI members in the state to be part of KSCAA.

Preparations for the KSCAA 27th Annual conference has begun with a meeting of senior members and mentors of our association on 6th Dec, 2014 to decide on the topics, speakers and resources etc.  

As New Year going to start, I wish good times live on in our memories and may we learn lessons from the troubling times that will make us stronger and better than ever. KSCAA extends its heartiest & warmest greetings to all the members on the eve of Christmas and New Year 2015 and wish them and their family health, happiness, prosperity and advancement in the professional endeavours. It is time to enjoy the winter chill and ring in the New Year.

I take this opportunity to place on record our sincere gratitude to the founders and mentors of KSCAA on this 57th founders' day and pledge our continued commitment to KSCAA and our profession.   

Wish you happy and Prosperous New Year 2015

In service of the Profession,

CA. Raveendra S. Kore

President