ICAI
ICAI announces various capacity building initiatives taken for Chartered Accountant in Practice.
ICAI in a Live Webinar held today, declared number of initiatives for members in practice in view of the due to Covid-19 pendemic.
The President, ICAI outlined the challenges faced by the practicing CAs / firms particularly small and medium sized ones.
Key features of the initiatives declared are as under:
The committee for members in Practice (CMP) has taken initiative to bring out the Term Loan facility for the practitioners as under:
(a) Minimum Loan amount Rs. 2 Lakhs and max Rs. 30 lakhs
(b) No collateral security or processing fee
(c) Takeover of high cost loans
(a) Lifetime free
(b) Minimum credit limit Rs. 1 lakhs
(c) Airport Lounge facility and add on card facility
(d) Professional Indemnity Insurance up to credit limit
(a) Secured cloud based software
(b) Available in Mobile App.
(c) Work management, client management, document management, Time Management, Invoicing & Collection Tracking, elaborate dash board, expenses management, notification, user management, detailed audit trials etc.
(d) Free for life up to 5 users & discount for more users
(a) Rulez book: Mobile App for legal updates – Free for 3 years
(b) Audit Module (Workflow with Standard Audit Checklist) – Free for 3 years
(c) Legal compliance management – Free for 3 years
(d) Payroll Processing and labour compliance software – Free for 3 years
(e) Board Module for Secretarial compliances – Free for 3 years
(f) Legal compliance audit module – Free for 3 years
(g) Practice Management Module – Free for 3 years
(h) Tally ERP 9 Gold Edition (Multi user) 80% discount till 15th July 2020
(i) All in one Accounting and Compliance Software – Free up to 3 users
(j) Free XBRL Software by KDK Software
(k) EFF Factor Software @ 50% discount
(l) Cordal Practice Management Sotware- Free up to 3 users
(a) No health or medical underwriting required
(b) Attractive rate for 10 lakhs rupees with spouse cover of 5 lakhs
(c) Claim in case of death due to any reason
Members and students can buy the Term Insurance online at https://cmpbenefits.icai.org
(a) Floater sum insured up to 20 lacs for family and 10 lacs for dependent parents under a single policy
(b) Discounted premium
(c) No health checkups
(d) No upper age limit
(e) Partial coverage of existing disease from first year
(f) Covid-19 coverage
(a) Coverage for Car/two wheeler
(b) all risks covered
(c) loss or damage coverage
(d) 85% discount
(e) 30% discount on add on covers
Members and students can buy the Term Insurance online at https://cmpbenefits.icai.org
For details visit https://cmpbenefits.icai.org
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed - ITAT In a…
Order to stock broker through WhatsApp may be considered as legally verifiable record - SEBI SEBI in an informal guidance…
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit…
NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and…
Income Tax Rules 2026 notified by CBDT. CBDT has issued Notification No. 22/2026 dated 20.03.2026 to notify the Income-tax Rules,…