ICAI offers Financial Assistance for treatment of Corona disease
ICAI Financial Assistance for Corona disease
The Institute of Chartered Accountants of India (ICAI) in view of the difficulties being faced by Members due to Covid-19 pandemic, has decided to grant Medical Financial Assistance to its Members and their dependents suffering from CORONA.
The financial assistance shall be granted out of Chartered Accountants Benevolent Fund (CABF) and shall be available to the Members and their dependents who are in distress and need financial assistance for treatment of Corona disease.
To avail this assistance, members/dependents are required to file request in prescribed Application Form-cum-Undertaking hosted on the website of the ICAI at the CABF Portal .
The application should be accompanied with the CORONA positive report and is available only for the cases of hospitalization.
The financial assistance will be up to INR 1.5 Lakhs and will be returnable to CABF in full, if it is not utilized for treatment of CORONA.
More information can be have by sending mail to covidassistance@icai.in
- Order u/s 69 of the CGST Act has to be communicated before arrest of person concerned– SC
- Refund can not be denied on the ground that it was claimed in a return filed u/s 148 – ITAT
- Distinction between religious & charitable purposes is determined by institution’s primary or dominant object
- Fit case to issue notice u/s 148 – Relevancy of material & application of mind to objections important
- AO is under an obligation to assign reasons for rejecting explanation of the assessee
