The Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India, the three Professional Institutes under the Ministry of Corporate Affairs, have come forward to donate an amount of Rs 28.80 crore to PM-CARES Fund for providing assistance to those impacted by the COVID-19 pandemic.
The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) was created on 28th March 2020 following the COVID-19 pandemic in India. This dedicated national fund has been set up with the primary objective of dealing with any kind of emergency or distress situation as posed by the COVID-19 pandemic, and to provide relief to the affected people.
The details of donations are as below: –
(Rs. in crore)
|
S.No. |
ORGANIZATION |
CONTRIBUTION FROM INSTITUTE |
MEMBERS/STAFF CONTRIBUTION |
TOTAL |
|
1 |
The Institute of Chartered Accountants of India |
15.00 |
6.00 |
21.00 |
|
2 |
Institute of Company Secretaries of India |
5.00 |
0.25 |
5.25 |
|
3 |
Institute of Cost Accountants of India |
2.50 |
0.05 |
2.55 |
|
Total |
|
22.50 |
6.30 |
28.80 |
****
Source: PIB
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…