A lot of people have shown their support for the family of deceased and we all want @theicai to help their family.

ICAI is always ready to help their genuine members, ICAI representatives have reached out to their family for offering help. But..

Check whole thread below 👇
ICAI has searched their Membership database and asked the family to provide with Membership Number, But they are able to trace the Membership Number of Late Mr. Rakshit Khandelwal

Also, just for the knowledge of everyone, a few other news reports of fraud is there (Link below👇)
If anyone has his Membership Number or Student Reg No, that would help

Matter is being investigated by Police.

Let’s all wait for a few days for whole picture to be clear

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More from @akhilpachori

Aug 19
A Thread 🧵on Clause 44 of Form 3CD as per Guidance Note issued by @theicai today

Guidance Note issued after 8 years, last GN was issued in 2014

Link to download the same is here: drive.google.com/file/d/1aPig6u… Image
No need to give Head wise bifurcation as "Total Expenditure" is required to be reported in Clause 44

However, to report the exact figures, we might have to make reconciliation of the figures head wise. Image
Debits in Profit & Loss which are not paid but are expenditure (Example, Depreciation, Deduction for Bad Debts etc.) need not be reported in this. Image
Read 10 tweets
Aug 12
Some major questions arising in RCM on Residential Dwelling Rent

A Thread 🧵 Image
Implication of GST in Summarized form Image
GST Registered person takes Residential Property for Personal Use : GST Applicable

ITC : Not allowed (to check whether it is used for furtherance of business or not) Image
Read 7 tweets
Aug 10
Sharing a few extract of analysis on Clause 44 reporting by CA Yash Dhadda ji

A Thread 🧵 Image
2/n ImageImageImageImage
3/n ImageImageImageImage
Read 9 tweets
Jun 3
Board of Studies, ICAI PPT analysis for the Proposed Scheme on the complete Course received on WhatsApp... (Please confirm with Draft as the date of PPT was of April)

A Thread 🧵
Complete CA Course Comparison
Foundation
Read 14 tweets
Jun 3
Major Changes have been proposed in the Chartered Accountants (2nd Amendment) Regulations, 2022

Let's break them down in a Thread below🧵

Kindly make it reach maximum people..
A person who wish to take COP must take 1 year post qualification Experience under Practicing FCA to apply for COP. This experience should be in the last 5 years..
Registration for Foundation can now be done after passing 10th also

But needs to register on or before 31-Dec to give exams in May Attempt
Read 17 tweets
Nov 25, 2021
One of our client (Trader) had GST Department Audit yesterday

A few points I noticed (Thread)

1. They came with a list of mismatch with books & 2A (books input that was sent by us)

They came up with a mismatch of 53 lakhs worth of Input (When reconciled with 2A ..

1/n
.. 2A online we found there was no such mismatch and they were shocked as on their end it was not showing these bills in 2A)

They were shocked but I had experience of #GSTN portal, all thanks to #Infosys

One point of SCN was cancelled

2/n
2. This Audit came to this client because of 3 factors:

- Inward E-Way bills were reduced to almost Nil as the client Godown was in the same Godowns Area requiring no motor vehicle to transport goods from purchaser to their premises

- There was reversal of 1 crore + due..

3/n
Read 10 tweets

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