53baroda-icai.org/media/branch_news_letter/7e8cbb537a7615... · 2020. 7. 17. · Vishal Doshi CA....

VADODARA BRANCH OF WESTERN INDIA REGIONAL COUNCILOF

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

53rd

ANNUALREPORT

2019-2020

53rd Annual Report 2019-20VADODARA BRANCH OF

THE WESTERN INDIAN REGIONAL COUNCIL OFTHE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

NOTICE

No�ce is hereby given that 53rd Annual General Mee�ng of the Members of the VadodaraBranch of the Western India Regional Council of the Ins�tute of Chartered Accountants ofIndia will be held on 31st July ‘ 2020 at 04:00 pm on virtual mode to transact the followingbusiness:

1.To receive and adopt the report of Managing commi�ee for the year 2019-2020 i.e. from 1st June 2019 to 31st May 2020

2.To Receive and adopt the Auditor’s Report and Audited Accounts for the year ended on 31st March,2020.

3.To transact any others business with the permission of the chair.

For Vadodara Branch of WIRC of ICAI

place: Vadodara CA. Manoj SahuSecretaryDate: 15th July, 2020

53rd Annual Report 2019-20

REPORT OF THE MANAGING COMMITTEEOF THE VADODARA BRANCH OF WIRC OF ICAI FOR YEAR 2019-2020

The Vadodara Branch of the Western India Regional Council of the Ins�tute of CharteredAccountants of India is pleased to present its 53rd Annual report of Managing Commi�ee forthe period from 1st June 2019 to 31st May 2020 and the accounts for the financial yearended on 31st March, 2020.

Since last several years, Vadodara Branch has been consistently acknowledged as one of theBest Performing Branch by the ICAI. A number of ac�vi�es are undertaken round the yearfor the benefit of its members and students at large. Involvement from members as well asstudents had remained encouraging throughout the year.

At the same �me we also wish to place on record our sincere apprecia�on and gra�tude tothe following persons who have made it possible to conduct various ac�vi�es of the Branch:

Various professionals and other organiza�ons for their co-opera�on and assistance inorganizing programmes.

Chairmen, Facul�es and Members at- various Post Qualifica�on Courses/ Cer�ficateCourses, Seminars, Conferences, Refresher Courses, Workshops, Lecture Mee�ngs,GMCS Course for CA Final Students, Informa�on Technology Training, Orienta�onCourse for IPCC students, classroom Training Centre and other courses - for sparingtheir valuable �me for the cause of the profession.

Co-opted members of various commi�ees and working groups of Branch.

The various contributors to the Newsle�er for making it more informa�ve and interes�ng.

Statutory Auditors of the Branch K M Swadia & Company Chartered Accountants.

Internal Auditors of the Branch M/S Parikh Shah Chotaliya & Associates CharteredAccountants.

Axis Bank, Race Course Branch


REPORT OF THE MANAGING COMMITTEEOF THE VADODARA BRANCH OF WIRC OF ICAI FOR YEAR 2019-2020

Mr. Ketan Kharva, Ms. Parita Shah, Mr. Rahul Patel, Ms. Shweta Makwana, Mr.Prakash Parmar, Mr. Dharmesh Shah, Mr. K.C. Rajput, Mr. Jitendra Jat, Mr.Jagdishbhai Prajapa� & Mr. Amar Baswa- staff of the Branch for their con�nueddedicated efforts and hard work throughout the year.

The printers for their �mely prin�ng of Newsle�er and other materials through the year.

Adver�sers in the Newsle�er and other publica�ons.

Various agencies and the press & media for their support and for providing bestservices to Vadodara Branch of WIRC of ICAI.

CA. Krunal Brahmbha� CA. Vinod Pahilwani

Chairman Vice- Chairman & Chairman BarodaBranch of WICASA

CA. Manoj Sahu CA. Rikin Patel

Secretary Treasurer

CA. Vishal Doshi CA. Hitesh Agrawal

Ex Officio – WIRC Member Imm. Past Chairman

CA. Rahul Agrawal CA. Dhruvik Parikh

Commi�ee Member Commi�ee Member

CA. Rahul Agrawal Convener

CA. Nirav Shah Co-convener

BARODA CPE STUDY CIRCLE


THE INSITUTE OF CHARTERED ACCOUNTANTS OF INDIAVadodara Branch of WIRC of ICAI

SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED1 14 & 15.06.19 160 892

2 06 & 07.07.19 192 660

3 16 & 17.08.19 110 484

4 23 & 24.11.19 119 570

5 18.11.19 115 232

6 24 & 25.12.19 187 1122

7 27 & 28.12.19 136 816

8 30 & 31.12.19 177 762

9 18.01.20 183 1098

10 25.01.20 100 303

11 31.01.20 88 352

SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED

107. & 08.06.19

50 409

216.08.19 to 20.08.2019

8 64

3 01.06.19 106 3804 22.06.19 73 2275 20.08.19 39 866 02.02.20 14 NA7 02.02.20 16 NA8 07.02.20 509 15279 09.02.20 13 NA

Regional Conference on Insolvency & Bankruptcy Code organized by Commi�ee of Insolvency & Bankruptcy Code of WIRC of ICAIRegional Conference on Corporate & Allied Laws, Organized By Commi�ee of Corporate & Allied Laws & Corporate Governance of WIRC of ICAIFull day seminar on GST

Full day seminar on Block Chain

PARTICULARS

Seminar on GST Annual Return & GST Audit Clause to Clause Analysis of Union Budget & Budget Implica�ons on Economy, Industry & Stock MarketFull day seminar on Tax Audit, Organized by Direct Taxes Commi�ee of ICAI, hosted jointly by Vadodara, Anand & Bharuch Branch of WIRC of ICAI2 days Residen�al Conference at Statue of Unity , jointly with Bharuch Branch of WIRC of ICAISeminar on Vera Samadhan Yojna-2019 & 20% ITC Restric�on - An Analysis

Analysis of Union Budget 2020-21Workshop on CV dra�ing & PI

Half day seminar on Professional Development of Cas, Organised by Commi�ee for Export of CA Services and WTO of ICAIHalf day seminar Jointly organised with Vasai Branch

PARTICULARS

Intensive Workshop on FEMA

Program on boos�ng your Profession using Robo�c Process Automa�on (RPA)DTRC

Workshop / Training Programs

Seminar/ Conferences

WorkshopPanel Discussion on Legal Issues under GSTFull Day Workshop For Recently Qualified CAsCV and Cover Le�er Workshop for Members


SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED1 06.06.19 28 58

2 24.06.19 48 72

345 16.08.19 52 966 07.09.19 17 34

7 10.10.19 77 154

8 17.10.19 43 62

9 19.10.19 12 24

10 06.12.19 130 222

11 14.12.19 51 10212 20.12.19 52 104

13 21.12.19 112 224

14 25.02.20 74 15015 04.03.20 18 57

SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED1 13.06.19 36 76

3 04.07.19 63 108

4 25.07.19 41 82

5 10.10.19 77 154

6 17.10.19 43 62

7 19.10.19 12 24

8 07.11.19 50 102

9 18.11.19 66 232

11.07.19 42

2 22.06.19 73

PARTICULARS

Study Circle Meetings

Sources of Finance

76

227Proceeding u/s 143(1)- step by step analysis and complianceE-assessment – the way forwardStep by Step Prac�cal Guide for filing ITR forms for AY 19-20Valua�on of Startups

Lecture MeetingsPARTICULARS

Prac�cal issues & Impact of Ind AS on Corporate Key Changes in ITR AY 19-20 and Compliance Audit- A new Path WayNew Form 3 under RERA & Interac�on with RERA Authori�esGST Audit & Annual ReturnSabka Vishwas- ( Legacy Dispute Resolu�on) New Corporate Tax Rates-Booster to Economy and Faceless E AssessmentSAP Overview and Opportuni�es on Finance (FI Module)Challenges faced by CAs in Corporates with Prac�cal Case StudiesNew Return Scheme under GST & Various Issues Under New Return SchemeChange Your Beliefs & Change Your LifeLook Back, Year AheadAnalysis of Important Judgement of SC, HC and ITAT under Income Tax ActPresenta�on on Vivad Se Vishwas SchemeOverview of Ind AS 116 Leases

New Corporate Tax Rates-Booster to Economy and Faceless E AssessmentSAP Overview and Opportuni�es on Finance (FI Module)Challenges faced by CAs in Corporates with Prac�cal Case StudiesClause by Clause Analysis of Form 3CEB and Prac�cal Aspects of BenchmarkingLegal Understanding of " Vera Samadhan Yojna-2019" & 20% ITC Restric�on - An Analysis


SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED

10 10.12.19 115 230

11 19.12.19 134 26812 27.12.19 110 220

13 11.02.20 58 118

14 16.05.20 54 NA

SRN DATENO. OF

PARTICIPANTS1 19.07.19 68

2 07.07.19 110

3 01.02.20 51

4 24.02.20 140

5 02.03.20 526 29.04.20 9

SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED

129.12.18 to 27.01.19

47 NA

216.11.19 to 22.12.19

30 NA

315.02.20 to 07.03.20

33 660

SRN DATENO. OF

PARTICIPANTSCPE HRS

GENERATED

19th to 11th January 2020

51 630

Public Programs

ICAI- MCA Investor Awareness Program ( Program on Budget Implica�ons on Economy, Industry & Stock Market)

Important Issues - Audit and Taxa�on of Charitable Trust

4th batch of Cer�ficate Course on Forensic Accoun�ng & Fraud Detec�on (15,16,22,23,29,1 & 7)

Ergo Fitness Fundas for Chartered Accountants Excel Automa�on Through Macro And VBABroad Overview of FEMA - FDI and ECB perspec�veWebinar on Study Circle mee�ng on Work From Home

PARTICULARS

Analysis of Union Budget Jointly with Baroda Tax Bar Associa�on

Live Screening of Union Budget 2020-21Inaugura�on of the Motera Stadium by the worthy hands of Prime Minister of USA - Mr. Donald Trump & Prime Minister of India - Shri Narendra ModijiPublic Program jointly with VCCI on Vivad Se Vishwas Scheme 2020

PARTICULARS

29th RRC

RRC

PARTICULARS

Study Circle Meetings (Cont'd…)

Joint webinar with San Francisco chapter of ICAI

Certificate CoursesPARTICULARS

Batch of Educa�onal Course on ICAI Registered valuers organisa�on (RVO)Batch of Educa�onal Course on ICAI Registered Valuers Organisa�on (ICAI RVO)


SRN DATE PARTICULARCPE HRS

NO. OF PARTICIPANTS

CPE HRS GENERATED

1 06 & 07.04.20 2 days webinar conference NA 76 NA2 09,10 &

11.04.203 days Webinar on Statutory Bank Branch Audit

NA 122 NA

3 14.04.20 to 18.04.20

5 days webinar NA 59 NA

4 24,25 & 27.04.20

3 days Webinar NA 44 NA

5 30.04.20 Webinar jointly with VCCI NA 35 NA6 02.05.20 Webinar on Corporate Governance Jointly

with FGINA 25 NA

7 09.05.20 Webinar on Direct Tax , jointly with Nagpur,Nashik,Pune, Akola Branch’s of WIRC

NA 122 NA

8 14,15 & 16.05.20

3 days Online Faculty Development Programme Jointly Organised by Faculty of Commerce on Financial Repor�ng and Taxa�on Scenario Post COVID-19

NA 31 NA

9 25.05.20 to 30.05.20

6 days Webinar NA 36 NA

Webinars



BATCH NO DATE OF COMMENCEMENT DATE OF COMPLETION NO OF STUDENTSAICITSS MCS-16 6/17/2019 7/2/2019 50AICITSS MCS -17 7/8/2019 7/24/2019 50AICITSS MCS-18 7/29/2019 8/18/2019 50AICITSS MCS-19 8/29/2019 9/17/2019 21AICITSS MCS-20 11/25/2019 12/9/2019 50AICITSS MCS-21 12/16/2019 12/31/2019 50AICITSS MCS-22 1/6/2020 1/22/2020 46AICITSS MCS-23 1/30/2020 2/14/2020 50AICITSS MCS-24 2/20/2020 3/7/2020 41

BATCH NO DATE OF COMMENCEMENT DATE OF COMPLETION NO. OF STUDENTSICITSS OC-19 6/17/2019 7/2/2019 50ICITSS OC-20 7/3/2019 7/19/2019 50ICITSS OC-21 7/16/2019 7/31/2019 50ICITSS OC-22 8/5/2019 8/21/2019 52ICITSS OC-23 6/20/2019 7/6/2019 49ICITSS OC-24 8/29/2019 9/16/2019 22ICITSS OC-25 11/25/2019 12/11/2019 31ICITSS OC-26 12/16/2019 1/1/2020 43ICITSS OC-27 1/6/2020 1/24/2020 52ICITSS OC-28 1/30/2020 2/15/2020 50

BATCH NO DATE OF COMMENCEMENT DATE OF COMPLETION NO. OF STUDENTSICITSS IT 22 6/17/2019 7/5/2019 38ICITSS IT 23 6/17/2019 7/7/2019 36ICITSS IT 24 7/8/2019 7/26/2019 38ICITSS IT 25 7/29/2019 8/17/2019 38ICITSS IT 26 8/22/2019 9/12/2019 27ICITSS IT 27 8/22/2019 9/12/2019 24ICITSS IT 28 11/25/2019 12/13/2019 38ICITSS IT 29 7/8/2019 7/25/2019 38ICITSS IT 30 7/8/2019 7/25/2019 34ICITSS IT 31 11/25/2019 12/13/2019 38ICITSS IT 32 12/16/2019 1/4/2020 38

ICITSS IT - 33 1/30/2020 2/18/2020 38ICITSS IT 34 2/20/2020 3/11/2020 22

ICITSS IT - 35 3/12/2020 3/31/2020 0

MCS / OC / AIT / ITT

ITT INFORMATION

AICITSS MCS

ICITSS IT

ICITSS OC

Financial Year 2019-20Vadodara Branch of WIRC of The Ins�tute


BATCH NO DATE OF COMMENCEMENT DATE OF COMPLETION NO. OF STUDENTSAICITSS AIT 20 7/11/2019 7/27/2019 38AICITSS AIT 21 7/29/2019 8/14/2019 38AICITSS AIT 22 9/16/2019 10/2/2019 32AICITSS AIT 23 7/26/2019 8/10/2019 37AICITSS AIT 24 12/16/2019 1/2/2020 38AICITSS AIT 25 9/16/2019 10/2/2019 27

AICITSS AIT -26th 1/6/2020 1/24/2020 38AICITSS AIT - 27 1/6/2020 1/24/2020 39AICITSS AIT 28 1/30/2020 2/16/2020 38AICITSS AIT 29 2/20/2020 3/11/2020 37

AICITSS AIT - 30 3/13/2020 3/31/2020 23

AICITSS AIT



53rd

ANNUALREPORT

2019-2020

FINANCIAL STATEMENT 2019-20


314,Shriram Chambers, R.C.Dutt Road, Vadodara 390 005.Phone No – (0265) 2314384 E-mail : [email protected]

INDEPENDENT AUDITOR’S REPORTTo the Council of the Institute of Chartered Accountants of India

Report on the Audit of the Financial StatementsOpinionWe have audited the financial statements of Vadodara Branch of the Institute of CharteredAccountants of India (“the Branch”), which comprise the Balance Sheet as at March 31st

2020, the Statement of Income and Expenditure and Cash Flow Statement for the year thenended, and notes to the financial statements, including a summary of significant accountingpolicies.In our opinion, and to the best of our information and according to the explanations given tous, the accompanying financial statements are prepared in all material respects inaccordance with the Chartered Accountants Act, 1949, and give a true and fair view inconformity with the accounting principles generally accepted in India of the state of affairs ofthe Branch/ Decentralised Office / Regional Council as at March 31, 2020, its surplus andits cash flows for the year then ended.Basis for OpinionWe conducted our audit in accordance with the Standards on Auditing (SAs) issued by theInstitute of Chartered Accountants of India. Our responsibilities under those standards arefurther described in the Auditor’s Responsibilities for the Audit of the Financial Statementssection of our report. We are independent of the Institute in accordance with the Code ofEthics issued by the Institute of Chartered Accountants of India and we have fulfilled ourother ethical responsibilities in accordance with the Code of Ethics. We believe that the auditevidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Responsibilities of Management for the Financial StatementsManagement is responsible for the preparation of these financial statements in accordancewith the Chartered Accountants Act,1949 that give a true and fair view of the state of affairs,financial performance and cash flows of the Branch in accordance with the accountingprinciples generally accepted in India, including the Accounting Standards issued by theInstitute of Chartered Accountants of India. This responsibility also includes maintenance ofadequate accounting records for safeguarding of the assets of the Institute and forpreventing and detecting frauds and other irregularities; selection and application ofappropriate accounting policies; making judgments and estimates that are reasonable andprudent; and design, implementation and maintenance of adequate internal financialcontrols that were operating effectively for ensuring the accuracy and completeness of theaccounting records, relevant to the preparation and presentation of the financial statementsthat give a true and fair view and are free from material misstatement, whether due to fraudor error.In preparing the financial statements, the management is responsible for assessing theInstitute’s ability to continue as a going concern, disclosing, as applicable, matters related togoing concern and using the going concern basis of accounting unless the managementeither intends to liquidate the Institute or to cease operations, or has no realistic alternative



but to do so.The management is responsible for overseeing the Institute’s financial reporting process.Auditor’s Responsibilities for the Audit of the Financial StatementsOur objectives are to obtain reasonable assurance about whether the financial statementsas a whole are free from material misstatement, whether due to fraud or error, and to issuean auditor’s report that includes our opinion. Reasonable assurance is a high level ofassurance, but is not a guarantee that an audit conducted in accordance with SAs willalways detect a material misstatement when it exists. Misstatements can arise from fraud orerror and are considered material if, individually or in the aggregate, they could reasonablybe expected to influence the economic decisions of users taken on the basis of thesefinancial statements.As part of an audit in accordance with SAs, we exercise professional judgment and maintainprofessional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error, design and perform audit procedures responsive to thoserisks, and obtain audit evidence that is sufficient and appropriate to provide a basis forour opinion. The risk of not detecting a material misstatement resulting from fraud ishigher than for one resulting from error, as fraud may involve collusion, forgery,intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose ofexpressing an opinion on the effectiveness of the Institute’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by the management.

• Conclude on the appropriateness of the management’s use of the going concern basisof accounting and, based on the audit evidence obtained, whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Institute’sability to continue as a going concern. If we conclude that a material uncertainty exists,we are required to draw attention in our auditor’s report to the related disclosures in thefinancial statements or, if such disclosures are inadequate, to modify our opinion. Ourconclusions are based on the audit evidence obtained up to the date of our auditor’sreport. However, future events or conditions may cause the Institute to cease tocontinue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements,including the disclosures, and whether the financial statements represent the underlyingtransactions and events in a manner that achieves fair presentation.

We communicate with the management regarding, among other matters, the planned scopeand timing of the audit and significant audit findings, including any significant deficiencies ininternal control that we identify during our audit.We also provide the management with a statement that we have complied with relevantethical requirements regarding independence, and to communicate with them all



relationships and other matters that may reasonably be thought to bear on ourindependence, and where applicable, related safeguards.

Report on Other Legal and Regulatory RequirementsFurther, we report that:

a) We have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purpose of our audit;

b) In our opinion, proper books of account have been kept by the Branch so far asappears from our examination of those books;

c) Balance Sheet, Statement of Income and Expenditure, and Cash Flow Statementdealt with by this Report are in agreement with the books of account.

For, K. M Swadia & Co.Chartered Accountants

Firm’s Registration Number 110740W

CA. Archit D. AntaniPartner

Membership Number: 14922Place of Signature: Baroda

Date: 28/05/2020

DIN:- 20149221AAAABC5732


Annexure – A

ADDITIONAL INFORMATION

1. Whether books are being maintained in online Tally ERP Cloud on regular basis and financial

statements are prepared from the books of accounts maintained in on-line Tally only. Copy of Final

Trial Balance generated from online Tally to be certified jointly by the Branch Management and the

Branch Statutory Auditor.: YES. THE BOOKS ARE BEING MAINTAINED IN ONLINE ERP CLOUD.

2. Whether inter unit balances with Head Office/ Regional Councils/ Decentralized Offices/ Branches are

duly reconciled. LEDGERS RELATED TO HEAD OFFICE/REGIONAL COUNCILS/ DECENTRALIZED

OFFICES/ BRANCHES HAVE BEEN SENT FOR CONFIRMATION. HOWEVER, CONFIRMATIONS FOR THE

SAME HAVE NOT BEEN RECEIVED. THE PARTICULARS ARE FURNISHED HEREUNDER.

� THE FOLLOWING RECEIVABLE BALANCES ARE OLD AND UNRECONCILLED.

� THE FOLLOWING RECEIVVABLE BALACES ARE CURRENT BUT UNRECONCILLED.

Particulars Amount (In Rs.) Outstanding Since

Current Account –Delhi DCO Rs. 4,97,816/- 2019-20

BOS-Grant Rs.12,94,349/- 2019-20

Current Account –

Ahmadabad DCO (Nodal

Branch)

Rs. 7,08,852.52/- 2019-20

3. Whether the concerned unit is regular in depositing statutory dues i.e. provident fund, employees'

state insurance, TDS, GST and any other statutory dues to the appropriate authorities and if not, the

extent of the arrears of outstanding statutory dues as on 31.03.2020.: YES THE UNIT IS REGULAR IN

DEPOSITION OF TAX DEDUCTED AT SOURCE. GST IS MAINTAINED AT RESPECTIVE NODAL OFFICE AND

PF IS MANAGED AT HEAD OFFICE.

Particulars Amount (In Rs.) Outstanding Since

Current Account –Advanced ITT Rs. 3,45,048/- 2017-18

Current Account – Grants Rs. 5,76,199/- 2016-17


4. Whether the concerned unit is complying with the Finance & Operations Manual (SOP). Departure /

non compliance with SOP be reported. : YES, SOP IS GENERALLY COMPLIED.

5. (A) Whether the concerned unit is maintaining Fixed Assets Register and the assets purchased during

the period are properly recorded in register. : YES MAINTAINED PROPERLY.

(B) Whether fixed asset have been physically verified by management at reasonable interval and any

material discrepancies noticed on such verification, if any, have been properly dealt with in the

books of accounts. : YES. THE FIXED ASSETS HAVE BEN PHYSICALLY VERIFIED BY THE

MANAGEMENT AT RESONNABLE INTERNAL.

(C) Whether the prescribed rate of depreciation have been followed while charging depreciation on

fixed assets of the branch. : YES. PRESCRIBED RATES FOR DEPRECIATION HAS BEEN FOLLOWED.

(D) Whether the capital items purchased by concerned unit are out of the capital grant released by

Head Office and only for the purpose it was sanctioned: YES

(E) Whether the title deeds of immovable properties are held in the name of the Institute. If not,

provide the details thereof: YES THE TITLE DEED OF IMOVABLE PROPERTY HELD IN THE NAME OF

HEAD OFFICE.

(B) (A) Whether proper inventories have been kept of publications received from Central office and

issuance thereof. : YES

(C) Whether physical verification is carried out during the period.: YES. INVENTOY IS PHYSICALLY

VERIFIED BY THE MANAGEMENT.

(C) Whether Publication Account along with sales proceeds and Stock Statements are sent to Head

office on half yearly / yearly basis. : YES. THE SAME IS BEING SENT ON HALF YEARLY BASIS.

6. (A) Whether the expenditure towards Seminar & Conference are properly accounted for and met out

the source generated by way of participation fee and Seminar/CPE Grant released by Head Office. :

YES.

(B) Whether separate ledger account is being maintained for each of the Seminar / Conference/

Workshop / any other program organized during the period. : YES, SEPARATE LEDGERS ARE BEING

MAINTAINED FOR EACH OF THE SEMINAR/ CONFERENCE/ WORKSHOPS/ OR ANY OTHER

PROGRAM ORGANISED DURING THE PERIOD.

(C) Also, report whether such accounts are reconciled and not remained open for long and close

within 60 days from the closure of such program. YES.


(D) Whether any non educational program/ activity is organized by the concerned unit. If yes, provide

program wise deficit / surplus generated from non educational program / activities and total

deficit from non self supporting non educational program / activities. AS PER ANNEXURE.

(E) Whether the amount recoverable in respect of any seminars & programs (like Advertisements,

Sponsorship etc.) have been recovered within reasonable time, if not, aging analysis of

such recoverable be given. – YES. AMOUNT RECOVERABLE IN RESPECT OF SEMINARS AND

PROGRAMS HAVE BEN RECOVERED WITHING REASONABLE TIME.

7. Whether proper budgetary control is exercised both with respect to revenue and capital expenditure.

Variance analysis report to be provided along with reasons for such variances. PROPER BUDGETARY

CONTROLS ARE BEING EXCERCISED WITH RESPECT TO REVENUE AND CAPITAL EXPENDITURE.

8. Whether the fund of the concerned unit is applied either directly or indirectly for making any payment

to the members of the Managing Committee except to reimburse them any expenses incurred by them

in connection with the business of the Managing Committee of concerned unit. NO.

9. (A) Whether investments are earmarked corresponding to funds to be earmarked for specific purpose

and the same are in agreement. If not, mention reason for the same: YES.

(B) In case, any amount is transferred from/to capital reserve, general reserve or/and earmarked funds,

whether the appropriate resolution has been approved by the managing committee of the

concerned unit. NO SUCH AMOUNT IS TRANSFERRED.

(C) Whether such funds are utilized only specific purpose for which the same are appropriated. YES.

10. Whether separate Receipt & Payment A/c of Building Fund is being maintained. Copy of the same

should be attached with financial statements. BALANCE APEARING IN ICAI BHAVAN ACCOUNT HAS

BEEN TRANSFERRED FOR BHAVAN BUILDING ACCOUNT AS ON 31.03.2018.

11. Whether concerned unit is printing and publishing newsletters except e-newsletter. The income and

the amount expended for newsletter publication during the year should be reported. NO PRINTED

COPIES HAVE BEEN CIRCULATED.

12. Whether all the revenue grants received and receivable as per the entitlement of the branch are duly

accounted for in the books of accounts of the branch. Also whether Capital Grant is recognized only on

receipt basis: YES.

13. Whether material departure noticed while comparing the actual income and expenditure with the

budget estimates approved by the Council. If yes, submit the report of the same. NO.

14. Specify areas of weak controls, if any and suggest ways to streamlining the same. NO.


THE INSITUTE OF CHARTERED ACCOUNTANTS OF INDIABALANCE SHEET AND INCOME & EXPENDITURE STATEMENT AS ON March 31, 2020Vadodara Branch of WIRC of ICAI

Sr. No. Category PARTICULARSYear ended

31st March 2020Year ended

31st March 2019A Income INCOME

1 Income Entrance Fee - - 2 Income Associate Membership Fees - - 3 Income Fellow Membership Fees - - 4 Income COP Holder Membership Fees - - 5 Income Others Membership Fees - - 6 Income Students Registra�on Fees - - 7 Income Students Associa�on Fees - - 8 Income Distance Educa�on - - 9 Income Class Room Training Income-GMCS 5,551,000 7,442,500

10 Income Class Room Training Income-ITT 3,813,550 4,611,425 11 Income Class Room Training Income-Coaching - - 12 Income Examnia�on Fee - - 13 Income Seminar income- Members 4,658,020 5,376,594 14 Income Seminar income- Students 1,158,071 1,334,644 15 Income Seminar income- Non members 183,495 181,998 16 Income Post Qualifica�on Courses Fees - - 17 Income Cer�ficate Courses Fees - - 18 Income Members Journal - - 19 Income Students Journal - - 20 Income Journal Adver�sement - - 21 Income Interest Received on Investment 1,384,478 1,094,630 22 Income Interest Received on Bank Deposit - - 22 Income Interest Received on Staff Loan - - 23 Income Interest Received on Earmarked Funds-

Educa�on Fund - -

24 Income Interest Received on Earmarked Funds-Research Fund

- -

25 Income Interest Received on Earmarked Funds-Medal & prizes Fund

- -

26 Income Interest Received on Earmarked Funds-Accoun�ng Research Building Fund

- -

27 Income Interest Received on Earmarked Funds-Student Scholarship Fund

- -

28 Income Interest Received on Earmarked Funds-Employees Benevolent Fund

- -

29 Income Interest Received on Earmarked Funds-Other Earmarked funds Invt

- -

Audited Financials for FY 2019-20Vadodara Branch of WIRC of The Ins�tute

of Chartered Acccounts of India




31st March 201930 Income Publica�on Income - - 31 Income Publica�on Free issue - - 32 Income E-Learning Income - - 33 Income Campus Interview Income - - 34 Income Provision No Longer required W/Back - - 35 Income Expert Advisory Fees - - 36 Income Students Associa�on Income - - 37 Income Elec�on Income - - 38 Income Other Income 1,658,779 1,578,952 39 Income Prior Period Income 13,877 301,578 40 Income Branch Transfer out 36,400 235,470

Closing Stock 739,091 720,061 TOTAL 19,196,761 22,877,852

B Expenditure EXPENDITURE1 Expenditure Salary, Pension & Others Allowances 2,041,820 2,073,398 2 Expenditure Contribu�on Provident Fund & Others - - 3 Expenditure Staff Welfare Expenses 287,508 130,842 4 Expenditure Prin�ng And Sta�onery 141,195 179,748 5 Expenditure Publica�on Expenses - - 6 Expenditure Consumables Items Expenses - - 7 Expenditure Publica�on Expenses-Prin�ng 25,500 6,000 8 Expenditure Seminar Expenses-Members 4,299,623 5,157,624 9 Expenditure Seminar Expenses-Students 3,130,155 2,909,347

10 Expenditure Students Ac�veity Expenses - - 11 Expenditure E-learning Expenses - - 12 Expenditure Postage & Telephone 50,743 62,424 13 Expenditure Rent, Rate & Taxes 1,126,373 1,155,923 14 Expenditure Travelling & Conveyance 160,218 137,902 15 Expenditure Overseas - Membership Fees - - 16 Expenditure Overseas - Travelling - - 17 Expenditure Overseas - Others - - 18 Expenditure Repairs & Maintenance 1,977,879 2,101,826 19 Expenditure Internet & Web Maintenance Charges - - 20 Expenditure Professional Fees Paid to Consultants &

Examiners - -

21 Expenditure Orienta�on Expenses 1,590,222 2,084,143 22 Expenditure GMCS Expenses 1,430,309 1,853,219 23 Expenditure ITT Expenses 1,877,239 2,022,780 24 Expenditure Coaching Class Expenses - - 25 Expenditure Elec�on Expenses - - 26 Expenditure Adver�sement - -






31st March 201927 Expenditure Transporta�on Charges - - 28 Expenditure Campus Interview Expenses29 Expenditure Mee�ng Expenses 12,050 3,900 30 Expenditure Merit Scholarship - - 31 Expenditure Audit fees-Statutory 60,000 32 Expenditure Audit Fees-Internal 75,000 33 Expenditure Payments from Earmarked Funds-

Educa�on Fund - -

34 Expenditure Payments from Earmarked Funds-Research Fund

- -

35 Expenditure Payments from Earmarked Funds-Medal & prizes Fund

- -

36 Expenditure Payments from Earmarked Funds-Accoun�ng Research Building Fund

- -

37 Expenditure Payments from Earmarked Funds-Student Scholarship Fund

- -

38 Expenditure Payments from Earmarked Funds-Employees Benevolent Fund

- -

39 Expenditure Payments from Earmarked Funds-Other Earmarked funds

- -

40 Expenditure Lunch/Dinner Expenses on Official Occasion

- -

41 Expenditure Deprecia�on 2,830,008 3,030,866 42 Expenditure Provision for Doub�ul Debts and Advance - -

43 Expenditure Others Expenses 745,954 713,117 44 Expenditure Prior Period Expenses 251,355 212,661 45 Expenditure Students Associa�on Expenses - - 46 Expenditure Branch Transfer In 49,000 184,025

Opening Stock 720,061 758,166 TOTAL 22,882,212 24,777,911

C Income Inter-Unit for I&E1 Income Revenue Grant-DCO - - 2 Income Revenue Grant-RC - - 3 Income Membership Fee Grant 273,900 281,700 4 Income Staff & Admin Exp Grant 200,000 200,000 5 Income Branch Administra�on Grant - - 6 Income Public Rela�ons Grant - - 7 Income Students Associa�on Grant - - 8 Income Students Ac�vity Grant 450,000 450,000 9 Income Audit Fee Grant - -






31st March 201910 Income Special Grant - - 11 Income Adhoc Grant - - 12 Income BOS Related Grants Grant 2,057,116 12,200 13 Income Members Program Grant - - 14 Income Commission on Publica�on 30 5,714 15 Income Incen�ve for Study Material - - 16 Income Commission on Exam Forms - - 17 Income Income Support Services 833,477 2,446,977 18 Income Expense Support Services - -

Income/Expense

TOTAL 3,814,523 3,396,591

Income /Expense

SURPLUS/DEFICIT 129,072 1,496,532

Sr. No. Category PARTICULARS Year ended 31st March 2020

Year ended 31st March 2019

Liabilities LIABILITIES

D -1 Liabilities Rerserves1 Liabili�es Infrastructure Reserve-Opening Balance 408,731 408,731 2 Liabili�es Building Dona�ons recd for Branches - - 3 Liabili�es Building Dona�ons-U�liza�on - - 4 Liabili�es Infrastructure Reserve-Addi�ons - - 5 Liabili�es Infrastructure Reserve-U�liza�on - - 6 Liabili�es Admission Fees & Allocated Entrance

Fees - -

7 Liabili�es Trf From/to Infrastructure Reserve - - 8 Liabili�es Infrastructure Reserve-Trf From

Earmarked - -

9 Liabilities Infrastructure Reserve-Closing Balance 408,731 408,731

10 Liabili�es Educa�on Reserve-Opening Balance - - 11 Liabili�es Educa�on Reserve-Addi�ons - - 12 Liabili�es Educa�on Reserve-U�liza�on - - 13 Liabili�es Educa�on Reserve-Trf From Earmarked - - 14 Liabilities Education Reserve-Closing Balance - - 15 Liabili�es General Reserve-Opening Balance 8,585,490 7,132,658 16 Liabili�es P&L TRF to GR A/c 129,072 1,496,532 17 Liabili�es ADD/LESS:SURPLUS/DEFICIT - - 18 Liabili�es Profit & Loss A/c ( Diff. in Op Balances ) - - 19 Liabili�es General Reserve-Appropria�on of I&E - -






31st March 201920 Liabilities General Reserve Balance 8,714,562 8,629,190 21 Liabili�es General Reserve-Addi�ons - - 22 Liabili�es General Reserve-U�liza�on - - 23 Liabili�es Trf From/to General Reserve - - 24 Liabili�es General Reserve-Trf From Earmarked - - 25 Liabilities General Reserve-Closing Balance 8,714,562 8,629,190 26 Liabili�es Other Reserves-Opening Balance - - 27 Liabili�es Other Reserves-Addi�ons - - 28 Liabili�es Other Reserves-U�liza�on - - 29 Liabili�es Trf From/to Other Reserve - - 30 Liabili�es Other Reserve-Trf From Earmarked - - 31 Liabilities Other Reserves-Closing Balance - -

D-2 Liabilities EARMARKED FUNDS1 Liabili�es Other Earmarked Funds-Opening Balance 5,912,037 5,912,037

2 Liabili�es Income from Interest Other Earmarked Funds

- -

3 Liabili�es Payments from Other Earmarked funds - - 4 Liabili�es Other Earmarked Funds-Contribu�on - - 5 Liabili�es Other Earmarked Funds-Trf From General

Reserve - -

6 Liabilities Other Earmarked Funds-Closing Balance

5,912,037 5,912,037

7 Liabili�es Educa�on Fund-Opening Balance - - 8 Liabili�es Educa�on Fund-Appropria�on of I&E - - 9 Liabili�es Educa�on Fund-Contribu�on - -

10 Liabili�es Income from Interest Educa�on Funds - - 11 Liabili�es Payments from Educa�on Funds - - 12 Liabili�es Educa�on Fund-Trf From General

Reserve - -

13 Liabilities Education Fund-Closing Balance - - 14 Liabili�es Research Fund-Opening Balance - - 15 Liabili�es Research Fund-Contribu�on - - 16 Liabili�es Income from Interest Research Funds - - 17 Liabili�es Payments from Research Funds - - 18 Liabili�es Research Fund-Trf From General Reserve - -

19 Liabilities Research Fund-Closing Balance - - 20 Liabili�es Medal & prizes Fund-Opening Balance 194,542 194,542 21 Liabili�es Medal & Prizes Fund-Contribu�on - -






31st March 201922 Liabili�es Income from Interest Medal & prizes

Funds - -

23 Liabili�es Payments from Medal & prizes Funds - - 24 Liabili�es Medal & Prizes Fund-Trf From General

Reserve - -

25 Liabilities Medal & prizes Fund-Closing Balance 194,542 194,542 26 Liabili�es Accoun�ng Research Building Fund-

Opening Balance - -

27 Liabili�es Acc�ng Research Building Fund-Contribu�on

- -

28 Liabili�es Income from Interest Accoun�ng Research Building Funds

- -

29 Liabili�es Payments from Accoun�ng Research Building Funds

- -

30 Liabili�es Acctng Research Bldg Fund-Trf From General Reserve

- -

31 Liabilities Accounting Research Building Fund-Closing Balance

- -

32 Liabili�es Student Scholarship Fund-Opening Balance

40,900 58,000

33 Liabili�es Student Scholarship Fund-Contribu�on 2,538,000 78,400 34 Liabili�es Income from Interest Student Scholarship

Funds - -

35 Liabili�es Payments from Student Scholarship Funds

-80,500 -95,500

36 Liabili�es Student Scholarship Fund-Trf From General Reserve

- -

37 Liabilities Student Scholarship Fund-Closing Balance

2,498,400 40,900

38 Liabili�es Employees Benevolent Fund-Opening Balance

- -

39 Liabili�es Emp Benevolent Fund-Appropria�on of I&E

- -

40 Liabili�es Emp Benevolent Fund-Contribu�on - - 41 Liabili�es Income from Interest Emp Benevolent

Funds - -

42 Liabili�es Payments from Emp Benevolent Funds - - 43 Liabili�es Emp Benevolent Fund-Trf From General

Reserve - -

44 Liabilities Employees Benevolent Fund-Closing Balance

- -






31st March 2019Liabilities RESERVE AND FUND TOTAL 17,728,272 15,185,400

E Liabilities Fee Received in Advance1 Liabili�es FRA-Distant Educa�on Fee - - 2 Liabili�es FRA-Membership Fee - - 3 Liabili�es FRA-Examina�on Fees - - 4 Liabili�es FRA-Journal Subscrip�on - - 5 Liabili�es FRA- Seminar & Others 770,800 80,254 6 Liabili�es FRA-GMCS, ITT, Coaching & Orienta�on

Courses - -

7 Liabili�es FRA-Cer�ficate Courses - - 8 Liabili�es FRA-Post Qualifica�on Courses - -

Liabilities Total Fee Received in Advance-Short Term

770,800 80,254

9 Liabili�es FRA-Distant Educa�on Fee-Long Term - - 10 Liabili�es FRA-Membership Fee-Long Term - - 11 Liabili�es FRA-Examina�on Fees-Long Term - - 12 Liabili�es FRA-Journal Subscrip�on-Long Term - - 13 Liabili�es FRA- Seminar & Others-Long Term - - 14 Liabili�es FRA-GMCS, ITT, Coaching & Orienta�on

Courses-Long Term - -

15 Liabili�es FRA-Cer�ficate Courses-Long Term - - 16 Liabili�es FRA-Post Qualifica�on Courses-Long

Term - -

Liabilities Total Fee Received in Advance-Long Term

- -

Liabilities Total Fee Received in Advance 770,800 80,254

F Liabilities Current/Non Current Liabilites 1 Liabili�es Direct Tax 52,584 33,274 2 Liabili�es Indirect Tax - -834,762 3 Liabili�es Labour Laws - - 4 Liabili�es Provision for Employee Benefits-Leave

Encashment - -

5 Liabili�es Provision for Employee Benefits-Gratuity - -

6 Liabili�es Provision for Employee Benefits-Pension - -

7 Liabili�es Creditors For Exp-Capital Items - - 8 Liabili�es Creditors For Exp-Non Capital Items -94,176 -850,937






31st March 20199 Liabili�es Provision for doub�ul debts & Advance - -

10 Liabili�es Deposits 25,000 50,000 11 Liabili�es Other Liability 336,220 198,336 12 Liabili�es Suspense Account - -

Liabilities Total Current Liabilites 319,628 -1,404,089

13 Liabili�es Direct Tax-Non Current - - 14 Liabili�es Indirect Tax-Non Current - - 15 Liabili�es Labour Laws-Non Current - - 16 Liabili�es Provision for Employee Benefits-Leave

Encashment-Non Current - -

17 Liabili�es Provision for Employee Benefits-Gratuity-Non Current

- -

18 Liabili�es Provision for Employee Benefits-Pension-Non Current

- -

19 Liabili�es Creditors For Exp-Capital Items-Non Current

- -

20 Liabili�es Creditors For Exp-Non Capital Items-Non Current

- -

21 Liabili�es Provision for doub�ul debts & Advance-Non Current

- -

22 Liabili�es Deposits-Non Current - - 23 Liabili�es Other Liability-Non Current - -

Liabilities Total Non Current Liabilites - -

Liabilities Total Current/Non Current Liabilites Total

319,628 -1,404,089

G Liabilities Inter-Unit Balance Liabilites1 Liabili�es Publica�on Current A/c - - 2 Liabili�es Publica�on Stock Transfer-A 538,264 562,452 3 Liabili�es Pubn Receivable A/c - - 4 Liabili�es Exam Form Current A/c - - 5 Liabili�es Current Account - - 6 Liabili�es Staff Loan Control Account - - 7 Liabili�es Capital Grant 9,573,183 8,920,275 8 Liabili�es Library Grant 44,701 9 Liabili�es Building Grant 52,832,005 52,832,005

10 Liabili�es ITT Centre Grant - - 11 Liabili�es Reading Room Grant - - 12 Liabili�es Advance for Programs - - 13 Liabili�es No�onal Transfer A/C - -






31st March 201914 Liabili�es Remi�ance to Head Office - - 15 Liabili�es Income Trf Control A/c - -

Liabilities INTER UNIT BALANCES TOTAL 62,988,153 62,314,732

Liabilities TOTAL 81,806,852 76,176,297

Assets ASSETS

H Assets Fixed Assets1 Assets Land Leasehold 6,983,537 6,983,537 2 Assets Land Freehold - - 3 Assets Building 39,309,332 41,378,244 4 Assets Tangible Assets 5,323,841 6,014,425 5 Assets Intangible Assets - -

Assets Fixed Assets Total 51,616,709 54,376,205 Assets Building WIP Account

I Assets Investments1 Assets Earmarked Investment Short Term 8,624,546 6,147,479 2 Assets Fixed Deposits with Banks Short Term 11,110,162 10,490,300 3 Assets Investment in Govt Securi�es Short Term - -

4 Assets Investment in PSU Bonds/Securi�es Short Term

- -

5 Assets General Investment Short Term 1,853,139 1,487,000 Investments-Short Term 21,587,847 18,124,779

1 Assets Earmarked Investment Long Term - - 2 Assets Fixed Deposits with Banks Long Term - - 3 Assets Investment in Govt Securi�es Long Term - -

4 Assets Investment in PSU Bonds/Securi�es Long Term

- -

5 Assets General Investment Long Term - - Investments-Long Term - -

Assets Investments Total 21,587,847 18,124,779

J Assets Current/Non-Current Assets1 Assets Publica�on Stock 739,091 720,061 2 Assets Opening Stock - - 3 Assets Publica�on Stock Transfer-L - -






31st March 20194 Assets Consumables Stock - - 5 Assets Interest Accrued-Fixed Deposits with

Banks_Current - -

Assets Interest Accrued-Investment_Current - - 6 Assets Interest Accrued-Staff_Current - - 7 Assets Interest Accrured on Earmarked

Funds_Current - -

8 Assets Loans to Staff_Current 40,900 74,000 9 Assets TDS Receivable Account_Current - -

10 Assets Security Deposit_Current - 6,250 11 Assets Advance to Party_Current - - 12 Assets Advance to Employees_Current - - 13 Assets Advance to Council Member_Current - - 14 Assets Customer Accounts_Current 6,820 15 Assets Other Receivable_Current 250,595 124,327 16 Assets GST on Advance - - 17 Assets Prepaid Expenses 709,428 97,752 18 Assets Cash In Hand 2,779 19 Assets Cash at Bank 1,236,895 234,335

Assets Total Current Assets 2,986,508 1,256,725

19 Assets Interest Accrued-Fixed Deposits with Banks_Non-Current

- -

Assets Interest Accrued-Investment_Non-Current

- -

20 Assets Interest Accrued-Staff_Non-Current - - 21 Assets Interest Accrured on Earmarked

Funds_Non-Current - -

22 Assets Loans to Staff_Non-Current - - 23 Assets TDS Receivable Account_Non-Current - - 24 Assets Security Deposit_Non-Current - - 25 Assets Advance to Party_Non-Current - - 26 Assets Advance to Employees_Non-Current - - 27 Assets Advance to Council Member_Non-

Current - -

28 Assets Customer Accounts_Non-Current - - 29 Assets Other Receivable_Non-Current - -

Assets Total Non Current Assets - -

Assets Current / Non Current Assets Total 2,986,508 1,256,725

K Assets Inter-Unit Balance Assets






31st March 20191 Assets Publica�on Current A/c - - 2 Assets Exam Form Current A/c - - 3 Assets Current Account 5,615,788 2,418,552 4 Assets Staff Loan Control Account - - 5 Assets Capital Grant - - 6 Assets Library Grant - - 7 Assets Building Grant - - 8 Assets ITT Centre Grant - - 9 Assets Reading Room Grant - -

10 Assets Advance for Programs - - 11 Assets No�onal Transfer A/C - - 12 Assets Remi�ance to Head Office - - 13 Assets Income Trf Control A/c - -

Assets INTER UNIT BALANCES TOTAL 5,615,788 2,418,552

Assets TOTAL 81,806,852 76,176,297

DIFFERENCE - -

As per our report of even dateFor K. M. Swadia & Co.

Chartered AccountantsFirm Reg. No. 110740W

CA. Archit D Antani CA Krunal Brahmbhatt CA Manoj Sahu CA Rikin Patel Partner Chairman Secretary TreasurerMembership No. 149221Baroda | 24th May 2020 Baroda | 24th May 2020UDIN - 19149221AAAACO6378

For, Vadodara Branch of WIRC of The Institute of Chartered Acccounts of India




THE INSITUTE OF CHARTERED ACCOUNTANTS OF INDIACASH FLOW STATEMENT FOR FINANCIAL YEAR ENDED ON MARCH 31, 2020Vadodara Branch of WIRC of ICAI

INFLOWCapital Account-11 2,539,000

Reserves & Surplus-1101 2,539,000 Current Liabilities-12 3,179,242

Du�es & Taxes-1201 927 Sundry Creditors-1203 2,447,515 Fees Received in Advance-1204 705,800 Other Liabilites-1205 25,000

Investments-22 55,346,258 Earmarked Investment-2202 50,793 General Investment-2201 55,295,465

Current Assets-23 4,721,992 Sundry Debtors-2303 4,721,992

Branch / Divisions-13 12,917,164 Inter Head Balances- BS-61 12,917,164

Direct Incomes-32 2,041,335 Fees Received-3201 94,850 Income Support Services-3204 533,000 Opera�ng Income-3203 186,351 Seminars Par�cipa�on Fees-3202 1,227,134

Direct Expenses-42 281,984 Opera�ng Expenses-4204 5,727 Seminar and Programs-4201 276,257

Indirect Incomes-33 1,442,360 Other Income-3301 1,442,360

Total 82,469,335 OutflowCurrent Liabilities-12 19,102,002

Du�es & Taxes-1201 435,551 Sundry Creditors-1203 18,237,503 Other Liabilites-1205 50,000 Provisions-1206 378,948

Investments-22 58,772,722 Earmarked Investment-2202 2,527,860 General Investment-2201 56,244,862

Current Assets-23 976,998 Loans & Advances (Asset)-2302 675,976 Sundry Debtors-2303 174,754 Other Assets-2306 126,268

Branch / Divisions-13 648,158 Branch/Division Transfer-1301 24,158 Inter Head Balances- BS-61 624,000

Direct Incomes-32 49,300 Seminars Par�cipa�on Fees-3202 49,300

For Year Ended March 31, 2020

Cash Flow Statement for FY 2019-20Vadodara Branch of WIRC of The Ins�tute



OutflowDirect Expenses-42 1,914,815

Employee Benefit Expenses-4202 177,993 Opera�ng Expenses-4204 183,029 Prin�ng and Sta�onery-4203 32,568 Seminar and Programs-4201 1,521,225

Total 81,463,995 NET INFLOW 1,005,340

As per our report of even dateFor K. M. Swadia & Co. Chartered AccountantsFirm Reg. No. 110740W

CA Archit D Antani CA Krunal Brahmbhatt CA Manoj Sahu CA Rikin Patel Partner Chairman Secretary TreasurerM. NO. 149221Baroda : 28th May 2020 Baroda | 28th May 2020UDIN 20149221AAAABC5732

For, Vadodara Branch of WIRC of The Institute of Chartered Acccounts of India

Cash Flow Statement for FY 2019-20Vadodara Branch of WIRC of The Ins�tute



THE INSITUTE OF CHARTERED ACCOUNTANTS OF INDIADEPRECIATION FOR THE YEAR 2019-20Vadodara Branch of WIRC of ICAI

COST AT 01/04/2019

ADDITIONS ADJ.COST AS AT 31/03/2020

4/1/2019 ADDITION 3/31/2020WDV AS ON 31/03/2020

WDV AS ON 31/03/2019

A.Tangible Assets

01. Land - Free Hold 6,983,537 6,983,537 - 6,983,537 6,983,537

03. Buildings 5% 55,701,466 55,701,466 14,323,223 2,068,912 16,392,135 39,309,331 41,378,244 - -

04. Electric Installa�ons & Fix. 10% 982,954 982,954 386,993 59,596 446,589 536,365 595,961

05. Computers 60% 1,980,175 1,980,175 1,949,636 18,323 1,967,959 12,216 30,539 - -

06. Air Condi�oners 15% 2,808,278 2,808,278 1,971,819 125,469 2,097,288 710,990 836,459

07. Furniture & Fixtures 10% 6,677,985 6,677,985 3,995,367 268,262 4,263,629 2,414,356 2,682,618

08. Li�s 10% - - - - - -

09. Office Equipments 15% 4,117,406 69,500 4,186,906 2,248,558 288,434 2,536,992 1,649,914 1,868,848

10. Vehicles 20% - - - - -

11. Library Books 100% 515,649 1,012 516,661 515,649 1,012 516,661 -

B. Intangible Asset01. So�ware 24,719 24,719 24,719 - 24,719 - TOTAL 79,792,169 70,512 - 79,862,681 25,415,964 2,830,008 28,245,974 51,616,708 54,376,206

As per our report of even dateFor K. M. Swadia & Co. For, Vadodara Branch of WIRC ofChartered Accountants The Institute Of Chartered Accountants Of IndiaFirm Reg. No. 110740W

CA Archit D Antani CA.Krunal Brahmbhatt CA. Manoj Sahu CA. Rikin PatelPartner ChairmanMembership No. 149221Baroda | 28/05/2020 Baroda | 28/05/2020UDIN 20149221AAAABC5732

Treasurer Secretary

RATEGROSS BLOCK DEPRECIATION AND AMORTISATION NET BLOCK

PARTICULARS





ICAI PUBLICATION ACCOUNT FOR THE PERIOD 01/04/2019 TO 31/03/2020(in INR)

INSTITUTE PUBLICA-

TION

BOS PUBLICATIONS

(Incl Prospectus)

SUGESSTED ANSWERS &

COMPILATIONSRTP

STUDY MATERIAL

FORM 102/103

TIE OTHERS TOTAL

A Publication Stock Account of ICAIOpening Stock (As on 01.4.2015) 144,780 2,305 42,260 133,871 150,830 37,450 6,250 14,675 532,421 Add: Publica�on received - - - - - - - - - Add: Publica�on received in Excess - - - - - - - - - Less: Publica�on Sold 1,750 - - - - 3,250 250 - 5,250 Less/Add: Shortage / Excess - - - - - - - - - Less: Obsolate Stock Disposed off - - - - - - - - - Less: Complimentaries Issued - - - - - - - - - Less: Returs to Noida - - - - - - - - - Less: Concessional Sales - - - - - - - - - Closing Stock 143,030 2,305 42,260 133,871 150,830 34,200 6,000 14,675 527,171

B Sales proceeds remitted to HOCheque No. Dated - - - - - - - - - Cheque No. Dated - - - - - - - - - Cheque No. Dated - - - - - - - - - Cheque No. Dated - - - - - - - - -

Total Remittances - - - - - - - - - C Publication Sales Payable Account

Opening Balance (As on 01.04.2017) - - - - - - - - - Add: Total Sales during the Period - - - - - - - - - Less: Commimsion on Sales (20%) - - - - - - - - - LESS: Amount Remi�ed to HO (As per B Above) - - - - - - - - - Balance Payable - - - - - - - - -

PARTICULARS



"

-



""


THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA REGIONAL COUNCIL - WESTERN INDIA

STATEMENT OF BARODA BRANCH OF WICASA PROGRAMME WISE SURPLUS / DEFICIT

INCOME AND EXPENDITURE ON CONFERENCES AND SEMINARS AND OTHER ACTIVITY(in INR)

SR. NO.

NAME OF PROGRAMME PERIOD INCOME EXPENDITURESURPLUS /

(DEFICIT)FULL DAY SEMINAR/ COURSES / CONFERENCES

1 GST Cer�ficate Course 01.04.2019 20,000 15,446 4,554 2 2 Days Seminar on Prac�cal Aspects of

Audit 22.06.2019 & 23.06.2019

10,150 2,698 7,452

3 CA Students' Conference @ Vadodara 2019

19.07.2019 & 20.07.2019

2,476,014 1,778,754 6,97,260.00

4 Talent Search Hunt 27.07.2019 & 28.07.2019

1,150 18,893 (17,743)

5 Industrial Visit @ Amul Dailry & Chocolate Factory

16.08.2019 3,200 11,820 (8,620)

6 Mock Parliament with Chhatra Sanand 16.08.2019 - 6,393 (6,393) 7 Full Day Revisionery Session - Indirect

Taxa�on (CA-IPC/INTER)02.09.2019 5,250 3,533 1,717

8 CA Student Ond-day Reg. Programme 10.12.2019 9,700 11,567 (1,867) 9 SPOCUL 2019 14.12.2019 & 15.12.2019 10,600 116,970 (106,370)

10 Chhatra Sansad 21.12.2019 & 22.12.2019 121,989 181,240 (59,251) 11 Impulse 2019 28.12.2019 108,632 281,037 (172,405) 12 Ar�cleship Orienta�on Programme 17.02.2020 3,150 7,400 (4,250)

Total A 2,769,835 2,435,751 334,084

Half Day Seminar/Workshop Series/Quiz/Elocution/Mock Test

1 Inspira�onal Talk with Gen. Dilawar Singh

07.04.2019 - 1,670 (1,670)

2 Inspira�onal Talk with Dr. Pawan Agrawal (Mumbai Dabbawala Fame)

15.04.2019 - 295 (295)

3 Pilot Test Series I & II (FOR CA- FINAL(OLD/NEW) & IPC/INTER) June 2019

15.04.2019 TO 29.04.2019

700 140 560

4 Career Counselling @ MES Boys High School

28.04.2019 - 2,035 (2,035)

5 Mock Test Series II (FOR CA- FINAL(OLD/NEW) & IPC/INTER) June 2019

01.05.2019 TO 11.05.2019

34,200 7,644 26,556

6 Live Screening of India Vs Pakistan 16.06.2019 1,050 200 850 7 Seminar on GSTR 9 & 9C 18.06.2019 11,800 495 11,305 8 CA Day Celebra�on 01.07.2019 - 3,380 (3,380)

NAME OF THE BRANCH - BARODA

Financials FY 2019-20Vadodara Branch of WIRC of The Ins�tute



SR. NO.

NAME OF PROGRAMME PERIOD INCOME EXPENDITURESURPLUS /

(DEFICIT)9 Chartered Premier League 2019 01.07.2019 30,820 17,000 13,820

10 Interac�on with Piyush Mishra 07.07.2019 - 3,370 (3,370) 11 Trip to Parliament (Delhi) 24.07.2019

TO 26.07.2019

150,000 241,207 (91,207)

12 CA Falicia�on Progamme 17.08.2019 - 6,840 (6,840) 13 Ar�cleship Placement Programme 26.08.2019 22,500 3,015 19,485 14 Study Circle by CA Vaibhav Thakkar 31.08.2019 - 1,632 (1,632) 15 Talk Show on "WHAT TO DO AFTER

RESULTS ?"05.09.2019 - 1,635 (1,635)

16 Revisionery Lecture - Law (CA-IPC/INTER)

07.09.2019 & 13.09.2019

400 839 (439)

17 Full-day Revisonery Session - Direct Taxa�on (CA-FINAL)

08.09.2019 11,124 11,124 -

18 Mock Test Series I (FOR CA- FINAL(OLD/NEW) & IPC/INTER) November 2019

25.09.2019 TO 10.10.2019

7,800 - 7,800

19 Series 1 Final Mock Test 1.10.2019 - 634 (634) 20 Series 1 IPCC Mock Test 1.10.2019 - 1,076 (1,076) 21 Series 2 Final Mock Test 1.10.2019 - 1,370 (1,370) 22 Series 2 IPCC Mock Test 1.10.2019 - 155 (155) 23 Series 2 IPCC Mock Test 1.10.2019 - 330 (330) 24 GST Annual Return 22.10.2019 - 977 (977) 25 Diwali Celebra�on 27.10.2019 - 7,555 (7,555) 26 Mock Test (November) 1.11.2019 11,100 12,160 (1,060) 27 Carrier Counselling @ Billabong

Interna�onal School19.11.2019 - 575 (575)

28 Carrier Counselling @ M S University (Udhyan Care)

29.11.2019 - 1,605 (1,605)

29 Study Circle 30.11.2019 - 1,876 (1,876) 30 Chartered Accountant's Premier League 30.12.2019 - 29,016 (29,016) 31 Chartered Accountant's Premier League 31.12.2019 - 9,856 (9,856) 32 Kite Flying Fes�val 12.1.2020 800 4,840 (4,040) 33 Pre-Budget Discussion 24.1.2020 1,530 715 815 34 Box Cricket Tournament 26.1.2020 10,000 10,565 (565) 35 Self Defense Workshop 26.1.2020 - 920 (920) 36 Ar�cleship Placement Programme 6.2.2020 54,400 11,817 42,583 37 Post Budget Session 8.2.2020 1,050 380 670 38 Employee Day Celebraiton 6.3.2020 - 4,330 (4,330) 39 Holi Celebra�on 10.3.2020 - 12,750 (12,750) 40 IFRS Session by Saket Modi 12.3.2020 450 200 250 41 Mocktest Series May 2020 12.3.2020 800 7,650 (6,850)

- Total B 350,524 423,873 (73,349)

Financials FY 2019-20Vadodara Branch of WIRC of The Ins�tute


53baroda-icai.org/media/branch_news_letter/7e8cbb537a7615... · 2020. 7. 17. · Vishal Doshi CA....

Documents

Transcript of 53baroda-icai.org/media/branch_news_letter/7e8cbb537a7615... · 2020. 7. 17. · Vishal Doshi CA....