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
ITAT quashed order u/s 263 enhancing disallowance observing in appellate proceedings, CIT(A) has power of enhancements of income assessed, if…
Section under which penalty should be initiated cannot be subject matter of revisionary jurisdiction under section 263 of Income Tax…
Related party transaction u/s 40A(2) shall be treated as bona fide, unless AO finds that one of them is trying…
The word ‘transfer of property’ does not include ‘acquiring’ of property or ‘purchasing’ of property and only can be confined…
AO is not justified in questioning the cash withdrawals from bank account on the ground that the assessee had sufficient…
Return/Balance sheet to be considered as being within time if filed within timeline condoned by Hon'ble Supreme Court due to…