annual report 2015 - baroda-icai.org · to present its 48th annual report of managing committee for...

Baroda Branch of WIRC of

The Institute of Chartered Accountants of India

48 ANNUAL REPORTth

2014-15

48th Annual Report 2014-15


BARODA BRANCH OFTHE WESTERN INDIAN REGIONAL COUNCIL OF

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

NOTICE

Baroda Branch of WIRC of ICAI

CA. Arpan Dodia

Notice is hereby given that 48th Annual General Meeting of the Members of the Baroda Branch of the Western IndiaRegional Council of the Institute of Chartered Accountants of India will be held on Monday, 29thJune 2015 at 6.00 pmat ICAI Bhawan, Kalali-Tandalja Road, Atladra, Baroda – 390012 to transact the following business:

1. To receive and adopt the report of Managing committee for the year 2014-2015 i.e. from 1st June 2014 to 31st M a y2015.

2. To Receive and adopt the Auditor’s Report and Audited Accounts for the year ended on 31st March, 2015.

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

For

Place: Vadodara

Date: 8th June, 2015 Secretary


The Baroda Branch of the Western India Regional Council of the Institute of Chartered Accountants of India is pleasedto present its 48th Annual report of Managing Committee for the period from 1st June 2014 to 31st May 2015 and theaccounts for the financial year ended on 31st March, 2015.

Since last several years, Baroda Branch has been consistently acknowledged as one of the Best Performing Branch by theICAI. A number of activities are undertaken round the year for the benefit of its members and students at large.Involvement from members as well as students had remained encouraging throughout the year.

At the same time we also wish to place on record our sincere appreciation and gratitude to the following persons who havemade it possible to conduct various activities of the Branch:

Chairmen, Faculties and Members at- various Post Qualification Courses/ Certificate Courses, Seminars,Conferences, Refresher Courses, Workshops, Lecture Meetings, GMCS Course for CA Final Students,Information Technology Training, Orientation Program for IPCC students, Classroom Training Centre andother courses - for sparing their valuable time for the cause of the profession.

Co-opted members of various committees and working groups of the Branch.

The various contributors to the Newsletter for making it more informative and interesting.

Statutory Auditors of the Branch M/S Mahesh Udhwani & Associates, Chartered Accountants.

Internal Auditors of the Branch M/S Shah & Kadam, Chartered Accountants.

Axis Bank, Race Course Branch

Various professionals and other organizations for their co-operation and assistance in organizing programmes.

Mr. Ketan Kharva, Ms. Parita Shah, Mr. Jayesh Panchal, Mr. K.C. Rajput, Mr. Prakash Parmar, Mr. DharmeshShah, Mr. Jitendra Jat, Mr. Jagdishbhai Prajapati & Mr. Amar Baswa- staff of the Branch for their continueddedicated efforts and hard work throughout the year.

The printers for their timely printing of Newsletter and other materials through the year.

Advertisers in the Newsletter and other publications.

Various agencies and the press & media for their support and for providing best services to Baroda Branch ofWIRC of ICAI.

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CA. Yash Bhatt CA. Viral Shah

CA. Arpan Dodia CA. Dhiren Parikh

CA. Abhishek Nagori CA. Nayan R. Kothari

CA. Kejal Pandya CA. Utpal Shah

CA. Hitesh Agrawal

BARODA CPE STUDY CIRCLE

CA. Kejal Pandya

CA. Krunal Brahmbhatt

CA. Varun Fitter

Chairman Vice- chairman & Chairman Baroda Branch of WICASA

Secretary Treasurer

Ex Officio – WIRC Member Imm. Past Chairman

Member Member

Member

Convener

Co-convener

Co-convener

REPORT OF THE MANAGING COMMITTEEOF THE BARODA BRANCH OF WIRC OF ICAI FOR YEAR 2014-2015


Date Particular CPE No. of CPE HrsHrs Participants Generated

13.07.14 Seminar on analysis of Union Budget 2014 3 229 600

07.08.14 Seminar On Scope And Opportunities For Young MembersIn Practice And Service organized by Young MembersEmpowerment Committee, ICAI, New Delhi & hostedby Baroda Branch of WIRC of ICAI 2 219 400

23.08.14 Full Day Investors’ Awarness Programme organized byCommittee on Financial Markets and Investors’ Protection ofICAI & hosted by Baroda Branch of WIRC of ICAI 6(only for ICAI Members)

06.09.14 Half Day Seminar on “Tax Audit” 4 163 624

12.09.14 Half Day Seminar on Service Tax & CENVET 4 62 188

08.11.14 ICAI Regional Conference on Urban Co-operative Banksorganized by Committee for Co-operatives & NPO Sectors(CCONPO), ICAI & hosted by Baroda Branch of WIRC of ICAI 6 59 270

12-13.12.14 National Conference on Taxation (Multi Track) Organisedjointly by : Direct Tax & Indirect Tax Committee of ICAI 12 294 3528

26-27.12.14 WIRC Regional Conference on Information & Technology:organized by WIRC of ICAI 9 117 1053

30.12.14 Full Day Seminar on NPO/NGO: Organized byCommittee for Cooperatives & NPO sectors & Jointly Hosted byAnand & Baroda Branch of WIRC of ICAI 6 120 720

03.03.15 Seminar on clause to clause analysis of Union Budget 2015 3 296 888

24.03.15 Half Day Seminar on “Year end compliance-Companies Act-2013” 4 120 480

28.03.15 Full Day Seminar On Bank Branch Audit 6 197 1182

25.04.15 Half day seminar on Audit Reporting Requirements &CARO 2015 4 74 296

09.05.15 Full Day Seminar on Co-operative Banks & Societies 6 110 660

30.05.15 Full day seminar on FEMA 6 66 396

07.06.14 Direct Tax Refresher Course Part- II

14.06.14 Direct Tax Refresher Course Part- III

04.07.14 Interactive meet of the leaders of the Profession in Industry,organized by Committee for Members in Industry & hostedJointly by Baroda , Bharuch & Anand Branches of WIRC of ICAI 3 70 150

05.07.14 Company Law Refresher Course ( CLRC) 306.07.14 3 44 129

11.07.14 Company Law Refresher Course ( CLRC) 3

18.07.14 Company Law Refresher Course ( CLRC) 33

09.08.14 Workshop on Transfer Pricing 4 59 224

450 1800

49 147

60 150120.7.14 3 67 168

50 12019.07.14 56 135

SEMINAR & CONFERENCES

WORKSHOP & TRAINING PROGRAMS

5 80 395

5 93 430



30-31.08.14 2 Full days practical Workshop on Financial Modelling 12 18 216

04-05.10.14 All Gujarat Workshop on Company Law- Jointly organised andhosted by : Ahmedabad & Baroda Branch of WIRC of ICAI 7 237 700

14.11.14 Half Day Workshop on Cloud based Accounting & Auditing 4 56 224

22.11.14 Half Day Workshop on “Depreciation under the new companiesAct – Provisions & Case Studies” 4 111 416

29-30.11.14 2 days National Workshop on Internal Audit 8 54 420

19.12.14 One day Training Programme for Peer Reviewers;Organised by : Peer Review Board, ICAI 6 56 336

31.01.15 Half Day Workshop on Leadership & Management 4 92 368

06-07.02.15 Intensive Workshop on Service Tax 9 59 531

19.03.15 Women’s Programme on Change your Image, Change your Life N.A 50

16.05.15 Felicitation & Interaction with Shri Suresh Prabhu, Hon'bleUnion Minister ( Ministry of Railway) & Conference on GST 3 237 700

23.08.14 Lecture Meeting on CARO 2 34 62

11.10.14 Lecture Meeting ., Organised by: Baroda Branch of WIRC

of ICAI & Baroda CPE Study Circle 2 41 80

27.12.14 Lecture Meeting on Management N.A 40 N.A

29.12.14 Lecture Meeting on Derivatives; jointly organized by

Baroda Branch of WIRC of ICAI & Baroda CPE Study Circle 3 81 243

31.12.14 "Summit on CA Professionals & SMEs in Make in India;

Organised By: Committee for Capacity Building of CA Firms &

Small & Medium Practitioners(CCBCAF & SMP), ICAI & Jointly

Hosted by:Baroda Branch of WIRC of ICAI & Baroda CPE Study

Circle of ICAI & Baroda Management Association - BMA " 3 71 200

23.02.15 Change over of Managing Committee & Lecture Meeting on India

2030: Role of Professionals – A Paradigm Shift 2 116 232

21.04.15 Lecture Meeting on POEM ( Place of Effective Management),

jointly with Baroda CPE Study Circle 2 27 54

17.06.14 Information management – Systems and procedures 2 44 88

27.06.14 Place of Provision of Services Rules, 2012 2 46 86

08.07.14 Exemption u/s. 54,54F & 54EC of IT Act andother issues of taxation 2 44 88

22.07.14 Works Contract under GVAT Act 2 53 104

12.08.14 Business Etiquette & Stress Management 2 26 52

26.08.14 Revised Tax Audit Report , Issues in Tax Audit & E-filing 2 128 256

16.09.14 Transfer Pricing (Domestic & International) 2 26 52

07.10.14 Filing under Company Law 2 51 102

11.10.14 How to Gear up for Implementation of IND AS 2 46 92

11.11.14 Issues & Controversies in Section 14A & Rule 8D(Including recent judgements) 2 46 92

18.11.14 Overview of CENVAT Credit 2 62 122

03.12.14 Emerging trends in Indian Stock Market 2 56 112

LECTURE MEETING

STUDY CIRCLE MEETINGS



16.12.14 Management Control and Planning System-A Costing Approach 2 60 116

23.12.14 Financial Planning & Insurance 2 56 112

20.01.15 VAT Audit 2 56 110

27.01.15 Venture Capital – Concept, Practices and Role of CA’s 2 42 84

10.02.15 Specific Provisions applicable to Private Ltd. Companies underthe Companies Act,2013 2 82 164

23.02.15 India 2030: Role of Professionals – A Paradigm Shift -Organized jointly by Baroda Branch of WIRC of ICAI &Baroda Branch of CPE Study Circle 2 116 232

17.03.15 Place of provisions of services rules 2014, point of taxationrules 2011 and provision of ST in budget 2 55 110

14.04.15 Opinions by expert advisory committee 2 35 70

21.04.15 Lecture Meeting on POEM ( Place of Effective Management),jointly with Baroda Branch of WIRC of ICAI 2 27 54

28.04.15 Critical Issues in Advances and Operations areas of ConcurrentBank Branch Audit 2 31 62

12.05.15 Important Aspects of Project Financing/CMA data fromBank's perspective 2 63 126

09-11.01.15 24th RRC @ Pushkar 12 91 960

20-22.03.15 1st Residential Refresher Course (RRC) for Young Members 12 60 720

07.07.14 Workshop for Accountants - I N.A 77

08.07.14 Workshop for Accountants - II N.A 84

10.07.14 Live Screening of Union Budget 2014 N.A 200

14.07.14 Workshop for Accountants - III N.A 44

15.07.14 Workshop for Accountants - IV N.A 79

27.02.15 Interactive Meet with CIT – TDS, Vadodara 2 146 200

28.02.15 Live Screening of Union Budget 2015-16 N.A 100

09.05.15 Public Program On “Investors’ Awareness” 2 200 132

RESIDENTIAL REFRESHER COURSE (RRC)

PUBLIC PROGRAMS


Sr. Name Designation Date of Visit

1 CA. Manish Baxi Past Vice Chairman, WIRC 07.06.14

2 CA. Sanjay Agarwal CCM, ICAI 07.06.14

3 CA. Nandkishor C Hegde Past RCM, WIRC 14.06.14

4 CA. Tarun Ghia CCM, ICAI 04.07.14

5 CA. Chirag Tambedia Chairman , Bharuch Branch 04.07.14

6 CA. Prathmesh Prajapati Chairman, Anand Branch 04.07.14

8 CA. Nilesh Vikamsey CCM, ICAI 12.07.14

9 CA. Shshrut Chitale RCM, WIRC 18.07.14

10 CA. Abhishek Nagori RCM, WIRC 08.11.14

11 CA. C. S. Nanda CCM, ICAI 30.11.14

12 CA. Atul Gupta CCM, ICAI 12.12.14

13 CA. Dhinal Shah CCM, ICAI 12.12.14

14 CA. Naveen N D Gupta CCM, ICAI 19.12.14

15 CA. Jay Chhaira CCM, ICAI 19.12.14

16 CA. Anil Bhandari Chairman,WIRC 26.12.14

17 CA. Shruti Jayesh Shah Secretary , WIRC 26.12.14

18 CA. Priyam Shah Tresaurer, WIRC 26.12.14

19 CA. Abhishek Nagori RCM, WIRC 26.12.14

20 CA. Manish Baxi Past Vice Chairman, WIRC 26.12.14

21 CA. Tarun Ghia CCM, ICAI 04.02.15

22 CA. Mangesh Kinare Past Chairman , WIRC , Mumbai 06.02.15

23 CA. Jay Chhaira CCM 20.03.15

24 CA. Bhavna Doshi Past Chairman , WIRC , Mumbai 16.05.15

, ICAI

1 Shri. Saurabh Patel Finance Minister - Gujarat State( Cabinet Minister for Finance,Energy and Petrochemicals, Mines Minerals, Cottage Industries,Salt Industries, Printing and Stationery, Planning, Tourism,Civil aviation, Labour and Employment) 19.06.14

2 Shri S S Mundra CMD, Bank of Baroda 24.06.14

3 Ms. Anandiben Patel Chief Minister of Gujarat State 12.07.14

4 Mr. Mitanshu Shah VP, Alembic Pharmaceutical Ltd 07.08.14

5 Shri Sohail Ahmed Senior Divisional Manager – LIC of India , Baroda Division 23.08.14

6 CA. Rajiv Khatlawala MD, Investogyan 23.08.14

7 Shri. Suresh Kaptan BM – LIC of India, Vadodara 23.08.14

8 Shri Dipan Shah CM, SBI Mutual Fund, Vadodara 23.08.14

9 Mr. Abhijit Bhagwat CEO, Sunfin Reality, Vadodara 23.08.14

10 CA. Gaurav Shah Partner, Deleoitte 02.09.14

11 Mr. Pritesh Amin Sr. Manager, Deleoitte 02.09.14

12 Ms. Smita Iyer Sr. Executive HR, Deleoitte 02.09.14

13 Mr. Santosh Shitolle Office Assistant, Deleoitte 02.09.14

14 Shri N V Patel Chairman- VUDA & Director, Gujarat UCB Federation 08.11.14

15 Mr. A. K. Sinha General Manager, UBD, RBI, Ahmedabad 08.11.14

16 Shri Jyotindra Mehta Chairman, Gujarat UCB Federation, Director, NAFCUB,and Chairman , Rajkot Nagrik Sahkari Bank Ltd 08.11.14

17 Mr. Ravikiran Mankikar CGM-IT, ShamraoVithal Co-operative Bank, Mumbai 08.11.14

ICAI DIGNITARIES

NON ICAI DIGNITARIES


Sr. Name Designation Date of Visit

18 Mr. Babu.V Ex DGM (IT), Bank of India 08.11.14

19 CA. Naresh Kella Director, Rajkot Nagarik Sahakari Bank Ltd 08.11.14

20 Shri A K Bera Principal Chief General Manager, Reserve Bank of India (RBI) 08.11.14

21 Shri Prakashchandra Sahu Regional Director, RBI, Ahmedabad 08.11.14

22 Shri S.W. Naqvi Special Director, Enforcement Directorate, Mumbai 08.11.14

23 Shri Dhirendra Sinha Assistant Director, Enforcement Directorate, Mumbai 08.11.14

24 CA. N. S. Venkatesh Executive Director, IDBI, Mumbai 08.11.14

25 Shri Jayant Misra Chief Commissioner , Central Excise,Customs & Service Tax, Vadodara 13.12.14

26 Shri Pravin Jain Commissioner ( Appeal), Central Excise,Customs & Service Tax, Vadodara 13.12.14

27 CA. H.M. Rao Chief Auditor,VMSS 26.12.14

28 Mr. Ajay Pandey IRS 27.12.14

29 Ms. Avi Sabavala Immediate Past President, VCCI 31.12.14

30 Mr. Sagar Mehta Hon. Secretary BMA 31.12.14

31 CA. Maulik Mehta Director, Infinity Consultants 31.12.14

32 Ms. Shabari Bhattasali Chief Commissioner of Income Tax 08.01.15

33 Shri Antar Sing Additional Commissioner, Central Excise, Ajmer Zone 09.01.15

34 Mr. Navendu Shekhar Regional Manager -Training, Reliance Mutual Fund 31.01.15

35 CA. Janki Patel Exe., Lupin Ltd. 04.02.15

36 CA. Bharat Kanani CFO, 20 Microns Ltd. 04.02.15

37 CA. Roopin Patel Past Chairman, Anand Branch 04.02.15

38 CA. Sundarrajan DGM, Financial Reporting & Accounting, Sandoz 04.02.15

39 CA. S.L. Gautam Sr. Finance Mgr., IOCL 04.02.15

40 Shri O P. Sharmaji CIT- TDS , Vadodara 27.02.15

41 Shri Phagu Oram CIT- TDS , Vadodara 27.02.15

42 Shri S. Deogadgar CIT- TDS , Vadodara 27.02.15

43 Mr. KG Chauhan CM Internal Audit -ZIAD, Bank of Baroda Vadodara 28.03.15

44 Shri. M.A. Narmawala Registar of Co-operative societies, Gandhinagar 09.05.15

45 Shri P.K. Pradhan Deputy General Manager, UBD, RBI 09.05.15

46 Mrs. Bhavini Sanghavi Saraswat Co-operative Bank 09.05.15

47 Mr. Nakul Thakkar Saraswat Co-operative Bank 09.05.15

48 CA. S P. Tulsian Stock Market Analyst , Mumbai 09.05.15

49 Mr. Kartik Mehta VP, Institutional Research, Sushil Finance, Mumbai 09.05.15

50 CA. Suresh Prabhu Hon'ble Union Minister , Ministry of Railways 16.05.15

51 Shri Prakashchandra Sahoo Regional Director, RBI, Ahmedabad 30.05.15

52 Shri Ajay Vij GM, Regional Office, RBI 30.05.15

53 Shri R A Kerketta AGM, FED Ahmedabad 30.05.15


Date Particular No. of Participants

29.06.14 66th CA Day Celebration 40

01.07.14 66th CA Day Celebration 125+

14.12.14 2nd Regional Volleyball Tournament 15

03.01.15 Cricket Match of Baroda Branch of WIRC of ICAI with Faculty of Commerce,M.S. University, Vadodara 35

04.01.15 29th Cricket match - Baroda Branch of WIRC of ICAI v/sCA Association of Ahmedabad 35

26.01.15 66th Republic Day Celebration 50

06.03.15 Holi Milan 40

CULTURAL CUM SPORTS EVENTS

Batch No Date Of Commencement Date Of Completion No. Of Students

1 16.06.14 30.06.14 51

2 03.07.14 17.07.14 51

3 21.07.14 04.08.14 50

4 11.08.14 26.08.14 51

5 25.11.14 09.12.14 50

6 15.12.14 30.12.14 49

7 01.01.15 17.01.15 46

8 25.05.15 10.06.15 49

13 16.06.14 30.06.14 5014 03.07.14 17.07.14 5115 21.07.14 04.08.14 4816 19.08.14 02.09.14 2617 25.11.14 09.12.14 5018 15.12.14 30.12.14 3819 19.01.15 03.02.15 3720 02.02.15 16.02.15 5221 12.03.15 26.03.15 2122 25.05.15 10.06.15 49

59 09.06.14 15.06.14 51

60 16.06.14 22.06.14 50

61 23.06.14 29.06.14 48

62 30.06.14 06.07.14 49

63 07.07.14 13.07.14 49

64 14.07.14 20.07.14 26

65 04.08.14 10.08.14 49

66 25.08.14 31.08.14 35

67 06.10.14 12.10.14 18

68 17.11.14 23.11.14 22

69 16.12.14 22.12.14 50

70 19.01.15 25.01.15 48

71 02.02.15 08.02.15 24

72 25.05.15 31.05.15 45

GMCS - II

GMCS - I

ORIENTATION PROGRAMME


Batch No Date Of Commencement Date Of Completion No. Of Students

122 12.05.14 13.06.14 38

123 16.06.14 01.08.14 38

124 16.06.14 01.08.14 38

125 01.07.14 30.07.14 38

126 04.08.14 18.09.14 38

127 04.08.14 18.09.14 38

128 15.09.14 31.10.14 37

129 15.09.14 31.10.14 38

130 01.12.14 17.01.15 33

131 01.12.14 17.01.15 38

132 01.12.14 17.01.15 37

133 25.05.15 Cont… 38

1 19.01.15 19.03.15 38

2 15.12.14 08.03.15 29

3 26.02.15 09.05.15 37

4 23.03.15 28.05.15 36

5 14.04.15 17.05.15 30

CPT- 10 September'14 December'14 12

ITT INFORMATION

ADVANCED ITT INFORMATION

CTC (CPT)

Sr. Date Particular No. of Participants

1 31.08.14 Young Member's Clinic 10

2 14.09.14 Young Member's Clinic -II 12

3 05.10.14 Young Member's Clinic -III 18

4 19.10.14 Young Member's Clinic -IV 7

5 09.11.14 Young Member's Clinic -V 7

6 28.12.14 Young Members Clinic- VI 7

YOUNG MEMBER'S CLINIC


Sr. Date Particular Attandance

Shri Saurabh Patel CA. Nayan R. Kothari

CA. Viral Shah

CA. Abhishek Nagori

CA. Manish Baxi

CA. Anil Bhandari

CA. Shruti Shah

CA. Aniket Talati

CA. Vikashkumar Jain

Ms. Anandiben Patel CA. Nayan R. Kothari

CA. Yash Bhatt

CA. Abhishek Nagori

Chief Commissioner of Income Tax CA. Yash Bhatt

Smt. Ranjanben Bhatt, CA. Yash Bhatt

CA. Viral Shah,

CA. Arpan Dodia

Dr. Parimal Vyas, CA. Yash Bhatt

CA. Viral Shah

CA. Dhiren Parikh

CA. Satyakant Shahstri

1 19.06.14 Meeting with ,Finance Minister - Gujarat State - Chairman,Baroda Branch(Cabinet Minister for Finance, Energy and Petrochemicals,Mines Minerals, Cottage Industries, Salt Industries, - Secretary,Baroda BranchPrinting and Stationery, Planning, Tourism,Civil aviation, Labour and Employment) - RCM, Baroda Branch

- Past Chairman,Baroda Branch

- Chairman WIRC,

- Secretary WIRC,

- Chairman A'bad Branch

- Secretary, A'bad Branch

2 12.07.14 Meeting with ,Chief Minister of Gujarat State - Chairman,Baroda Branch,

- Vice Chairman,Baroda Branch

- RCM, Baroda Branch

3 01.09.14 Campus Orientation Program for Newly Qualified CA 80

4 02.09.14 Campus Placement for Newly Qualified CA 15

5 04.02.15 Campus Orientation program for Newly Qualified CAs 66

6 06.02.15 Meeting with ,- Vice Chairman,

Baroda Branch &Chairman WICASA

7 12.02.15 Campus Placement for Newly Qualified CA's 15

8 21.03.15 Meeting with Member of Parliament- Chairman,

- Vice-Chairman &

- Secretary

9 17.04.15 Meeting with Pro. Vice- Chancellor , MSU- Chairman,

- Vice-Chairman

- Treasurer &

- Senate Member

Other Activities & Meetings



Baroda Branch of WIRC of


FINANCIAL

STATEMENTS

2014-15

To,

We have audited the accompanying financial statements ofBaroda Branch of Western India Regional Council of TheInstitute of Chartered Accountants of India, whichcomprise the Balance Sheet as at March 31, 2015, and theIncome and Expenditure Account and Cash FlowStatement for the year then ended and a summary ofsignificant accounting policies and other explanatoryinformation.

The Management is responsible for the preparation ofthese financial statements that give a true and fair view ofthe financial position, financial performance and cashflows of the Branch in accordance with the AccountingStandards generally accepted in India. This responsibilityincludes the design, implementation and maintenance ofinternal control relevant to the preparation and fairpresentation of the financial statements that give true andfair view and are free from material misstatement, whetherdue to fraud or error.

Our responsibility is to express an opinion on thesefinancial statements based on our audit. We conducted ouraudit in accordance with the Standards on Auditing issuedby the Institute of Chartered Accountants of India. ThoseStandards require that we comply with ethicalrequirements and plan and perform the audit to obtainreasonable assurance about whether the financialstatements are free from material misstatement.

An audit involves performing procedures to obtain auditevidence about the amounts and disclosures in thefinancial statements. The procedures selected depend onthe auditor’s judgement, including the assessment of therisks of material misstatement of the financial statements,whether due to fraud or error. In making those riskassessments, the auditor considers internal controlrelevant to the Branch(ICAI)’s preparation and fairpresentation of the financial statements in order to designaudit procedures that are appropriate in the circumstances.An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness of theaccounting estimates made by management, as well asevaluating the overall presentation of the financialstatements.

We believe that the audit evidence we have obtained issufficient and appropriate to provide a basis for our auditopinion.

The Central Statutory Auditors


Report on the Financial Statements

Management’s Responsibility for the FinancialStatements

Auditor’s Responsibility

INDEPENDENT AUDITOR’S REPORT

Opinion

Emphasis of Matter or an Other Matter(s) paragraph

Report on Other Requirements:

In our opinion and to the best of our information andaccording to the explanations given to us, the financialstatements give a true and fair view in conformity with theaccounting principles generally accepted in India:

a) in the case of the Balance Sheet, of the state ofaffairs of the Branch as at March 31, 2015

b) in the case of the Income and ExpenditureAccount, of the surplus for the year ended on thatdate; and

c) in the case of the Cash Flow Statement, of thecash flows for the year ended on that date.

Without qualifying our opinion, we draw attention to Note10 in Schedule ‘N’ to the financial statements relating toprovision for retirement benefits, income-tax, service-taxand other taxes applicable, if any, being made at the HeadOffice.

We report that:

a) we have obtained all the information andexplanations which to the best of our knowledgeand belief were necessary for the purpose of ouraudit;

b) in our opinion proper books of account asrequired by Chartered Accountants Act, 1949have been kept by the Branch so far as appearsfrom our examination of those books;

c) the Balance Sheet, Income and ExpenditureAccount and Cash Flow Statement dealt with bythis report are in agreement with the books ofaccounts;

d) in our opinion, the Balance Sheet, Income andExpenditure Account and Cash Flow Statementcomply with the relevant Accounting Standards.

For,

Chartered AccountantsFirm’s Registration Number: 129738W

PartnerMembership Number: 47328

Place: VadodaraDate: 21st April, 2015

Mahesh Udhwani and Associates

CA. Mahesh A. Udhwani


1. All the collections made by Branch during the periodhave been recorded correctly in the books ofaccount.

2. All the Bank accounts are reconciled and follow upaction is taken to recover outstanding amounts.

3. Branch does not keep petty cash book.

4. There are no dishonored cheques.

5. Branch has purchased capital assets of Rs.2,97,699/-(excluding library books of Rs. 39,806/-)during the period. Capital Grant of Rs. 303000/- issanctioned by ICAI-HO for the year 2014-2015 andout of that amount Rs. 93117/- has been received bythe Branch.

6. All assets purchased during the period are properlyrecorded in the fixed asset register and their entrieshave been physically verified at the year end.

7. Inter Unit Balance with Regional Council is dulyreconciled.

8. Publications Stock are properly maintained andphysically verified by the office bearer of theBranch. Stock Register of stationery is notmaintained. Stationery is written off whenpurchased.

9. Systems and Procedures followed for purchases aresound. As per practice followed generally, allpurchases are made from the parties whosequotations are the lowest.

10. The details of the Expenditure and Income of eachseminar are enclosed. These are properly accountedfor and expenditure is met out of participation feesand there is no shortfall on aggregate basis.

11. Branch has adopted the Budgetary Control systemfor Capital and Revenue Grant, Income andExpenditure.

12. Salary of Branch Staff is paid from Branch Revenueand HO Revenue Grant. Decision regarding salaryof new employee recruited and revision of salary incase of existing staff is being taken by executivecommittee.

13. Proper record of Inventory of Publication withregard to inward, outward and stock is kept andaccount of the same is being sent to the CentralOffice quarterly. Stocks of Publication are valued asper AS-2.

14. Proper records have been kept for SuggestedAnswers, Revisionary Test Papers, Study Material,etc. and account of the same has been sent to theCentral Office Quarterly.

15. Expenditure on Postage, Telegram, Telephone,Freight, Rate and Taxes has been properlyaccounted.

16. Proper accounting has been done for ascertainingcost of the Newsletter published by the Branch andthe Newsletter is self-supporting.

17. No assets of Branch are unusable or discarded.

18. Proper controls are in place in major areas.

19. Depreciation has been provided at the ratesprescribed by the Institute.

20. Branch has accounted properly all the Grant.

21. Branch has not paid any amount directly orindirectly to the member of Executive Committeeexcept reimbursement of expenses incurred bythem for the Branch activities.

DETAILED AUDIT REPORT FOR THE YEAR ENDED ON 31st MARCH, 2015

For,Chartered AccountantsFirm’s Registration Number: 129738W

PartnerMembership Number: 47328

Place: VadodaraDate: 21st April, 2015

Mahesh Udhwani and Associates

CA. Mahesh A. Udhwani


BALANCE SHEET AS AT 31ST MARCH, 2015

Particulars Sch. As at As at31/03/2015 31/03/2014Amt. in Rs. Amt. in Rs.

LIABILITIES/SOURCES OF FUNDSCapital Reserve: A

Opening Balance 3,418,407 3,027,226

Add: Received During The Year 133,055 391,181

Adjustment

Trfr From /To Other Reserve 0 0

Trfr From/To General Reserve 0 0

Trfr From/To Earmarked Funds 0 0

Opening Balance 4,200,870 2,875,656

Add: Surplus 3,632,149 2,821,014

Adjustment


Add: Transfer From Study Circle 0 0

Less: Transfer During The Year

(Towards ICAI Bhawan Phase II) 0 0

Less: Trfr From General Reserve (Remittence Against 0 1,011,800

Claim By ICAI On ITT Income Relating To Earlier Years)

Trfr From/To Capital Reserve 0 0

Less: Trfr/To Earmarked Funds 478,000 484,000

Other Reserves Opening Balance

Trfr From /To General Reserve 0 0

Trfr From/To Capital Reserve 0 0

Trfr From/To Earmarked Funds 0 0

Net (Depletion) / Accreation 0 0

BOpening Balance 3,924,570 4,132,580

Additions 564,110 552,200

Interest Income 20,121 116,344

Less:Expenses/Adjustment 20,121 876,554


Trfr From/To Capital Reserve (Gen) 0 0

Trfr From/To General Reserve 0 0

Fees Received in Advance C 582,700 1,563,785

Fees Received in Advance 0 0

For Capital Items 0 0

For Non-Capital Items D 316,997 330,408

TOTAL CAPITAL RESERVE 3,551,462 3,418,407

General Reserve

TOTAL GENERAL RESERVE 7,355,019 4,200,870

Other Reserves :

TOTAL OTHER RESERVE 0 0Earmarked Funds :

TOTAL EARMARKED FUNDS 4,488,680 3,924,570

LIABILITIESCurrent

Non - Current

Creditors for ExpensesCurrent



Non - Current

Other LiabilitiesCurrent

Non - Current

SUB TOTAL OF LIABILITIES/SOURCES OF FUND 16,503,657 13,673,335

Inter Unit Balances:

SUB-TOTAL OF INTER UNIT BALANCES 2,314,665 1,693,757

TOTAL 18,818,322 15,367,092

Assets/Application Of Funds

FIXED ASSETS

Fixed Assets-Net Block 2,445,792 2,676,758EARMARKED INVESTMENTS

Earmarked Investments Total 4,488,680 3,924,570OTHER INVESTMENTSCURRENT

NON-CURRENT

Other Investments Total 5,152,049 4,810,307Assets:

CURRENT

NON-CURRENT

CURRENT

NON-CURRENT

For Capital Items 0 0

For Non-Capital Items 0 0

E

Employees Recoveries And Employer's Contribution 0 0

Statutory Dues E-I 22,207 5,942

Deposits E-II 25,000 25,000

Others E-III 161,591 204,353

Employees Recoveries And Employers Contribution 0 0

Statutory Dues 0 0

Deposits 0 0

Others 0 0

F

Capital Grant Received

ICAI Current Account F-I 1,269,054 835,262

Regional Council Current A/C 63,500 291,059

Publication Stock Transfer A/C F-II 982,111 567,436

Land 0 0

Building 0 0

G

Gross Block 6,236,803 5,899,298

Less Depreciation Block 3,791,011 3,222,540

FDRs With Banks H 4,488,680 3,924,570

FDRs With Banks I 5,093,725 4,760,838

FDRs With Banks I 58,324 49,469

Stationery Stock / Publication Stock ,Etc 54,516 42,556

Interest Receivables 125,804 194,569

Interest Receivables 0 0

Security Deposits 0 0

Security Deposits 5,000 5,000


As per our report of even dateFOR BARODA BRANCH OF WIRC OF

Chartered Accountants THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIAFirm Reg. No. 129738W

Partner (Chairman) (Secretary) (Treasurer)M. NO. 47328Place: Vadodara Place: VadodaraDate: 21st April, 2015 Date: 21st April, 2015

For, M/s. Mahesh Udhwani & Associates

CA. Mahesh A. Udhwani CA. Yash N. Bhatt CA. Arpan H. Dodia CA. Dhiren Y. Parikh


CURRENT

NON-CURRENT

CURRENT

NON-CURRENT

CURRENT

NON-CURRENT

CURRENT3,976,269 1,901,486

Inter Unit Balances:

SUB TOTAL OF INTER UNIT BALANCES 2,438,942 1,649,688

TOTAL 18,818,322 15,367,092

Notes on Accounts

TDS Recoverable 0 0

TDS Recoverable 0 0

Other Receivables J 23,527 103,180

Other Receivables 0 0

Advances & Prepayments K 107,743 58,979

Advances & Prepayments 0 0

Bank Balances L

a) Current Account balance 561,269 691,761

b) Auto FD balance 3,415,000 1,209,725

Cash Balances 0 0

M

ICAI Current Account 929,077 1,076,553

WICASA & ICAI Bhawan Current A/C 527,754 5,699

Publication Stock Transfer A/C F-II 982,111 567,436

N


INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD FROM 1ST APRIL, 2014 TO 31ST MARCH, 2015







Particulars For the Period ended onSch. 31/03/2015 31/03/2014

Amt. in Rs. Amt. in Rs.

INCOME

SUB TOTAL 1,542,018 1,413,854

TOTAL 16,826,340 18,939,249

EXPENDITURE

SUB TOTAL 12,625,720 15,523,965

TOTAL 13,194,191 16,118,235

SURPLUS/(DEFICIT) 3,632,149 2,821,014

Grant received from H.O.

Revenue Grant 426,700 351,000

Branch Administration Grant 1,115,318 1,062,854

News Letter Income 214,000 283,759

Seminar Income 4,240,995 5,352,729

Orientation Programme Income 1,563,000 2,160,000

GMCS Course Income 3,965,500 4,170,000

Interest on Investments 10,21,282 579,583

Income From ITT Course Fee O 1,785,255 2,129,600

Other Income P 830,417 983,121

Income From Coaching Classes 1,307,785 1,625,643

Commission on Sale of Publications 356,088 213,510

Prior Period Adjustments Q 0 27,450

Employee Benefit Expenses-

Printing & Stationery & Phtocopying 8,434 42,915

Newsletter (RCS & BRS) 212,108 287,828

Postage, Telephone & Telegrams 134,005 161,209

Rent Rates & Taxes R 913,403 757,399

Repairs & Maintenance 1,087,370 1,091,143

Magazine & Periodicals 9,244 8,373

Seminar Expenses 3,314,128 4,912,100

Orientation Programme Expenses 664,520 878,601

GMCS Course Expenses 2,448,160 2,484,710

Expenditure on ITT Course Fee S 1,269,722 1,249,403

Other Expenses T 604,928 876,028

Expenses Towards Coaching Classes 976,403 1,834,355

Prior Period Adjustments Q 0 146,703

Depreciation G 568,471 594,270

Salary, Pension & Other Allowances 917,001 679,243

Contribution To Provident & Other Funds 0 0

Staff Welfare Expenses 66,294 113,955

CASHFLOW STATEMENT FOR THE PERIOD FROM 1ST APRIL, 2014 TO 31ST MARCH, 2015





CA. Mahesh A. Udhwani CA. Yash Bhatt CA. Arpan H. Dodia CA. Dhiren Y. Parikh


Particulars As at As at31/03/2015 31/03/2015Amt. in Rs. Amt. in Rs.

A. Cash Flows from Operating Activities

Operating Surplus before Working Capital Changes 3,196,838

Net Cash from Operating Activities 2,095,193

B. Cash flows from Investing Activities

Net Cash from Investing Activities

C. Cash Flows from Financing Activities

Net Increse / Decrease in cash and cash equivalents 2,074,783Cash and Cash equivalents at the beginning of the year 1,901,486

Cash and Cash equivalents at the end of the year 3,976,268

Net Surplus 3,632,149

Adjustments for:

Depreciation and Amortisation 568,471

Balances Written Off 17,500

Interest on Investment (1,021,282) (435,311)

(Increase)/Decrease in Inventories (11,960)

(Increase)/Decrease in Loans Advances & Other Current Assets (58,612)

Increase/(Decrease) in Current Liabilities (1,020,993)

Increase/(Decrease) in Provision of Employee Benefits (10,080) (1,101,645)

Acquisition of Fixed Assets including Capital Work in Progress (Net) (337,505)

Acquisition of Investments (Net) (837,242)

Interest on Investments 1,021,282

Capital Receipts 93,117

Library Grant 39,938

(20,410)

0

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2015


As at As at31/03/2015 31/03/2014Amt. in Rs. Amt. in Rs.

SCHEDULE : ACAPITAL RESERVE

TOTAL 3,551,462 3,418,407

Op. Balance Interest Addition Utilization As at As at01/04/2014 earned 31/03/2015 31/03/2014


SCHEDULE : BEARMARKED FUNDS

TOTAL 3,924,570 20,121 564,110 20,121 4,488,680 3,924,570


SCHEDULE : CFEES RECEIVED IN ADVANCE

TOTAL 582,700 1,563,785


SCHEDULE : DCREDITORS FOR EXPENSES

Balance as per last year 3,418,407 3,027,226Add: Grants received during the year

Captial Grant 93,117 391,181Library Grant 39,938 0

Gordhandas Dhurabhai PatelMemorial Prize Fund 71,540 6,411 0 6,411 71,540 71,540Building Fund Maintenance Account(ITT and Branch) 1,453,009 0 31,110 0 1,484,119 1,453,009C. D. Amin & R. J. Parikh Fund 58,151 8,936 0 8,936 58,151 58,151Shantaben R. Parikh Fund 53,391 4,774 0 4,774 53,391 53,391Earmarked Sponsorship Fund 67,200 0 55,000 0 122,200 67,200ITT Center Reserve 2,221,279 0 478,000 0 2,699,279 2,221,279

9th CPT Class Advance Fees 0 407,0008th IPCC Class Advance Fees 0 591,785GMCS - II (5th Batch) 121,000 0GMCS - I (13th Batch) 0 5,500GMCS -II (46th & 47th Batch) 0 484,000Orientation 59th Batch Advance Fees 0 15,000Orientation 67th Batch Advance Fees 12,000 0Fees Received in Advance - ITT 36,000 32,000Fees Received in Advance - Advance ITT 383,700 0Advance Membership Fees of Study Circle 30,000 28,500

Acqua Care Inc. 0 1,940Aditya Art 1,937 745Arrow Power Tech Pvt. Ltd. 0 154,350B & B Systems 0 32,000Chamunda Stationery Mart 3,530 2,100Dream Enterprise 0 2,909Himanshu Sales Corporation 0 23,990Jagdishbhai Prajapati 0 2,700Kamal V L 4,181 742

Amt. in Rs. Amt. in Rs. Amt. in Rs. Amt. in Rs.


TOTAL 316,997 330,408


SCHEDULE : E-IOTHER LIABILITIES - Statutory Dues

TOTAL 22,207 5,942


SCHEDULE : E-IIOTHER LIABILITIES - Deposits

TOTAL 25,000 25,000


SCHEDULE : E-IIIOTHER LIABILITIES-Others

Jigita Shah 3,600 0Laxmi House Keeping Services 37,625 0Nitin Travels 11,688 0Prachar Advertising 37,470 0Prompt Courier Services 2,204 0

Multiprints 551 28,375Parmar Vijay 839 750Madhu Prints 676 0Print Vision 0 950Vedant Infotech 5,272 0Riddhis Construction 0 19,600Jain Tours & Travels 9,973 0Design Excellency 2,817 0Refresh Air Conditiong 8,300 0Shree Ganesh Enterprise 5,497 0Sohil Keshwani 700 0Speed Man Express 0 2,224Cann Digital 4,435 0Swasthya Hospitality & Health Foods Pvt Ltd 86,815 53,358Telemark 5,000 3,675The Book Corporation 39,806 0The Shoppee 2,200 0Unique Techno Services P. Ltd. 742 0Baroda Flash Courier 7,476 0Kartaya Security 33,663 0

TDS 22,207 5,942

Security Deposit 25,000 25,000

Postage & Telephone 7,593 10,831Newsletter Expenses 0 14,870Electricity Expenses 64,954 0Memento Expenses 0 329Branch Expenses 4,584 9,634House Keeping & Maintenance 0 104,589Faculty Remuneration - ITT 73,260 0GMCS 12th Batch Expenses 0 53,900



TOTAL 161,591 204,353


SCHEDULE : F-IICAI CURRENT ACCOUNT

TOTAL 1,269,054 835,262

Scholership Fund 4,000 3,000Refund of ITT Fees 7,200 7,200

Payable to ICAI for PF of Staff 58,324 48,244Payable to BOS-Sale of Books, Publication, Prospectus Etc. 812,380 505,500The Secretary ICAI - Delhi, (ITT Remittance) 68,445 0Payable to ICAI for Obselete Material 7,202 0Payable to ICAI for Exam Form (Schedule F-I Cont…) 7,735 19,550Payable to ICAI for GMCS Remittance 171,500 118,500Payable to ICAI - DCO (Excess Payment) 143,468 143,468


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ICAI PUBLICATION ACCOUNT Rate Nos. Public- Totalations

SCHEDULE : F-II (Continue)ICAI PUBLICATION ACCOUNTA. OPENING STOCK 0 0 117,430 117,430

ADD: RECEIVED(i) ARTICLE SHIP FORM NEW 0 0 0 0(ii) PUBLICATIONS

Total (i)+(ii) 78,170 78,170

1 TG on Expatriates Taxation Feb. 2014 75 10 750 750

2 TG on Royalty & Fees for Technical Services 100 10 1,000 1,000

3 FQS For NPOs on Fcra Laws 100 6 600 600

4 Peer Review Manual 250 6 1,500 1,500

5 TG on Internal Audit of Petrochemical Industry 135 5 675 675

6 Study on Compliance of Financial Reporting Requirement Vol. 2 325 10 3,250 3,250

7 Compliances of Services Tax in Banking Sector 125 5 625 625

8 A Study on Succession, Wills, Family Arrangements/settlements & Huf Partitions 175 5 875 875

9 Taxation on Non-residents 200 8 1,600 1,600

10 Aspects of International Taxation - A Study 500 3 1,500 1,500

11 Guidance Note on Report Under Section 115JC of The Income-tax Act, 1961 50 5 250 250

12 Trends And Patterns In Public Finance: Theoretical And Empircal Aspect 150 3 450 450

13 TG On Internal Audit of Beverages Industry (with CD) 250 5 1,250 1,250

14 Technical Guide on Internal / Concurrent Audit of Investment Function ofInsurance Companies 350 5 1,750 1,750

15 Standard on Auditing (SA) 501 (Revised) - Audit Evidence -Special Consideration For Selected Items. 50 3 150 150

16 Compendium of Opinions- Volume XXXI 250 5 1,250 1,250

17 Compendium of Opinions- Volume XXXII 325 5 1,625 1,625

18 Technical Guide on Review And Certification of Investment Risk ManagementSystem And Processes of Insurance Companies 400 3 1,200 1,200

19 Guidance Note on Report Under Section 115JB of The Income-tax Act, 1961(Edn. October - 2003) 50 3 150 150

20 Guidance Note On Tax Audit Under Section 44AB of The Income-tax Act, 1961(Edn. 2014) 300 50 15,000 15,000

21 TG on Gujarat Vat 150 5 750 750

22 TG on Audit of IT Software Industry 165 3 495 495

23 Compendium of Accounting Standards 800 5 4,000 4,000

24 Handbook of Auditing Pronouncement 2014 900 3 2,700 2,700

25 Compliance of Service Tax in Banking Sector 125 5 625 625

26 Background Material on GST 230 10 2,300 2,300

27 Background Material on ISA 1000 5 5,000 5,000

28 Manual on Internal Audit 400 5 2,000 2,000

29 Compendium Of SIA AS 300 2 600 600

30 TG on Royalty & Fees for Technical Services 100 5 500 500

31 TG on Expatriates Taxation 75 5 375 375

32 Guidance Note on Internal Control Over Financial Reporting 350 5 1,750 1,750

33 DIRM Module 1 250 1 250 250

34 DIRM Module 2 300 1 300 300

35 DIRM Module 3 250 1 250 250

36 DIRM Module 4 325 1 325 325

37 Guidance Note on Audit of Bank 2015 750 20 15,000 15,000

38 Background Material on GST (Updated Jan. 2015) 275 20 5,500 5,500



B. SALESARTICLE SHIP FORM OLD 0 0 0 0PUBLICATIONS

1 Compendium of Opinions- Volume XXXI 250 2 500 500

2 Compendium of Opinions- Volume XXXII 325 4 1300 1,300

3 Standard on Audition (SA) 705 (Revised) - Modifications to The Opinion in

The Independent Auditor's Report 50 1 50 50

4 Handbook of Auditing Pronouncements (Revised) 2013 900 1 900 900

5 Peer Review Manual 250 3 750 750

6 Aspects of International Taxation - A Study 500 5 2500 2,500

7 Guidance Note on Reports Under Section 92E of The Income Tax Sct, 1961

(Transfer Pricing) (Revi. Edi. 2013) 250 4 1000 1,000

8 Taxation on Non-Residents 200 8 1600 1,600

9 A Study on Succession, Wills, Family Arrangements/Settlements &

HUF Partitions 175 9 1575 1,575

10 Guidance Note on Tax Audit Under Section 44AB of The Income-tax Act, 1961

(Edn. 2013) 250 3 750 750

11 Guidance Note on Report Under Section 115JC of The Income-tax Act, 1961 50 5 250 250

12 Complinaces of Services Tax In Banking Sector 125 2 250 250

13 Guidance Note on Revised Schedule VI to The Companies Act, 1961 200 3 600 600

14 Manual on Concurrent Audit of Banks (Revised Edi. 2012) 450 2 900 900

15 TG on Internal Audit of Petrochemical Industry 135 1 135 135

16 Study on Compliance of Financial Reporting Requirement Vol. 2 325 5 1625 1,625

17 The Chartered Accountants Act, 1949 (Updated as on July 1, 2013) 80 3 240 240

18 The Chartered Accountants Regulation, 1988 (Updated as on July 1, 2013) 150 2 300 300

19 TG on Royalty & Fees for Technical Services 100 6 600 600

20 TG on Expatriates Taxation Feb. 2014 75 7 525 525

21 Guidance Note on Accounting for Real Estate Transactions (Revi. 2012) 40 8 320 320

22 Compendium of Guidance Notes Accounting 350 1 350 350

23 Data Analytics & Continuous Controls Monitoring 200 3 600 600

24 Full Fledged Money Changer (FFMC) A Practitioners' Perspective 70 2 140 140

25 Partnership & HUF : A Practitioner’s Perspective 170 2 340 340

26 Guidance Note on Accounting and Auditing of Political Parties 45 1 45 45

27 Taxation of Co-operatives And NPO Sectors 100 1 100 100

28 Harmonization of Accounting Practices for Co-operative & NPO Sectors 100 1 100 100

29 Frequently Asked Questions (FAQS) for NPOs on FCRA Laws 100 3 300 300

30 Guidance Note on Tax Audit Under Section 44AB of The Income-tax Act, 1961

(Edn. 2014) 300 16 4800 4,800

31 Compendium of Accounting Standards 600 1 600 600

32 Implementation Guide To SQC 1 300 3 900 900

33 Implementation Guide to Risk Based Audit of Financial Statements 300 1 300 300

34 Implementation Guide to Standards on Auditing (SA) 570, Going Concern 150 1 150 150

35 TG to Audit in A Shares Services Centre Structure 150 1 150 150

36 TG on Gujarat VAT 150 4 600 600

37 Background Material on GST 230 6 1380 1,380

38 TG on Internal Audit of Pharmaceutical Industry 100 1 100 100

39 TG on Internal Audit of IT Software Industry 165 2 330 330

40 Code of Governance for NGOs 250 2 500 500



36,820 36,820

C. Material return to ICAI 0 0

D. Pulping of Obsolete Material 41,420 41,420

E CLOSING STOCK 117,360 117,360

SCHEDULE: F-I (Continue)STOCK OF EXAMINATION FORMS Nos. Rate Amt. in Rs. Total

A. OPENING STOCK AS AT 1-4-2014 0 0 0ADD: RECEIVED

648,700

B. LESS: SALES

215,700

LESS: DESTROYED

41 A Bird's Eye View of Micro, Small & Medium Enterprises (MSMEs) and

Small & Medium Practitioners in Indian Economy 100 1 100 100

42 Various Types of Finance for Co-operatives and Non Profit Organizations 50 4 200 200

43 An Information Booklet on Urban Co-operatives Banks, Their Problems,

Expectations And Remedies 50 5 250 250

44 Guidance Note on Internal Control Over Financial Reporting 350 1 350 350

45 Background Material on GST (Updated Jan. 2015) 275 2 550 550

46 E - Learning Module on Windows, Network & Wi-fi Security - An Intro 100 1 100 100

47 DIRM Module 1 250 1 250 250

48 DIRM Module 2 300 1 300 300

49 DIRM Module 3 250 1 250 250

50 DIRM Module 4 325 1 325 325

51 DVD CA Journals July 2002 to 2012 25 1 25 25

52 Guidance Note on Audit of Bank 2015 750 2 1500 1,500

53 Compendium of Technical Guide on Internal Audit (Vol. 1, 2, 3, 4, 5) (Edn. 2013) 1500 2 3000 3,000

54 Technical Guide on Royalty & Fees for Technical Services 100 1 100 100

55 Technical Guide on Expatriates Taxation 75 1 75 75

56 Compendium of Accounting Standards 800 1 800 800

57 Guide on Corporate Social Responsibility 150 1 150 150

58 Fund Raising by NPOs: Process & Prospectus 40 1 40 40

June 2014 Exam Forms - CPT 297 1,000 297,000

November 2014 Exam Forms 100 500 50,000

IRM, ITL & WTO, MAC, CMC 12 100 1,200

December 2014 Exam Forms- CPT 200 1,000 200,000

May 2015 Exam Forms 100 1,000 100,000

May 2015 Exam Forms IRM 5 100 500

June 2014 Exam Forms - CPT 147 1,000 147,000

November 2014 Exam Forms 29 500 14,500

IRM, ITL & WTO, MAC, CMC 1 100 100

December 2014 Exam Forms- CPT 45 1,000 45,000

May 2015 Exam Forms 9 1,000 9,000

May 2015 Exam Forms IRM 1 100 100

June 2014 Exam Forms - CPT 150 1,000 150,000November 2014 Exam Forms 71 500 35,500IRM, ITL & WTO, MAC, CMC 11 100 1,100December 2014 Exam Forms- CPT 155 1,000 155,000


STOCK OF EXAMINATION FORMS Nos. Rate Amt. in Rs. Total

433,000

C. CLOSING STOCK AS AT 31.03.2015 0 0 0

D. EXAM FORM HANDLING INCOME

17,955

E. SALE PROCEEDS REMITTED TO ICAI

190,010

F. PAYABLE TO ICAI AS ON 31.03.2015 7,735

May 2015 Exam Forms 91 1,000 91,000May 2015 Exam Forms IRM 4 100 400

June 2014 Exam Forms - CPT 11,025

November 2014 Exam Forms 2,175

IRM, ITL & WTO, MAC, CMC 15

December 2014 Exam Forms- CPT 3,375

May 2015 Exam Forms 1,365

June 2014 Exam Forms - CPT 135,975

November 2014 Exam Forms 12,410

IRM, ITL & WTO, MAC, CMC 0

December 2014 Exam Forms- CPT 41,625

May 2015 Exam Forms 0


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SCHEDULE : HEARMARKED INVESTMENTS

TOTAL 4,488,680 3,924,570


SCHEDULE : IOTHER INVESTMENTS

TOTAL 5,152,049 4,810,307


SCHEDULE : JOTHER RECEIVABLES

TOTAL 23,527 103,180


SCHEDULE : KADVANCES AND PREPAYMENTS

TOTAL 107,743 58,979


SCHEDULE : LBANK BALANCE

Long Term 337,343 184,216Short Term 4,151,337 3,740,354

Long Term 58,324 49,469Short Term 5,093,725 4,760,838

Receivable from IPCC 6th Batch 0 6,000Anil C Thakkar 0 9,600WIRC SRC Sponsership - ONGC 0 50,000Bhatt & Co 0 3,146Addon Wheels 0 754Recivable form Life Line Foundation 5,000 0CC Avenue India P. Ltd. (E-payment) 9,000 0Receivable from WIRC for Travelling Expenses 5,520 0Other Receivables - ITT 3,699 0Other Receivable - Branch 308 0Receivable for Seminar & Conference 0 33,680

CC Avenue Deposit 1,000 1,000Prepaid Expenses 72,564 57,479Staff Loan 34,179 0Deposit for Water Jug 0 500

Axis Bank- Alkapuri A/c No.01310101152957 - Branch 53,360 14,273Axis Bank- Alkapuri A/c No.01310101152957 - Branch - Auto FD 1,760,000 430,000Axis Bank- Alkapuri A/c No.910010009005412 - CTC 103,003 277,140Axis Bank- Alkapuri A/c No.910010009005412 - CTC - Auto FD 55,000 435,000Axis Bank- Alkapuri A/c No.013010101187281 - ITT (9,462) 46,345Axis Bank- Alkapuri A/c No.013010101187281 - ITT - Auto FD 1,600,000 344,725Yes Bank-Race Course A/c No. 000994600001321 0 0



SCHEDULES FORMING PART OF THE INCOME & EXPENDITURE ACCOUNT

FOR THE PERIOD FROM 01ST APRIL, 2014 TO 31ST MARCH, 2015


TOTAL 3,976,269 1,901,486


SCHEDULE : MINTER UNIT BALANCE(A) ICAI HO A/c

TOTAL (A) 929,077 1,076,553

(B) BARODA Branch Inter Units

TOTAL (B) 527,754 5,699

For the period ended on31/03/2015 31/03/2014Amt. in Rs. Amt. in Rs.

SCHEDULE : OITT INCOME

TOTAL 1,785,255 2,129,600

SCHEDULE : P

OTHER INCOME

TOTAL 830,417 983,121

Study Circle BOB Bank A/c 17730100001143 414,368 275,003Cheques on hand 0 79,000

ICAI Receivable- TDS 346,458 222,269ICAI Receivable- Staff Salary 63,825 67,605Receivable from ICAI Annual Function 0 7,765Receivable from ICAI Campus Orientation 4,485 0Receivable from ICAI Public Programme on Investment Awareness 0 80,606Receivable from ICAI -Peer Review Programme 22,023 0Receivable from ICAI-Public Program on Investment-23-08-14 244,203 0Receivable from ICAI - FXTM 1,400 20,417Receivable from ICAI - 1st Young Members RRC 11,688 0Receivable from ICAI - 28th March BOS Program 4,677 0Receivable from ICAI for Travelling Expenses of CCM 3,735 4,350Receivable from ICAI for ISA ET Exam 0 360Receivable from ICAI for Reading Room Expenses 0 400,000Receivable from ICAI for DCO Baroda -Expenses 226,583 273,181

Baroda Branch Of WICASA 648,064 355,169Baroda Branch Bhawan - Loan (120,310) (349,470)

Fees Received from Students 2,100,300 2,420,000Less: Remitance to ICAI 315,045 290,400

Hall Hire Charges 244,030 364,650Sale of Member's Directory 13,500 8,000Sale of WIRC Publication & Exam Forms 15,980 39,365Other Income 25,240 42,769Advertisement on Notice Board 28,500 21,000Rental Income - Cafeteria 72,000 48,000Library Card Fees 120,100 81,400Saving bank Interest 9,267 7,937Study Circle Income 301,800 370,000



SCHEDULE : QPRIOR PERIOD ADJUSTMENT(A)

TOTAL (A) 0 0

(B) PRIOR PERIOD EXPENSES

TOTAL (B) 0 146,703

(C) PRIOR PERIOD INCOME

TOTAL (C) 0 27,450


SCHEDULE : RRENT, RATES & TAXES

TOTAL 913,403 757,399


SCHEDULE : SITT EXPENSES

TOTAL 1,269,722 1,249,403


SCHDULE : TOTHER EXPENSES

On account of Reconciliation of accounts with ICAI Bhavan 0 0

Co-ordination Charges 0 47,650Books & Periodicals 0 24,115On account of Reconciliation of Publication account with ICAI Bhavan 0 70,868Web Site Expense 0 2,000Obsolete Material 0 2,070

Seminar Income 0 27,450

Electricity Expenses (Net) 760,044 599,984Rates & Taxes 153,359 157,415

Salary /Bonus to Staff/ Leave Encashment Expenses 149,963 180,504Bank Charges 1 3Computer Spares & Repairs 67,840 63,725Electricity charges 169,867 156,479Faculty Honorarium 578,380 566,720House Keeping Expense 105,164 93,319Other Expenses 2,869 5,820Printing & Stationery and Photocopying Expenses 83,164 78,662Website Expense 12,000 9,101Security Expense 100,474 95,070

Activity Report Expense 30,349 52,452Bank Charges 4,109 8,418AGM Expense 2,190 16,164Conveyance Expenses 17,537 54,390Interest on TDS 0 8,155E-Payment Gateway, Email, SMS & Software Charges 22,759 39,563Library Card Expense 31,689 31,689Office Expenses 295,456 440,272







SCHEDULES ATTACHED TO & FORMING PART OF THE BALANCE SHEET AND INCOME ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2015

SCHEDULE : N

A) SIGNIFICANT ACCOUNTING POLICIES

B) NOTES TO ACCOUNTS

1. Accounting ConventionAccounts are drawn on Accrual Basis (except as otherwise specified) using Historical Cost Convention Basis and areprepared in accordance with ICAI Accounting Manual.

2. Fixed Assets and DepreciationDepreciation on Library Books is provided at 100% and on other assets on W.D.V. Method as per Accounting Manual ofICAI. Depreciation is provided on pro rata basis on the addition of the assets during the year.

3. GrantsCapital Grants including Library grants are accounted on Receipt Basis & Grant for Public Program & Revenue Grants areaccounted on accrual basis.

4. Current AssetsPublication stocks of ICAI are accounted at transfer price with corresponding obligation shown as liability as a Inter UnitBalance. Publication transferred by WIRC is shown at Cost.

5. Income from InterestThe Interest on Fixed Deposits with banks is accounted for on accrual basis. The income from investments is credited tothe Income & Expenditure Account.

1. Earmarked InvestmentsEarmarked Investments have been invested in Fixed Deposits with Axis Bank, Alkapuri Branch, Vadodara.

2. Accounting of Branch PremisesParticulars of receipts, payments, assets and liabilities with respect to assets located at ICAI Bhawan have not beenincorporated in these accounts, as per ICAI Accounting Manual. A separate Receipts & Payments Account of ICAIBhawan is enclosed as to Notes to Account.

3. Allocation of ExpensesNewsletter Income Includes Rs. 9,000/- charged to conference, seminars, lecture meetings, workshops of WICASABaroda on the basis of actual space utilized relating thereto for the display in the Newsletter.Hall Hiring charges includes Rs. 2,03,040/- charged from WICASA Baroda, reimbursement for utilizing amenities.

4. Tax deducted at source from Bank Interest and Other Income is shown as Receivable from ICAI.5. All Inter-units receivables have been separately shown in schedule “M” that itself explanatory in nature.6. Financial Statement of Baroda Branch includes Income and Expenditure, Assets and Liability of ITT Centre& Baroda

CPE Study Circle. However as per the Policy of the Institute, ITT Centre’s financial statement is also prepared andpresented separately as a part of disclosure requirement.

7. Figures of the previous period have been regrouped, rearranged wherever necessary to make them comparable.8. All the advances and receivables are subject to confirmations.9. Figures are rounded off to the nearest rupee.10. Provision for retirement benefits, tax liabilities and other direct taxes applicable, if any, will be made by Head Office.11. ICAI HO deducts PF from one employee but the same is not deposited to govt. treasury. Further, Branch does not deduct

PF on employees other than on payroll of ICAI HO.


TOTAL 604,928 876,028

Misc Exp 8,022 14,329Website Expense 36,030 28,609Study Circle Exp 115,747 176,817Balance Written Off 17,500 0WIRC Publication 23,540 5,170

RECEIPT & PAYMENT FOR THE PERIODBUILDING ACCOUNT (ICAI BHAVAN)

FROM 1ST APRIL, 2014 TO 31ST MARCH, 2015

As at As atPARTICULARS 31/03/2015 31/03/2014


A. RECEIPTS

T O T A L R E C E I P T S …… 2,826,589 3,137,338

B. PAYMENTSI Loan Payment And Transfers 2,577,848 837,200

II Cost Of Building : 244,409 1,621,541

Other Expenses

1A Cash Balance 0 0B Bank Balance 19,427 535,867

2 Contribution From ICAI 2,527,849 03 Contribution From Members 0 04 Contribution From Khedkar Fund 0 05 Contribution From Baroda Branch Loan 49,999 06 Advance recovered 0 1,413,0007 Contribution From Members 0 08 Baroda Branch Of WIRC Of ICAI 229,160 222,1489 Retention Money of World Con & Ashish Electrical 0 870,66410 EMD of World Con 0 011 Interest On Fd & S.B. Bank (Net of Accruel & TDS) 154 95,65912 Tender Fess 0 013 Amount Tr. From Matured F.D. 0 0

1 Bridge Loan Payment 2,577,848 02 Baroda Branch Of WIRC 0 837,2003 Transfer To Baroda Branch Loan 0 0

1 Construction Work 0 33,3602 Post Tension Work 0 03 Air Conditions 0 04 Architect Fees 0 84,4855 Cement 0 2,5556 Design Charges 0 07 Steel Purchase 0 60,1028 Audio Visual System 0 09 Corporation Approval Fees 0 010 Chemical Treatment 0 011 Electricity Bills 0 012 Water Drainage Connection Exp 0 013 Electrical Installation 0 014 Lift Execution 228,036 1,205,28015 Furniture's 0 71,73716 Air Conditioner 0 017 C C TV 0 37,20018 Curtains 0 019 Pooja Exp 0 020 Shed 0 021 Sign Board 0 022 Electrical Expense 0 126,820

23 Bank Charges 81 224 Corporate Approval Fees 0 0

Opening Balance


As at As atPARTICULARS 31/03/2015 31/03/2014


III Investments & Deposits 1,124 659,170

IV Closing Balance 3,208 19,427

T O T A L P A Y M E N T S 2,826,589 3,137,338

25 Inauguration Expense 0 026 Travelling Expense 0 027 Foundation Stone Ceremony/Pooja Expense 0 028 Printing And Stationary 0 029 Miscellaneous Expenses 16,292 030 Committee Meeting Exp 0 0

31 EMD of World Con 0 50,00032 FD For Retention Money of World Con 0 033 Fixed Deposit 0 4,34434 Retention Money 0 570,66435 TDS Payment 1,124 34,16236 Advance to Suppliers 0 0

A Bank Balance with SBI 1,341 1,368B Bank Balance with Axis 1,866 18,059







THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIABALANCE SHEET AS AT 31ST MARCH, 2015 - ITT CENTRE- BARODA BRANCH

Particulars Sch. As at As at31/03/2015 31/03/2014

A. SOURCES OF FUNDS

TOTAL 6,634,691 5,390,602

B. APPLICATION OF FUNDS

TOTAL 6,634,691 5,390,602

NOTES ON ACCOUNTS


1 Capital Grant Reserve A 878,974 878,9742 General Reserve

Opening Balance 883,662 1,471,129Add: Surplus during the year 222,846 424,333Less: Transferred/Utilised 0 1,011,800

1,106,508 883,662

3 Earmarked Funds B 4,066,766 3,588,7664 Current Liabilities

Sundry Creditors C 5,643 0Fees Received in Advance 419,700 32,000Others Liabilities D 157,100 7,200

1 Fixed Assets E 114,781 132,8052 Investments

Earmarked Investments 4,066,766 3,588,766Other Investments 750,528 515,501

3 Current AssetsBaroda Branch Control Account (86,897) 615,300Advances and Prepayments F 198,975 147,160Cash and Bank Balance G 1,590,538 391,070

I







THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIAINCOME & EXPENDITURE ACCOUNT OF ITT CENTRE - BARODA BRANCH

FROM 1ST APRIL, 2014 TO 31ST MARCH, 2015







Particulars Sch.


For the period ended on31/03/2015 31/03/2014

A. INCOME1 Fees Income

2 Other Income

TOTAL 2,228,592 2,424,302

B. EXPENDITURE

TOTAL 1,527,746 1,515,969

700,846 908,333

TOTAL 2,228,592 2,424,302

NOTES ON ACCOUNTS

Gross Fees Income 2,100,300Less: Remittance to ICAI HO 315,045

Interest on Savings Bank Account 4,148 4,093Interest on FD & Other Investments 436,749 285,749Other Income 2,440 4,860

1 ITT Lab Expenses H 1,509,722 1,489,4032 Depreciation E 18,024 26,566

SurplusLess : FEES Transferred to General Reserve 478,000 484,000Less : Surplus Transferred to Building Fund 0 0Net Surplus Transferred to 222,846 424,333

I

1,785,255 2,129,600

General Reserve

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2015


SCHEDULE : ACapital Reserve

TOTAL 878,974 878,974

As at As atOp Balance Interest Addition Utilization 31/03/2015 31/03/201401/04/2014 earned Amt. in Rs. Amt. in Rs.

SCHEDULE : BEARMARKED FUNDS

TOTAL 3,588,766 0 478,000 0 4,066,766 3,588,766


SCHEDULE : CSUNDRY CREDITORS

TOTAL 5,643 0


SCHEDULE : DOTHER LIABILITIES

TOTAL 157,100 7,200

SCHEDULE : E (ITT)

Balance as per last year 878,974 878,974Add: Grants received during the yearCapital Grant 0 0

Building Fund Account 1,367,487 0 0 0 1,367,487 1,367,487IT Center Reserve 2,221,279 0 478,000 0 2,699,279 2221,279

Vedant Infotech 5,273 0Madhu Copy Centre 280 0Swasthya Hospitality & Health Foods Pvt. Ltd. 90 0

Provisions for Faculty Remuneration 73,260 0Payable to ICAI 68,445 0TDS Payable 8,195 0Fees Refundable 7,200 7,200

GROSS BLOCK DEPRECIATION BLOCK NET BLOCKRate Opening Addi- Closing Opening Adjust Depre- Closing 31/03/2015 31/03/2014

FIXED ASSETS % Balance tions Balance Balance ments ciation Balance Amt. in Rs. Amt. in Rs.

Total 1,188,967 0 1,188,967 1,056,161 0 18,024 1,074,185 114,781 132,805

DATE WISE DETAILS OF ADDITIONS DURING THE YEARParticulars Date of Addition Amount (Rs.)

TOTAL 0 0

Computer & Printer 60% 924,345 0 924,345 916,714 0 4,579 921,293 3,051 7,630

Electrical Installation 10% 75,920 0 75,920 37,840 0 3,808 41,648 34,272 38,080

Furniture & Fixtures 10% 136,502 0 136,502 67,967 0 6,854 74,821 61,682 68,535

Air Conditioner 15% 52,200 0 52,200 33,640 0 2,784 36,424 15,776 18,560

NO ADDITION DURING THE YEAR



SCHEDULES FORMING PART OF THE INCOME & EXPENDITURE ACCOUNT

FOR THE PERIOD FROM 01ST APRIL, 2014 TO 31ST MARCH, 2015


SCHEDULE : FLOANS, ADVANCES AND PREPAYMENTS

TOTAL 198,975 147,160


SCHEDULE : GCASH AND BANK BALANCE

TOTAL 1,590,538 391,070


CHEDULE : HITT EXPENSES

TOTAL 1,509,722 1,489,403

Accured Interest on Auto FD 84,039 117,891Staff Loan 14,000 0TDS on Interest - 2013-14 29,269 29,269TDS on Interest - 2014-15 49,118 0Sundry Receivables 3,699 0Prepaid Expenses 18,850 0

Axis Bank- 013010101187281 (9,462) 46,345Auto FD with Axis Bank 1,600,000 344,725

Bank Charges 1 3Salary /Bonus to Staff/ Leave Encashment Expenses 149,963 180,504Computer AMC Expenses / Repairs 67,840 63,725Electricity charges 169,867 156,479Faculty Honorarium 578,380 566,720House Keeping Expense 105,164 93,319Lab Rent 240,000 240,000Printing & Stationery and Photocopying Expenses 83,164 78,662Website Expense 12,000 9,101General Expenses 2,869 5,820Security Expense 100,474 95,070







SCHEDULES ATTACHED TO & FORMING PART OF THE BALANCE SHEET AND INCOME ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2015

SCHEDULE : I

A) SIGNIFICANT ACCOUNTING POLICIES

1. Accounting Convention

2. Fixed Assets and Depreciation

3. Income from Interest

B) NOTES OF ACCOUNTS

Accounts are drawn on accrual basis (except as otherwise specified) using historical cost convention basis and areprepared in accordance with ICAI Accounting Manual.

Depreciation is provided on assets on W.D.V. Method as per Accounting manual of ICAI.

The interest on fixed deposits with banks is accounted for on accrual basis at the rates applicable to such deposits.The income from investments is credited to the Income & Expenditure Account.

1. Earmarked InvestmentsAll the Earmarked Investments have been invested in Fixed Deposits with Axis Bank, Alkapuri Branch.

2. Figures of the previous year have been regrouped and rearranged wherever necessary to make them comparable.

3. Figures are rounded off to the nearest rupee.

STATEMENT OF PROGRAMME - WISE SURPLUS / DEFICITFOR THE PERIOD FROM 1ST APRIL, 2014 TO 31ST MARCH, 2015

1 Private Equity- The Indian Perspective 12/04/2014 14,500 17,164 (2,664)2 Full Day Seminar on The Companies Act, 2013 19/04/2014 238,100 104,271 133,8293 3rd lecture of “Gyan Ganga” 26/04/2014 2,200 2,402 (202)4 Beginners Workshop on Indirect Taxes 27-4, 4 & 11-5 19,400 12,359 7,0415 Human Chain Let’s Make Vadodara Proud 27/04/2014 0 2,980 (2,980)6 Direct Tax & WIRC Members Felicitation 03/05/2014 67,200 74,997 (7,797)7 Full Day Practical Workshop on IT 17/05/2014 37,274 20,767 16,5078 Half Day Seminar on the Companies Act, 2013 23/05/2014 19,600 6,415 13,1859 4th lecture of “Gyan Ganga” 24/05/2014 0 875 (875)10 Direct Tax Refresher Course (DTRC) 31-5, 7 & 11-6 110,000 66,799 43,20111 Interactive Meet Members in Industry 04/07/2014 98,371 98,371 012 CA Day Celebration 01/07/2014 54,800 54,373 42713 Company Law Refresher Course (CLRC) 5,6,11-12,18-19/07/14 139,200 69,963 69,23714 Live Screening of Union budget 2014 &

Press Conference Exp 09/07/2014 0 5,025 (5,025)15 Union Budget 2014 Seminar 13/07/2014 97,100 47,241 49,85916 Accountant Workshop 7,8,14 &15/07/14 15,400 6,250 9,15017 Scope and Opportunities for Young Members in

Practice and Service 07/08/2014 42,790 42,790 018 Workshop on Transfer pricing 09/08/2014 23,600 14,446 9,15419 Flag Hosting on 68th Independence Day of India 15/08/2014 0 2,710 (2,710)20 Lecture Meeting on "CARO" 23/08/2014 6,800 3,370 3,43021 Investors Awareness Programme 23/08/2014 244,203 244,203 022 2 Days Practical Workshop on "Financial Modelling" 30-31/08/2014 32,400 11,770 20,63023 Young Members Clinic - Audit under

New Companies Act and CARO 31/08/2014 0 751 (751)24 Orientation Programe for newly Qualifued CA 01/09/2014 33,085 33,085 025 Campus Placement Programe 02-03/09/2014 3,408 3,408 026 Half Day Seminar on "Tax Audit" 06/09/2014 70,400 17,341 53,05927 Half Day Seminar on "Service Tax & CENVET" 12/09/2014 24,000 12,660 11,34028 Young Members Clinic - Tax Audit Report in

Form 3CA/3CB & From 3CD 14/09/2014 0 200 (200)29 Young Members Clinic - Project Finance 05/10/2014 0 210 (210)30 “Lecture meeting on – How to Gear up for

Implementation of IND AS” 11/10/2014 1,750 370 1,38031 Young Members Clinic - Service Tax Return 19/10/2014 0 60 (60)32 ICAI Regional Conference on UCBs 08/11/2014 90,000 69,228 20,77233 Young Members Clinic - Service Tax Return 09/11/2014 0 600 (600)34 Half Day Workshop on

"Cloude Based Accounting & Auditing” 14/11/2014 41,000 7,515 33,48535 Half Day Workshop on “Depreciation under the new

companies Act – Provisions & Case Studies” 22/11/2014 33,300 12,910 20,39036 "2 days National Workshop on Internal Audit" 29-30/11/2014 50,000 37,076 12,92437 National Conference on Taxation (Multi Track) 12-13/12/2014 485,026 307,317 177,70938 One Day Training Programme for Peer Reviewers 19/12/2014 39,023 39,023 039 WIRC Regional Conference on Information &

Technology 26-27/12/2014 151,000 148,745 2,25540 Lecture Meeting on " Regarding new age of Financing

Schemes - 29/12/2014 8,400 5,020 3,38040 Dec-31, 2014 CA Professionals &

SMEs in Make in India 6 31/12/2014 13,262 7,262 6,00041 24th Residential Refresher Course (RRC) at ,

Pushkar, Jaipur 9-11/01/2015 1,205,200 1,208,318 (3,118)42 Republic day Celebration 4 26/01/2015 0 1,070 (1,070)

Through Play of Derivatives

SR. NAME OF PROGRAME DATE(S) INCOME EXPENSE SURPLUS /(DEFICIT )




43 Half Day Workshop on Leadership & Management 31/01/2015 7,500 9,721 (2,221)44 Orientation Programe for Newly Qualifued CA 04/02/2015 33,910 33,910 045 Intensive workshop on Service Tax 6-7/02/2015 47,200 26,872 20,32846 Campus Placement Programe 12/02/2015 6,293 6,293 047 Lecture Meeting on

“India 2030: Role of Professionals – A Paradigm Shift” 23/02/2015 5,300 5,002 29848 Interactive Meet with CIT – TDS, Vadodara 27/02/2015 0 3,319 (3319)49 Live Screening of Union Budget 2015-16 28/02/2015 0 4,350 (4350)50 Seminar on clause to clause analysis of

Union Budget 2015 03/03/2015 190,200 66,988 123,21251 1st Residential Refresher Course (RRC) for

Young Members 20-22/03/2015 231,400 228,934 2,46652 Women's Day Seminar 19/03/2015 3,900 6,700 (2,800)53 Half Day Seminar on

“Year end compliance - Companies Act- 2013” 24/03/2015 45,150 13,912 31,23854 Full day Seminar on Bank Branch Audit 28/03/2015 156,350 86,417 69,933

1 Teleconference 11/04/2014 900 0 9002 Teleconference 22/05/2014 400 0 4003 Teleconference 28/05/2014 700 0 700

1 GMCS II- 1st Batch 16/06/2014 280,500 150,708 129,7922 GMCS II- 2nd Batch 03/07/2014 280,500 171,164 109,3363 GMCS II- 3rd Batch 21/07/2014 275,000 164,690 110,3104 GMCS II- 4th Batch 11/08/2014 280,500 165,552 114,9485 GMCS II- 5th Batch 25/11/2014 275,000 177,786 97,2146 GMCS II- 6th Batch 15/12/2014 269,500 166,190 103,3107 GMCS II- 7th Batch 01/01/2015 253,000 163,462 89,538

1 GMCS-1 13rd Batch 16/06/2014 275,000 155,410 119,5902 GMCS-1 14th Batch 03/07/2014 280,500 165,070 115,4303 GMCS-1 15th Batch 21/07/2014 264,000 159,350 104,6504 GMCS-1 16th Batch 19/08/2014 143,000 113,860 29,1405 GMCS-1 17th Batch 15/11/2014 275,000 168,708 106,2926 GMCS-1 18th Batch 15/12/2014 209,000 134,990 74,0107 GMCS-1 19th Batch 19/01/2015 203,500 134,190 69,3108 GMCS-1 20th Batch 02/02/2015 286,000 159,890 126,1109 GMCS-1 21st Batch 21/03/2015 115,500 97,140 18,360

1 Orientation 59th Batch 09/06/2014 156,000 59,700 96,3002 Orientation 60th Batch 16/06/2014 150,000 57,540 92,4603 Orientation 61th Batch 23/06/2014 144,000 58,450 85,5504 Orientation 62nd Batch 30/06/2014 147,000 60,480 86,5205 Orientation 63rd Batch 07/07/2014 147,000 59,140 87,8606 Orientation 64th Batch 14/07/2014 78,000 39,750 38,2507 Orientation 65th Batch 04/08/2014 150,000 49,910 100,0908 Orientation 66th Batch 25/08/2014 105,000 46,940 58,0609 Orientation 67th Batch 06/10/2014 54,000 42,360 11,64010 Orientation 68th Batch 17/11/2014 66,000 43,580 22,420

Total 4,238,995 3,314,128 924,867

TELECONFERENCE

Total (A) 4,240,995 3,314,128 926,867

GMCS BATCHES

Sub Total (B) 1,914,000 1,159,552 754,448

IPCC

Sub Total (C) 2,051,500 1,288,608 762,892

Total (B+C) 3,965,500 2,448,160 1,517,340

ORIENTATION PROGRAMME

GMCS BATCHES FOR



11 Orientation 69th Batch 16/12/2014 150,000 49,450 100,55012 Orientation 70th Batch 19/01/2015 144,000 53,250 90,75013 Orientation 71th Batch 02/02/2015 72,000 43,970 28,030

1 CPT 9th Batch Apr-14 454,000 232,681 221,3192 CPT 10th Batch Sep-14 168,000 203,118 (35,118)3 IPCC 8th Batch Mar-14 685,785 540,604 145,181

1 ITT-122 Batch 12/05/2014 152,000 63280 88,7202 ITT 123 Batch 16/06/2014 152,000 63280 88,7203 ITT-124 Batch 16/06/2014 152,000 63280 88,7204 ITT-125 Batch 01/07/2014 152,000 63280 88,7205 ITT-126 Batch 04/08/2014 152,000 63280 88,7206 ITT-127 Batch 04/08/2014 152,000 63280 88,7207 ITT-128 Batch 15/09/2014 148,000 62680 85,3208 ITT-129 Batch 15/09/2014 152,000 63280 88,7209 ITT-130 Batch 01/12/2014 132,000 60280 71,72010 ITT-131 Batch 01/12/2014 152,000 63280 88,72011 ITT-132 Batch 01/12/2014 148,000 62680 85,32012 Advance ITT-1st Batch 19/01/2015 190,000 76,900 113,10013 Advance ITT-2nd Batch 01/12/2014 145,000 73,450 71,55014 Advance ITT-3rd Batch Mar-15 92,500 38,875 53,62515 Advance ITT-4th Batch Mar-15 28,800 12,320 16,480

Sub Total (D) 1,563,000 664,520 898,480

CLASSROOM

Sub Total (E) 1,307,785 976,403 331,382

ITT CENTRE

Sub Total (F) 2,100,300 893,425 1,206,875

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