Dear Esteemed Members and Students,
The month of March has been both dynamic and enriching for our Branch, reflecting our continued commitment towards professional excellence, knowledge enhancement, and inclusive growth. As the regulatory landscape evolves with the introduction of the New Income Tax framework, all members are encouraged to adopt a proactive and inclusive approach in understanding and implementing these changes, with a shift towards a more advisory-driven role.
During the month, we successfully organised a range of impactful programmes including the International Women’s Day celebration aligned with the WIRC theme “Rise, Lead, Transform – Beyond Boundaries” (with the broader international theme of “Give and Gain”), along with insightful sessions on Artificial Intelligence (Level 1), Bank Branch Audit, Capital Market Strategies, and Investment Planning, all of which received an encouraging response. The Students’ Annual Fest, graced by our esteemed past Chairmen, was a proud moment showcasing the vibrancy of our student community, along with the Articleship
Placement Drive which provided meaningful opportunities to aspiring professionals. In line with our commitment to continuous learning, Sunday programmes are being organised especially for members in industry to facilitate knowledge sharing without disrupting professional schedules. Building on this momentum, the Branch will be conducting focused sessions on the New Income Tax Act, New Labour Laws, AI Level 2, and DISA, aimed at equipping members with future-ready skills.
I strongly encourage all members to extend their wholehearted support and give a positive response to the Membership Drive, as a stronger and more connected fraternity will enable us to create greater professional value and collective growth.
Further, we are fully committed to putting our best efforts towards acquiring dedicated premises for the Navi Mumbai Branch. In this regard, I appeal to all members to actively contribute by sharing or suggesting suitable plots in Navi Mumbai in the range of approximately 12,000 to 15,000 sq. ft., which will be a significant step towards building a permanent and vibrant hub for our professional activities.
As an important development, the ICAI Accounting Standards Board has announced phased applicability of the Guidance Note on Financial Statements of Non-Corporate Entities & LLPs. The same will be applicable from FY 2025–26 for entities having turnover exceeding ?5 crore and from FY 2026–27 for all entities. The Branch will be organising a dedicated programme on this important update to ensure members are well prepared for its implementation.
With Warm Regards,
CA Rajendra Phadke
Chairman,
Navi Mumbai Branch of WIRC of ICAI