Good News for Practicing Chartered Accountant: ICAI takes Capacity Building Initiatives for CA’s in Practice

ICAI Chartered Accountant

The COMMITTEE FOR MEMBERS IN PRACTICE has initiated various measures for the benefits of the members of ICAI through arrangements with leading service providers which the members may avail at their choice:

Following are the Initiatives ICAI announces for Capacity Building :-

1. Unsecured Loan/Working Capital Loan

The committee for members in Practice (CMP) has taken initiative to bring out the Term Loan Facility for the practitioners as under: 

  • Minimum Loan amount Rs. 2 Lakhs and max Rs. 30 lakhs
  • Rate of Interest -9.99% p.a. up to 36 month (Reducing Balance Method)
  • No collateral security or processing fee
  • Takeover of high-cost existing loans.

2. Credit Card by BOB Financial Services Ltd.

  • Lifetime free for all Members
  • Minimum credit limit Rs. 1 lakhs
  • Airport Lounge facility and add on card facility
  • Professional Indemnity Insurance up to credit limit 

3. Papilio Office Management Software – practically free of cost

  • Secured cloud-based software.
  • Available in Mobile App. 
  • Work management, client management, document management, Time Management, Invoicing & Collection Tracking, elaborate dashboard, expenses management, notification, user management, detailed audit trails, etc.
  • Free for life up to 5 users & discount for more users.

4. Software package for practitioners

  1. Rulez book: Mobile App for legal updates – Free for 3 years
  2. Audit Module (Workflow with Standard Audit Checklist) – Free for 3 years
  3. Legal compliance management – Free for 3 years 
  4. Payroll Processing and labor compliance software – Free for 3 years
  5. Board Module for Secretarial compliances – Free for 3 years
  6. Legal compliance audit module – Free for 3 years
  7. Practice Management Module – Free for 3 years
  8. Tally ERP 9 Gold Edition (Multi-user) 80% discount till 15th July 2020 
  9. All in one Accounting and Compliance Software – Free up to 3 users
  10. Free XBRL Software by KDK Software
  11. EFF Factor Software @ 50% discount
  12. Cordal Practice Management Software- Free up to 3 users

5. LIC Group Term Insurance for Members

  • No health or medical underwriting required.
  • Attractive rate of Premium & Annual Premium payment for sum assured of Rs. 10 lakhs and with the spouse of the member may also avail this cover of 5 lakhs.
  • Claim in case of death due to any reason
  • Members and students can buy the Term Insurance online at

6. Health Insurance

  • Family Floater sum insured up to 20 lacs for family and 10 lacs for dependent parents under a single policy
  • Discounted premium for members/students.
  • No health checkups.
  • No upper age limit.
  • Partial coverage of existing disease from first year
  • Attractive Room rent and ICU charges.
  • Covid-19 coverage

7. Motor Insurance

  • Coverage for Car/two-wheeler
  • all risks covered
  • loss or damage coverage
  • 85% discount 
  • 30% discount on add on covers.
  • Members and students can buy the Term Insurance online at

8. All-in-One Accounting & Compliance Software for Chartered Accountants by Hostbooks Ltd.

9. GST Annual Returns (GSTR-9 & 9C) software

  • GST Invoicing for Practitioners /Firms for “Free”
  • Preparation of GST Annual Returns (GSTR-9 & GSTR-9C)
  • GSTR-9 Filling is significantly Faster and Better
  • 20% More data auto-population compared to GSTN portal including complex tables of Amendment i.e. 10 & 11
  • Members who want to avail online at
  • Free of Cost for 5 GSTINs

10. Quick Heal Total Security For Mobile /Desktops/Laptops

Antivirus, Total Ransomware Protection, AntiSpyware, AntiMalware, AntiRootkit, Firewall, Intrusion Detection & Intrusion Prevention.

Available at discounted Price for the Members & Students.

11. Tally.ERP 9 Gold Edition (Multi-User Version)

  • 80% discount for all full time Practicing CAs/CA firm if purchase made before 15th July,2020
  • 80% discount to CAs setting up new practices to encourage them.
  • A 50% discount is applicable on Renewals of licenses.
  • for more details please visit at


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