Multipurpose empanelment form was made live on 22.09.2020 by ICAI.
In simple words this is used for enlisting Chartered Accountant for auditing the accounts of nationalised banks and Public sector undertakings.
To read the same in details in detail click here: https://www.taxontips.com/multipurpose-empanelment-form-now-live-on-icai-website-for-2020-21/
Now ICAI has announced extension of due date for submitting form of MEF which is as under:
As you are aware that the Multipurpose Empanelment Form for the year 2020-21 is live at https://meficai.org. Considering the various requests and challenges being faced by the Members of ICAI due to Covid-19, it has been decided by Professional Development Committee to extend the last date for submission of online Multipurpose Empanelment Form along with the Declaration for the year 2020-21. It is hereby informed that last date is extended from 12th October 2020 to 23rd October 2020.
We wish to further inform that while submission of Financial Documents, there is no requirement for submitting the Financial Statements i.e. Balance Sheets and Income & Expenditure Account for the applicants who have opted for the Presumptive Taxation Scheme under Section 44ADA of Income Tax Act, 1961 and have filed their ITR accordingly for the financial year 2018-19. The option in this regard has been included in the Financial Documents Tab in MEF for the members to select.
Professional Development Committee