Chairperson's Message

Dear Friends,

     One and a half months have already passed since the new office bearers have taken over the affairs of the branch. Yes, time and tide waits for none. We have said good bye to the month of March 2015 and welcomed a brand new financial year 2015-16. The New Year comes with new challenges and purpose for us. Learning and unlearning is always a challenge for a professional. This year we have a challenge in the form of implementation of Companies Act 2013 and IFRS. Preparing ourselves for GST is another challenge. We assure you that, our effort will be to bring in the best programmes and value addition to our members in the coming month.


The month of March was filled with a number of activities like Clause by Clause discussion on Union Budget 2015, Full Day Workshop on ‘Income Tax Issues in Co-operative Societies’ in association with Co-operative Union, Full day Seminar on Bank Audit, Friendship Cricket match between CAs and Tax Departments and many more. I express my sincere and heartiest thanks to each one of you for your good wishes, support and participation in the activities of the branch.

Friends, I would like to share a very interesting story of a wise man and his son. There once lived a wise man in a village. He was often called by the king to advice on matters related to the economy. His name and reputation had spread throughout the country. So it hurt him very much when the village head told him, “you may be a great man, but your son does not know the value of gold or silver”. The wise man called his son and asked what is more valuable-gold or silver? ‘Gold’ said the son. That is correct. Why is it that the village head makes fun of you, claims you do not know the value of gold or silver? He teases me every day. He mocks me before other village elders as a father who neglects his son. This hurts me; I feel everyone in the village is laughing behind my back because you do not know the value of gold or silver.


Explain this to me son. The son told his father the reason why the village head carried this impression. “Every day on my way to school, the village head calls me to his house. There in front of all village elders, he holds out a silver coin in one hand and gold coin in other. He asks me to pick up the more valuable coin. I pick the silver coin. He laughs, the elders jeer, and everyone makes fun of me. And then I go to school. This happens every day. That is why they tell you I do not know the value of gold or silver. The father was confused. His son knew the value of gold and silver and yet when asked to choose between a gold and silver he always picked the silver coin. “Why don’t you pick up the gold coin?” he asked. In response, the son took the father to his room and showed him a box with more than hundred silver coins. Turning to his father, son said, “the day I pick up the gold coin the game will stop, they will stop having fun and I will stop making money”.

Sometimes in life, we have to play the fool because others like it. That does not mean we lose in the game of life. It just means allowing others to win in one arena of the game while we win in the other. At the same time we should also be careful of others playing up with us and our ending up in fool’s paradise. We have to choose which arena matters to us and which arena does not.

With warm regards,

Yours in Professional Service,

CA Shivakumar K