Society News for the month of June 2026
Details:
1. BCAS Jointly with TAASI Presents: A 2-Day Knowledge Symposium & Summit held on Friday, 15th May 2026 to Saturday, 16th May 2026 @ Residency Towers, Avinashi Road, Coimbatore.
As part of its outreach initiative, the Bombay Chartered Accountants’ Society, in collaboration with The Auditors’ Association of Southern India (TAASI), organized a two-day conference in Coimbatore, attended by over 100 participants. The program was thoughtfully designed to meet the specific needs of industry professionals and practicing members in the region.
The conference opened with a welcome address by CA Zubin Billimoria and CA S. Venkatesh, Presidents of the two organisations, followed by a keynote address by CA G. Ramaswamy, former President of the Institute of Chartered Accountants of India. In his address, he underscored the importance of continuous professional learning, ethical governance, and financial discipline in today’s rapidly evolving business environment.
The first technical session, titled “Preparation for an IPO,” was delivered by Adv. Manan Lahoty along with Ms. Janhavi Manohar and covered the key preparatory steps involved in an IPO, including timelines, promoter identification, estate planning, corporate restructuring, board constitution, due diligence, and financial readiness. The session also explained the distinction between public and confidential filing frameworks and discussed how companies can assess and strengthen their IPO preparedness.
This was followed by a presentation by Mr. Jinesh Doshi on IPO valuation, viewed as a strategic exercise in sustainable wealth creation rather than a mere fundraising event. He highlighted the role of valuation, pricing discipline, governance quality, and investor confidence in ensuring long-term IPO success, while cautioning against aggressive pricing and weak post-listing performance. The session on succession planning through private trusts was presented by CA Paresh P. Shah, who outlined the objectives, structures, and advantages of private family trusts as compared with wills, gifts, HUFs, and family arrangements. He also covered key legal and tax considerations under the Indian Trusts Act, the Income-tax Acts of 1961 and 2025, FEMA, and relevant international aspects, including the taxation of determinate and discretionary trusts, stamp duty, anti-avoidance rules, and an offshore trust case study.
On the second day, a Tax Summit was held, during which five speakers addressed the delegates on various topics relating to direct and indirect taxation. CA Raghavender Kuncharapu spoke on the practical issues surrounding e-way bills and the movement of goods under GST, including detention, interception, documentation checks, route and vehicle changes, and the response strategy under Sections 68, 129, and 130.
This was followed by Taxation Bytes, where CA Abhinav Venkatesh presented a detailed overview of the minimum alternate tax framework under the Income Tax Act, 2025, covering applicability, tax rates, book profit computation, MAT credit, filing requirements, and key amendments and judicial precedents. CA V. Venkatram then examined the GST treatment of OIDAR services, intermediary services, and electronic commerce, with emphasis on place of supply, time of supply, registration, recipient-side compliance, and the evolving jurisprudence in cross-border digital transactions.
The summit also featured a session on the tax and FEMA implications of cross-border remittances, presented by Dr. CA Mayur B. Nayak, who discussed TDS on payments to non-residents, Form 15CA/15CB and Form 145/146 compliance, LRS limits, overseas direct investment, and the treatment of foreign assets and business remittances under FEMA. The conference concluded with an interactive session by CA Sunil Gabhawalla on input tax credit under GST, including eligibility conditions, matching and reversal rules, blocked credits, fake invoicing concerns, ISD and cross-charge issues, and important judicial precedents.
2. Special Session for under privileged students by BCAS Foundation. 28th April 2026
BCAS Foundation has taken up a number of activities to contribute to the society in many different ways. One such activity was undertaken by the BCAS Foundation at the request of Rangoonwala Foundation (India) Trust, to empower youths in Mumbai’s slum areas. Rangoonwala Foundation (India) Trust is running a number of centres in different parts of Mumbai bastis to empower women, children and you ths belonging to the marginalised sections of the society through various activities. The sessions were held at the training centre of the Rangoonwala Foundation (India) Trust at Jogeshwari (East) on Tuesday, 28th April, 2026.
Dr CA Mayur Nayak, conducted a special session on “Goal Setting and Overcoming Failure“. He motivated youths to set goals in life, think big, be positive and develop a strong mindset to overcome failures and challenges of life. Youths were inspired and engaged actively through practical examples, motivational stories and attractive PowerPoint presentation.
The session on “Grooming & Personality Development” was conducted by CA Mihir Sheth. The idea was to give the students orientation on importance of grooming and how it can help them transform into a well- rounded personality to succeed in real world. The workshop was conducted with practical life examples which helped students to learn about grooming externally and internally too, through practical exercises, activities, videos to make them future ready. Topics covered were personal hygiene, dressing, communication skill, confidence building, time management, social etiquette, digital etiquette, goal setting etc.
Mr. Namit Vanmali, Key Person in the Leadership Role at the Rangoonwala Foundation (India) Trust facilitated the session.
35 students from 10th to 12th standards enthusiastically participated and interacted with the faculty in this Life Skill session which was a part of the 3 day Yuva Saarathi Workshop.
3. Webinar on IBC Amendment Act, 2026 and Corporate Laws Amendment Bill, 2026 – Key Changes and Practical Implications held on Tuesday, 28th April 2026 @ Virtual.
The Finance, Corporate and Allied Laws Committee of the Bombay Chartered Accountants’ Society organised a webinar on “IBC (Amendment) Act, 2026 and Corporate Laws (Amendment) Bill, 2026 – Key Changes and Practical Implications” in view of the notification of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 on 6th April 2026 and the proposed Corporate Laws (Amendment) Bill, 2026, which are expected to significantly influence the regulatory and compliance landscape. The objective was to familiarise members with the legislative intent and the key practical implications for businesses and stakeholders.
The programme was conducted in two segments. CA Sunil Kumar Bansal discussed the key amendments under the IBC framework, covering critical changes and implications of the same. CS Amita Desai covered the proposed changes under the Corporate Laws (Amendment) Bill, 2026, highlighting emerging issues and implications for corporates and professionals.
The webinar received an encouraging response from members across practice and industry. 26 participants enrolled for this webinar from 13+ cities participated in the webinar. Participants appreciated the clarity of explanations and the practical insights shared by the speakers.
Scan to watch online at BCAS Academy
4. BCAS Reading Forum | Inaugural Session held on 21st April 2026 @ BCAS – Hybrid.
BCAS inaugurated the ‘BCAS Reading Forum’ with an interactive session featuring Mr. Shantanu Naidu, author, entrepreneur and founder of ‘Bookies’. The Forum has been initiated with the objective of reviving the BCAS library and creating a community around the idea of reading through discussions, curated conversations and reading-led engagements, centered around the thought – “Read, Discuss, Reflect, Rise!”
The session focused on the role of reading in an increasingly fast-paced and AI-driven world. Shantanu shared his thoughts on how reading helps build empathy, attention, reflection and independent thinking, and why books continue to remain relevant even in an age dominated by digital content and short-form media. A key takeaway from the discussion was his “50:50 theory”- if one carries a book, there is always a possibility of reading it, whereas not carrying one almost certainly results in replacing reading time with scrolling. He also spoke about the importance of nurturing hobbies, engaging in offline activities and consciously protecting one’s attention span.
Participants were introduced to the idea behind Bookies, a reading movement that encourages silent community reading and meaningful conversations around books. The session also explored how stories, biographies and narrative non-fiction can shape perspectives and influence personal and professional growth.
The launch of the BCAS Reading Forum also marks a renewed focus on the BCAS LIBRARY and its lending facilities. Members and student members are encouraged to explore the Society’s library collection, enroll for the lending facility, borrow books, and become part of a growing reading community at BCAS. In an age of constant scrolling and shrinking attention spans, the Forum seeks to create space for deeper reading, reflection and meaningful conversations.
The event concluded with an engaging interaction with participants, including a rapid-fire segment and audience questions. Several book recommendations were also shared during the session, including Tuesdays with Morrie, A Man Called Otto, The Book Thief, The Old Man and the Sea and A Gentleman in Moscow.
The inaugural session set the tone for the BCAS Reading Forum’s future initiatives aimed at building a sustained culture of reading, discussion and reflective learning within the BCAS community. Watch this space for more reading-led conversations and community engagements.
Scan to watch online at YouTube
5. Webinar on New Income Tax Rules, 2026 – Decoding the New Tax Framework held on Monday, 6th April 2026 @ Virtual.
The Direct Tax committee of BCAS had organised a webinar on the new Income Tax Rules, 2026 in virtual mode to address the new Income Tax Rules 2026 and the allied new forms.
CA Ashok Mehta opened with a structured comparison of the TDS provisions under the Income Tax Act, 1961 vis-à-vis the new Income Tax Act, 2025, covering the revised threshold amounts and applicable rates of deduction. He then walked participants through the changes in applicable forms and due dates, with a focused discussion on the new Forms 145 and 146 governing foreign remittances and international tax provisions. Form 141 and the mandatory TIN requirement for foreign payments were explained in particular depth.
The changes in the salary perquisites valuation like the motor vehicle, education allowance, free meals, gift vouchers, amendments in house rent allowance were discussed as per the new tax provisions. Some practical aspects such as taxation of salary arrears, Form 130 (erstwhile Form 16), and transactions requiring mandatory PAN quoting were also covered.
Lastly, the session concluded with a detailed discussion on the revised Tax Audit form and key changes in the Transfer Pricing report, equipping participants with the clarity needed to maintain requisite records for audit purposes.
The webinar offered a comprehensive and practice-oriented walkthrough of the significant amendments brought in by the new Income Tax Rules, 2026
Scan to watch online at BCAS Academy
II. BCAS IN NEWS & MEDIA
- BCAS has been featured in several news and media platforms, showing our active involvement, professional contributions, and commitment to the field. This reflects the growing recognition of BCAS in the public and professional space.
Link: https://bcasonline.org/bcas-in-news/
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