BCAS

𝗕𝗖𝗔𝗦 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗼𝗳 𝗠𝗮𝗵𝗮𝗿𝗮𝘀𝗵𝘁𝗿𝗮 𝗲𝘅𝗽𝗹𝗼𝗿𝗲 𝗮 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗠𝗦𝗠𝗘 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁.

The Bombay Chartered Accountants’ Society (BCAS), through its 4i Committee, is exploring a collaborative initiative with the Government of Maharashtra to leverage professional expertise for greater impact in financial education and MSME development.

A BCAS delegation met with the Hon. Governor of Maharashtra, Shri Jishnu Dev Varma, to discuss strengthening collaboration between Government, academia, industry and the professional community.

The delegation comprised BCAS President CA Kinjal Shah, Past President CA Mihir Sheth, and CA Chirag Doshi, Past President and Chairman – 4i Committee.

Key areas discussed included:

🔹 Financial Education – Providing students with practical exposure to accounting, taxation, finance, financial literacy and business decision-making.

🔹 MSME Capacity Building – Training and practical support in financial management, taxation, compliance, governance, risk management, access to finance, technology and business growth.

The meeting also explored the possibility of a Joint Committee of relevant stakeholders, with a pilot programme as the first step towards developing a scalable framework across Maharashtra.

The initiative reflects BCAS’s continued commitment to bringing together professional expertise, institutional collaboration and practical knowledge to create meaningful impact for students and the MSME ecosystem.

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

End-of-life care is not only a matter of medical ethics. With recent developments in Maharashtra, it has also become an important area of healthcare governance, documentation and compliance.

In this insightful article, Prof. Dr. Nikhil Datar, Senior Gynaecologist, examines Maharashtra’s evolving framework for Advance Directives and end-of-life decisions, and explores:

🔹 What the Supreme Court permits in relation to withholding or withdrawing life-prolonging treatment
🔹 How Advance Directives or Living Wills can record a person’s wishes regarding medical treatment
🔹 The simplified procedure for executing an Advance Directive
🔹 The role of district-level custodians in receiving, preserving and digitising Advance Directives
🔹 How Primary and Secondary Medical Boards evaluate requests for withholding or withdrawing treatment
🔹 The governance, documentation and liability implications for hospitals and healthcare institutions

The article highlights an important shift:

End-of-life directives are no longer merely a legal concept on paper — they require an institutional framework, documentation and compliance mechanisms to work in practice.

For hospitals, boards, trustees and professionals advising healthcare institutions, understanding this framework is becoming increasingly important.

Read the full article:
https://lin-k.ai/BCAJ-Issue-September-2026

Listen to the BCAJ September 2026 Audio Version:
https://lin-k.ai/BCAS-BCAJ-September-2026

Subscribe to BCAJ:
https://bcajonline.org/subscription/

BCAJ September 2026 | Death with Dignity → Directives

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

🌍 𝗦𝗔𝗩𝗘 𝗧𝗛𝗘 𝗗𝗔𝗧𝗘 | 𝟯𝟭𝗦𝗧 𝗜𝗡𝗧𝗘𝗥𝗡𝗔𝗧𝗜𝗢𝗡𝗔𝗟 𝗧𝗔𝗫 & 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 𝗖𝗢𝗡𝗙𝗘𝗥𝗘𝗡𝗖𝗘

The International Taxation Committee of the Bombay Chartered Accountants’ Society (BCAS) is pleased to announce the 31st International Tax & Finance Conference.

Under the theme “A More Connected World”, the conference will bring together professionals and thought leaders to engage with evolving perspectives in international taxation, finance and the increasingly interconnected global landscape.

📅 8th – 11th April 2027
📍 Kolkata

✨ Save the Date!

The conference is being led by:

Chairman: Dr. CA Mayur Nayak
Co-Chairman: CA Anil Doshi
Conveners: CA Mahesh Nayak | CA Jagat Mehta | CA Nemim Shah
Conference Directors: Adv. (CA) Utsav Hirani | CA Smeet Madlani

More details to follow.

Mark your calendars and get ready for a more connected world of tax and finance.

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

📢 𝗗𝗜𝗥𝗘𝗖𝗧 𝗧𝗔𝗫 𝗥𝗘𝗧𝗥𝗘𝗔𝗧 𝟮.𝟬 | 𝗪𝗵𝗲𝗿𝗲 𝗧𝗮𝘅 𝗟𝗮𝘄 𝗚𝗲𝘁𝘀 𝗔𝗿𝗴𝘂𝗲𝗱, 𝗣𝗶𝘁𝗰𝗵𝗲𝗱, 𝗦𝘁𝗿𝗲𝘀𝘀-𝗧𝗲𝘀𝘁𝗲𝗱 & 𝗥𝗲𝗶𝗺𝗮𝗴𝗶𝗻𝗲𝗱

The Direct Tax Committee of the Bombay Chartered Accountants’ Society (BCAS) presents Direct Tax Retreat 2.0 — a four-day professional retreat designed around practical learning, critical discussions, case studies and fresh perspectives on contemporary Direct Tax.

From courtroom-style debates and real-world case studies to Tax Shark Tank, emerging financial instruments, taxpayer remedies and AI integration, the retreat brings together an engaging mix of technical sessions, discussions and interactive formats.

🔹 Key Highlights:

* The Judiciary’s Role in the Era of the Income Tax Act, 2025
* The Two Sides of the Tax Case — Sections 68 to 69D & 115BBE
* Tax Shark Tank — Smart Payout Strategies & Real Estate Case Studies
* Private Trusts, Family Arrangements & Succession Planning
* New-Age Financial Instruments & Emerging Investment Structures
* Taxpayer Rights, Remedies & Redressal Mechanisms
* AI Integration in Direct Tax Practice

🎯 Technical Sessions | Group Discussions | Tax Shark Tank | Networking

📅 14th – 17th January 2027
📍 Hotel Trident, Hyderabad

💰 Enrolment Fees

Residential – Double Occupancy | Early Bird till 5 October 2026
🔹 BCAS Members: ₹31,270/-
🔹 Non-Members: ₹34,810/-

Residential – Single Occupancy
🔹 BCAS Members: ₹51,920/-
🔹 Non-Members: ₹55,460/-

Non-Residential – Early Bird till 5 October 2026
🔹 BCAS Members: ₹22,420/-
🔹 Non-Members: ₹24,780/-

Regular fees applicable from 6th October 2026 onwards.

📌 Enrolment includes applicable GST as reflected in the stated fees.

🔗 Register Now:
https://portal.bcasonline.org/EventDetails/MTkwMQ==

Challenge perspectives. Exchange ideas. Strengthen your Direct Tax practice.

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

🔥💃DISCOUNTED PASSES SOLD - RATES UPDATED!💃🔥

BCAS Pre-Navratri Garba 2026 has received an overwhelming response and we are getting bigger and better and brighter 🎉

🚨NEW REGISTRATION LINK is NOW LIVE with GROUP DISCOUNT🚨

The Garba fever is officially ON! 🥳❤️

📅 Friday, 9th October 2026
⏰ 7:00 PM onwards
📍 AC Banquet, Raghuleela Mall, Kandivali West

⚡ Limited passes available now!
Don’t wait till the last moment - register now and join the celebration!

👉 Scan the QR code in the poster or click here to book your pass
https://rzp.io/rzp/BCAS-Pre-Navratri-Garba-2026

💥 DANCE MORE. SAVE MORE. CELEBRATE MORE! 💥

See you on the Garba floor💃🕺

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

📢 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗦𝗽𝗼𝗻𝘀𝗼𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

Can a Section 8 company established to undertake CSR activities be required to be consolidated with the company that sponsors it?

Under Ind AS 110, the answer depends on whether the Sponsor Company exercises control over the Section 8 Company. The assessment requires consideration of power, exposure to variable returns, and the ability to use power to affect those returns.

In this insightful article, Prateek Jain, Chartered Accountant, examines the accounting considerations around consolidation of Section 8 CSR entities and explores:

🔹 How Ind AS 110’s three-element control model applies to Section 8 companies
🔹 Why governance rights, board appointments, decision-making powers and funding dependence matter
🔹 How control can be assessed even where the Sponsor Company holds a minority interest
🔹 Why reputational, compliance and strategic benefits may constitute variable returns
🔹 How Section 8 companies limited by guarantee can be assessed even without shareholding
🔹 How consolidation impacts the presentation of CSR expenditure in consolidated financial statements

The article also examines three practical scenarios involving wholly owned Section 8 companies, minority shareholding and Section 8 entities receiving funding from multiple companies, highlighting why the assessment ultimately depends on the specific facts and governance arrangements.

The key question is not simply:

“Who owns the Section 8 company?”

It is about whether the Sponsor Company has substantive power, exposure to returns and the ability to use that power to influence those returns.

Read the full article:
https://lin-k.ai/BCAJ-Issue-September-2026

Listen to the BCAJ September 2026 Audio Version:
https://lin-k.ai/BCAS-BCAJ-September-2026

Subscribe to BCAJ:
https://bcajonline.org/subscription/

BCAJ September 2026 | Consolidation of Section 8 Company with the Sponsor Company

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

𝗧𝗵𝗲 𝘀𝗮𝗺𝗲 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗱𝗿𝗮𝗳𝘁 𝗮 𝗰𝗼𝗻𝘃𝗶𝗻𝗰𝗶𝗻𝗴 𝗶𝗻𝘃𝗼𝗶𝗰𝗲, 𝗰𝗹𝗼𝗻𝗲 𝗮 𝘃𝗼𝗶𝗰𝗲, 𝗼𝗿 𝗳𝗮𝗯𝗿𝗶𝗰𝗮𝘁𝗲 𝗮𝗻 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗰𝗮𝗻 𝗮𝗹𝘀𝗼 𝗿𝗲𝗮𝗱 𝗮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝗯𝗿𝗲𝗮𝗸𝗳𝗮𝘀𝘁 𝗮𝗻𝗱 𝗳𝗹𝗮𝗴 𝘁𝗵𝗲 𝗼𝗻𝗲 𝘁𝗵𝗮𝘁 𝗹𝗶𝗲𝘀. 𝗧𝗵𝗲 𝗳𝗿𝗮𝘂𝗱 𝗳𝗶𝗴𝗵𝘁 𝗶𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗔𝗜 𝘃𝗲𝗿𝘀𝘂𝘀 𝗔𝗜.

For professionals, this is not a distant, speculative debate. It is already changing what a red flag looks like, what evidence means, and what “reasonable assurance” can credibly promise. The tooling is powerful on both sides of the table — and the governance to steer it is still being written.

Session 3 of White Collar Crimes — AI vs AI: The New Arms Race in White-Collar Crime — examines AI as enabler, as investigator, and as protector, and the ethics, governance and emerging risks that come with each.

Bringing the frontline view:
Dr. Triveni Singh, former IPS officer and among the most recognised names in India’s fight against financial cybercrime.

Where the case file closes and the real conversation begins.
𝗪𝗲 𝗼𝗽𝗲𝗻 𝘁𝗼𝗺𝗼𝗿𝗿𝗼𝘄.

☑️ Friday, 25 September 2026
🕰️ 3:00–6:00 PM IST
💻 Zoom

Last call to register:
https://portal.bcasonline.org/EventDetails/MTkwOA==

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

📢 ITF Study Circle Meeting | Application of TNMM in Transfer Pricing

The BCAS International Taxation Committee invites you to an insightful ITF Study Circle Meeting focused on a key area of international taxation and transfer pricing.

📌 Topic: Application of TNMM in Transfer Pricing

Join the session for an in-depth discussion on the application of the Transactional Net Margin Method (TNMM) in transfer pricing.

👤 Session Chairman: CA Natwar Thakrar
👤 Group Leader: Adv. Narendra Jain

📅 Friday, 9th October 2026
⏰ 5:30 PM – 7:30 PM
💻 Virtual Session – Zoom

Whether you work in international taxation, transfer pricing, corporate finance or advisory, this session offers an opportunity to engage with the subject and connect with fellow professionals.

🔗 Register Now:
https://lin-k.ai/Application-of-TNMM

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf

📢 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝗶𝘁𝘆: 𝗔 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲

Materiality has long been a familiar concept in financial reporting. But as business priorities evolve, its significance now extends beyond financial information to environmental, social and governance (ESG) considerations.

In this insightful article, NVS Pawan Kumar, Chartered Accountant, explores how materiality is evolving in the context of sustainability and examines:

🔹 How materiality differs across accounting, regulatory, risk management and sustainability frameworks
🔹Why materiality is becoming a strategic tool for sustainable business operations
🔹 The role of impacts, stakeholders and significance in determining materiality
🔹 How due diligence helps organisations identify, assess and prioritise material impacts
🔹 The difference between Impact Materiality, Financial Materiality and Double Materiality
🔹 How double materiality connects sustainability impacts with financial risks and opportunities
🔹 The role of materiality in sustainability reporting and BRSR

The key question is no longer simply:

“What is financially material?”

It is increasingly about understanding what impacts the organisation has on people and the environment — and how sustainability matters can, in turn, affect the business.

☑️Read the full article:
https://lin-k.ai/BCAJ-Issue-September-2026

☑️Listen to the BCAJ September 2026 Audio Version:
https://lin-k.ai/BCAS-BCAJ-September-2026

☑️Subscribe to BCAJ:
https://bcajonline.org/subscription/

BCAJ September 2026 | Materiality → A Sustainability Perspective

Kinjal Shah Kinjal Vishal Bhuta Mandar Telang Mrinal Mehta Samit Saraf