Table of Contents
Is PM Cares Fund subject to CAG audit?
His submission is that NDRF is audited by CAG, but PM CARES Fund is not audited by CAG rather by a private Chartered Accountant”.
Will PM Cares fund be audited?
Exemption from audits In April 2020, the Prime Minister’s Office stated that PM CARES would not be audited by the Comptroller and Auditor General of India, since the PM CARES fund consisted of private donations and not public funds.
Why Pmnrf is not audited by CAG?
“Since the fund is based on donations of individuals and organisations, we have no right to audit the charitable organisation,” sources in the CAG offices said. International organisations like the World Health Organisations or WHO, which are dependent on contributions from countries, too have their accounts audited.
Who examines the annual audit reports of the CAG of India?
Public Accounts Committee
Notes: It is the Public Accounts Committee which examines the annual audit reports of the Comptroller and Auditor General of India (CAG), which are laid before the Parliament by the President.
How do I claim pm cares tax exemption?
The donations made to the fund can be claimed as a tax deduction under section 80G of the Income Tax Act, 1961….The donation can be made in any of the following modes:
- Debit Cards and Credit Cards.
- Internet Banking.
- UPI (BHIM, PhonePe, Amazon Pay, Google Pay, PayTM, Mobikwik, etc.)
- RTGS/NEFT.
Which funds are audited by CAG?
Audit of government accounts (including the accounts of the state governments) in India is entrusted to the CAG of India who is empowered to audit all expenditure from the Consolidated Fund of the union or state governments, whether incurred within India or outside, all revenue into the Consolidated Funds and all …
Which corporation is fully audited by CAG?
Notes: Some corporations like Damodar Valley Corporation, Air India are audited totally and directly by the Comptroller and Auditor General of India (CAG) whereas some are audited by private professional auditors who are appointed by the Central Government in consultation with the CAG like Central Warehousing …
How do I get a receipt from PM CARES Fund?
Open Print receipt menu on PMCARES website (https://www.pmcares.gov.in/) Click on NEFT/RTGS/IMPS (Draft,Cheque,Cash) Logo on Print Receipt page: Fill all the required details in the form: Enter UTR/ DD/ Cheque/ Bank Reference Number*. Select Type/Mode of Transaction* (NEFT/RTGS etc.).
Will pm cares fund be audited?
The fact that PM CARES is a public trust merely implies that the beneficiary is the general public or a class thereof, and not specified individuals. According to NDTV, officials in the office of the CAG have already indicated that their office will not audit the Fund unless the trustees ask them to do so .
The PM CARES Fund is a public charitable trust registered under the Registration Act, 1908. It was not set up through a Central or State Act. It has argued that it is not a public authority under RTI; all bodies established by the government are public authorities under that Act. The Fund is audited by an independent auditor, not by the CAG.
Is pm cares fund fit to regulate foreign donations?
The PM CARES Fund has received exemption from all provisions of the law meant to regulate foreign donations, although it does not seem to meet the pre-condition of being a body established and owned by the government whose accounts are audited by the Comptroller and Auditor General of India (CAG).
Should pm cares be a public account?
The argument against conferring PM CARES the status of a “public account” seems to be that it is a fund based on voluntary contributions of individuals and organisations, and as such, beyond the full-fledged scrutiny of the CAG.