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Welcome to The Society of Auditors

The Society of Auditors – Ninety Now

The Society of Auditors, Chennai is India's oldest body of professionals in the accounting & attestation and is senior even to the accounting regulator of the country viz., ICAI nearly by a generation.

The best known names in the Indian accounting professional arena from this part of the country were not only instrumental in the formation of the Society but also in nurturing it to ensure its steady and influential presence to an extent that the body was a precursor and a trendsetter for many such organisations to germinate, grow and flourish across the country. The Society itself was a persuasive force to the Government of India to even formulate the Institute of Chartered Accountants of India under an Act of Parliament in 1949.

The Society is a sagacious, perspicacious and a serene body that has a wealth of experience behind it, thanks to the several doyens and veterans of yesteryears which the current generation is making effective use of - in conjunction with the modern and futuristic tools of learning and dissemination of knowledge. With a hoary past and a vibrant present, the Society is gloriously nearing its nineties.

Even though a nonagenarian organisation, paradoxically enough, with each passing year of the society, the average age of the members is actually going down, as more of the younger members are enthusiastically participating in carrying on the mantle.

Specific mention needs to be made of the way in which the distressing time of Covid 19 lockdown was effectively converted in to a knowledge augmentation opportunity with a series of webinars arranged by the young turks of the Society, with many members eagerly and interactively participating in them.

About Society of Auditors

The Society of Auditors was formed in the pre-independence era, circa 1927 as an informal group of well-known and respected accounting professionals, then known as Registered Accountants. Th same was formally registered as a Society in 1932 (mind you, we are calculating Society’s age only from its formal birth!) and was the only body of accounting professionals (including the wannabe ones) that was a connect between the profession and the Government.

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Upcoming Programs


Topic / Speaker Date / Venue / Fee Links/remarks
Navigating ITR7, 10B, 10BB + Compliance & Amendments for 2026-27
Speaker:
CA Sashank Srivatsan
18th September 2026
(Friday)
at
4.00 PM to 5.30 PM (Zoom - Virtual)

Join Zoom Meeting:
Click Here

Meeting Chat Link:
Click Here

Meeting ID: 851 9357 9818
Passcode: 833170

About the Subject / Why one must attend this session :

1. New compliance landscape for 2026-27
Filings now operate under the old Income Tax Act of 1961 and Income Tax Rules, 1962, and from AY 2026-27, ITR-7 additionally requires details of registration or approval that weren't asked for before. Practitioners need this update before the filing season peaks.

2. Getting 10B vs 10BB wrong is costly.
Filing the wrong form counts as non-furnishing of the audit report altogether, risking outright denial of exemption under Sections 11, 12, or 10(23C).

3. Sequencing matters
Since ITR-7 pulls figures directly from the audit report, we should know what data comes from the audit report and maps in the ITR and the do's and don'ts while filing both the Audit Report as well as Income Tax Returns

4. Tight deadlines
ITR-7 is due 31st July 2026 (non-audit cases) or 31st October 2026 (audit cases) — but since the audit report must be filed and accepted before ITR-7, the real internal deadline is earlier than it looks. Also, we will get to know the consequences if the trust's audit reports and ITR-7 are not filed in time

5. Cross-filing consistency risk
Donation receipts, the audit report, and ITR-7 all reflect the same figures. Mismatches surface to the department almost automatically and can even cost donors their 80G deduction.

This session directly addresses the errors — wrong form selection, bad sequencing, mismatched figures — that carry real financial and legal consequences for clients this filing season.

About the Speaker:

CA. Sashank Srivatsan S, BCom, LLB(Hons.), FCA is a Chartered Accountant in Practice for the last 6 years who has exposure in various Taxation and Audit and Assurance Engagement. He is a co-opted member in Accounting Standards Board of ICAI for the years 2023-24 and 2024-25. He was also a co-opted member in the Expert Advisory Committee of ICAI. He was part of the Task force of ICAI representing the Ministry of Finance and Central Board of Direct Taxes and Infosys for resolving Income Tax E-filing Portal 2.0 Errors : he was the representative from Southern India Regional Council of ICAI. HE is currently a member of the Committee for International Taxation.

He has also assisted various authors in publication of Books in relation to Accounting and Taxation including Padhuka's Publication for the last 2 years. He is also a speaker for various Continuous Professional Education (CPE) Programmes conducted by ICAI on Accounting Standards, Indian Accounting Standards and Income Tax. His areas of specialisation are taxation, accounting standards, bank audits & financial reporting.

Contact Us

Phone Number

044-24986979

Office Address

33, TNHB Complex, 4, Luz Church Road, Chennai - 600 004.