CA Akhil Pachori Profile picture
Dec 7, 2022 β€’ 12 tweets β€’ 6 min read β€’ Read on X
FAQ's on #DigitalRupee

A Thread 🧡
What is CBDC?
How will the #eRUPI work?
How is it different from UPI?
Who will provide u with initial #eRUPI ?
Difference between #eRUPI & #cryptocurrecy
Is this an Investment?
Why is #eRUPI bought in by RBI?
Advantages of #eRUPI for Public
Challenges in #eRUPI
#eRUPI would be issued in Denominations that are at present available in Physical notes

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More from @akhilpachori

Dec 6, 2023
Every CA is required to complete Unstructured CPE Hours (whether in Practice or in Job)

Here is the process to complete the required CPE Hours for the year 2023 🧡
Image
Step 1: Login to using your credentials. After logging in you will see the below screen.

You can see the CPE hours at Top Right of your screen: cpeapp.icai.org/member/login
Image
Step 2: Go to Submit ULA Online Image
Read 5 tweets
Dec 5, 2023
Since, we know CA Members in Practice are now Reporting Entities as per Notification dated 3rd May, 2023 under the Prevention of Money Laundering Act, 2002

ICAI @theicai has issued Frequently Asked Questions (FAQs) for Members

Some Important FAQ's in this thread below πŸ§΅πŸ‘‡
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Who is a Reporting Entity ? Image
Who is a Beneficial Owner? Image
Read 26 tweets
May 1, 2023
Tired of Blocking Spam Callers!!!🚨🚨

πŸ”₯πŸ“± #TRAI has finally implemented the much-awaited change in rules for fake calls, promotional calls, and fake/push SMS which will be applicable from today onwards - from May 1, 2023

So what is the matter ??

Let's see in this thread 🧡 Image
πŸ‘‰ Starting from May 1st, Telecom Companies will be required to implement AI to filter spam calls and messages, as directed by TRAI.

πŸ‘‰This is expected to provide much-needed relief to customers who are tired of receiving pesky calls and fake messages.
πŸ‘‰As per the Survey of CNBC, 95% of people who have registered themselves for DnD, still receive Spam Calls Image
Read 9 tweets
Dec 1, 2022
CBDC Pilot project has been launched from Today

What it is?

How does it change the Payment Industry?

How is it Different from UPI?

Interesting Thread Ahead🧡
π–π‘πšπ­ 𝐒𝐬 𝐂𝐁𝐃𝐂?

- Digital form of currency notes issued by RBI (e-β‚Ή)

- In layman's terms, it is money that don't have physical existence and exists digitally only!

- not much different from banknotes, but being digital it is easier, faster and cheaper
The key design choices to be considered for issuing CBDCs include

- Types (Wholesale/Retail CBDC)
- Models for issuance and management (Direct, Indirect or Hybrid model)
- Form (Token/Account based)
- Instrument Design (Remunerated/Non-remunerated)
- Degree of Anonymity
Read 24 tweets
Oct 24, 2022
#ICAI issued advisory for using "CA" or "Chartered Accountant" with caution

A break down on what could be the consequences or what would be the reason for such an advisory

Detailed Thread 🧡 Image
Para 4 of the Advisory says that u can also post personal comments/tweets & you can also use CA or Chartered Accountant in your Bio/Profile Name or wherever you like apart from professional matters Image
Para 5 is the crux of this advisory which advises members to exercise discretion & maintain dignity while posting such comments of personal nature (that are not covered in para 4) Image
Read 11 tweets
Sep 15, 2022
We all are concerned about Clause 44 of 3CD, but there is another clause 30C that needs to be reported starting this year

Let's have a closer look at Clause 30C of 3CD

A Thread 🧡
Reporting required in Clause 30C looks like this
To report in this clause, we first need to understand what Impermissible Avoidance Arrangement (IAA) is as referred to u/s 96 of IT Act, 1961
Read 10 tweets

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