NOSTALGIA
Reproduction
of the Third News Letter of the Association written by
Shri J. Gopalkrishnan, President (1969-1971)
The
Mysore State Chartered Accountants' Association
No.
15-16, Ramakrishna Buildings, Narasimharaja Road, Bangalore
- 2.
| PRESIDENT'S
LETTER No. 5. |
30th
November 1969 |
"The
essential idea of `learned profession' which can not in
the modern context, be merely limited to the original
categories of church, Medicine and Law is that it is the
pursuit of an avocation, or occupation, substantially
involving the INTELLECT. There is complimentary feature
to this that the services rendered by a learned profession'
are primarily characterised by an equipment of learning,
skill or judgment, acquired through INTELLECTUAL MEANS;
the employment of capital for this purpose is, or should
be, largely subsidiary or incidental in character. So
long as these criteria are fulfilled such a profession
is a "learned profession". …….. Since
Chartered Accountants and Auditors definitely constitute
a `learned' or liberal `profession', which can not be
termed as `industry' within the definition, it is a necessary
consequence that writ petition must be allowed, and the
preliminary order of the Labour court set aside ———."
….
(Fraser & Ross Vs. V. Sambasaiva Iyer and another
(1968) 38 Comp. Cases P. 256).
My
Dear Friend,
Education
and continuos education is an integral part of every progressive
`learned profession'. The members of any learned profession
shall never remain complacent nor be content boastful
of their nomenclature. Life is always full of challenges
and opportunities. A member of a learned profession looks
forward to these challenges and opportunities, not only
with confidence and capacity, but also to extend the sphere
of influence and activities. For these challenging tasks,
the member equips himself adequately and efficiently.
We shall therefore pledge ourselves to this idea of continuous
education and work for it.
PRESIDENT'S
VISIT : Shri H.B.Dhondy, the President, will be in
Bangalore on 6th and 7th December
1969. A dinner meeting is being organized on 6th
night in honour of his visit. All the members are requested
to respond generously and contribute to the
success of the function.
STUDY
CIRCLE MEETING: The study circle meeting for the
month of November was held on 8th November
1969 and was addressed by Shri G. Lakshmipathiah, Chartered
Accountant, Bangalore, on "PROPOSED AMENDMENTS TO
DIRECT TAX LAWS". Shri G. Lakshmipathiah, is at pains
taking Chartered Accountant with an ability to put forward
his point of view with candour and courtesy. He dealt
on various important amendments in simple and understandable
style, having had the benefit of dealing with the same
subject at the Rotary Club Meetings, with which he is
actively associated, his speech was precise and well thoughtout.
The talk stimulated lively debate on various issues.
THE
DECEMBER MEETING will be held on 13th December,
1969 and will be addressed by Sri V. Jagadisan, Chartered
Accountant, Madras. Sri V.Jagadisan
is currently credited as leading tax expert, who brings
to bear on the topic of study, his eredite scholarship,
remarkable powers of analysis and originality of approach.
His academic and professional achievements fill a catalogue.
He is University lecturer for M.Com., at Loyala College,
Madras, for Accountancy and Auditing, besides being the
Institutes Lecturer to CA students, on all Direct Taxes.
It is our great good fortune that he has accepted our
invitation to address on a tax topical interests. "IMPORTANT
ASPECTS OF TAXATION OF HINDU UNDIVIDED FAMILIES".
ALL THE CHARTERED ACCOUNTANTS, STUDENTS ARE ALSO WELCOME
TO ATTEND THE MEETING.
THE
PROGRAMMES for the months of January and February
will be as follows.
10th
January 1970 … Sri J.S. Srinivasan, Chartered Accountant,
Bangalore…...Organisation
of Tax Practice
13th
February 1970 … Sri K.P. Rao, Chartered Accountant,
Bangalore ….Study of Balance Sheet and Profit
and
Loss, utility and application of Accounting Ratios.
All
the members may make it convenient to attend every study
circle meeting without fail. Please make the second Saturday
a habit, and a very good habit, at that:
LECTURE
MEETING: Sri G.Sarangan, Advocate, Bangalore addressed
the members on "WEALTH TAX ON AGRICULTURAL LANDS",
on 22nd November 1969. Sri G. Sarangan is no
stranger to the practitioners and Company executives alike.
Joining Income Tax Department under cadre of Indian Revenue
Service, while on the verge of elevation to the higher
office, he quit the service to join the ranks of the learned
members of the bar. A rank holder in the law degree examination,
his experience both as a tax administrator and, now, as
tax consultant, help him to analyse the legal situations,
from a practical angle. With the extention of wealth tax
to the agricultural sector from the assessment year 1970-71,
a great deal is to be known about the constitutional aspects
of this new levy.
Many
more practical problems may arise in valuations etc. A
detailed study on all these aspects, at this juncture
is educative to the members. Those who attended the lecture
must have profited by his expert analyses constitutionality
of the levy.
It
is proposed to organize more such LECTURE MEETINGS, on
subjects of professional interests.
FOURTH
CONFERENCE AT CALCUTTA BETWEEN 19th & 21st
DECEMBER 1969 :Conferences of this type enable us to take
stock of the developments that are taking place all around
us, and the ways and methods devised by the members of
the profession to assimilate these developments, to establish
a progressive outlook. We extend warm greetings to all
those delegates, from our ranks, who will be attending
the conference and wish them all success in their participation.
ESSAY
COMPETITION : The final date for receipt of essay
papers is extended to 15th January 1970. All
the members are requested to bring this information to
the notice of their articled and audit clerks.
THINK
IT OVER
- "
The mouth of the wise man " , said Solemen, "
is in his heart; the heart of a fool is in his mouth
"
-
Memory is a fertile field ; cultivate it.
-
Precipitate action reveals a weak mind ; Prompt action
an efficient one.
To hell with you must be a healthy excursion.
IN
LIGHTER VEIN : ( I am giving below a cute little poem
about CAs all in good humour. Please check up your type
with reference to the day of your enrollment as C.A. It
is taken that Sunday being a holiday, no enrollment is
done on that day. Those who have been enrolled on Sunday,
please write to me. Now for your lucky-diddle ) :
Monday's
C.A. is a man of moods;
Tuesday's
is known to deliver the goods;
Wednesday's
C.A. trusts in luck;
Thursday's
man is full of pluck ;
Friday's
is an unfailing guide;
Saturday's
sails with the tide.
Sunday's
C.A. is an exception ; he never exists, enjoy this little
literary gymnastics.
(ANSWER
FOR THE PROBLEM OF LAST MONTH : Number of brothers in
the family of Messrs. Prosperous Brothers is four)
This
is the last letter for 1969. I shall greet you again in
1970, with the New Year Greetings.
Yours
sincerely,
J.
Gopalakrishnan
