This act was established to prevent any kind of exploitation on the factory workers by the owners and was created to defend the rights and interest of the employees. As per this law, it is mandatory to assure some sort of working conditions fixed by both the employers or the… Continue reading
The Employees Provident Fund (PF) 1952 is to sanction a type of social security to the employees. This particular Act is applicable for every employee who works in a factory or any other establishment whether organized sector or un-organized one, wherein they get welfare such as medical care, housing, retirement… Continue reading
Maternity Benefit Act was established in 1961 to benefit expecting mothers and later amendments were made in 2017 to provide more benefits to the expecting employee. The act was made to protect employment of the women employee during the time of maternity and provides her with ‘maternity benefit’ i.e. full… Continue reading
This act is allowed to take casual leave of Twelve days (12), medical leave of Fifteen days(15) and certain other leaves of Ten days(10) in a year (which are paid) to an employee. And any employee is just required to work for Forty-Two(42) or Forty-Eight(48) hours a week. This is… Continue reading
The Board of Trustees has decided to provide financial assistance of Rs. 1,500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2,000/- p.m. for those students registered for final course and are currently undergoing articled/industrial training in accordance with The Chartered Accountants Regulations, 1988 and… Continue reading
It’s never too late for doing something good, and finally after the PNB scam and the series of the scam are coming out in the open air the Govt. has finally introduced THE FUGITIVE ECONOMIC OFFENDERS BILL, 2018. 1. This bill was first introduced in 2017. 2. This bill has… Continue reading
1. Annual Return – FORM 11 – 60 days – 30th May, 2018 2. Statement of Accounts – FORM 8 – 30TH OCTOBER, 2018 3. INCOME TAX RETURN: IF NO AUDIT- 31ST JULY IF AUDIT – 30TH SEPTEMBER STATUTORY AUDIT : Capital Contribution – 25 lakh or Annual Turnover –… Continue reading
Income Tax Department Warns Salaried Class Against Filing Wrong Returns The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or “inflating” deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against… Continue reading
With the starting month of the F.Y.-2018-19 , it is a good time to start reviewing your tax-saving plans. And to do so, you must know the new tax rules that are effective from financial year 2018-2019. Standard Deduction In Budget this year, the government introduced, rather reintroduced, standard deduction… Continue reading