FINANCIAL REPORT

Financial Report 2019-20

Forum for Medical Ethics Society

The Forum for Medical Ethics Society’s income in the year 2019-20 was from the following sources:

Subscriptions: Rs 5,27,672.25/- Membership fees: Rs. 15,661/-; Bank interest (including interest on fixed deposits): Rs. 3,41,090/-; and Donations: Rs. 25,000/-. The amount received by way of Grants was Rs. 46,00,000/- and other sources Rs. 7,18,000/-.

During the year 2019-20, we incurred expenses for services of regular staff, payment of honorarium and printing of the journal. The Forum for Medical Ethics Society spent Rs. 2,30,475.50/- on printing the journal and Rs.5,57,294/- on honorarium. Approximately Rs.51,73,722/-went into establishment and other expenses, including website charges.

Donations to the Forum for Medical Ethics Society are eligible for 50 per cent tax exemption under Section 80G of the Income Tax Act.