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2019

Things that you must know about Employee Provident FundEPF

What is EPF?

  • Employee Provident Fund (EPF) is a scheme regulated by central government under ‘The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952′ which came into effect from 1951 which extends to whole of India except Jammu & Kashmir.
  • EPF is one of the most beneficial investment methods for salaried employee.
  • Government has initiated EPF registration and made it compulsory with certain conditions mainly for cultivating the habits of saving for all employees working in private sector, public sector or even in government undertakings.

Archive


2019

Policy Measures for Revival of Indian Economic

Data indicates the United States, the world’s largest economy, may be headed for another recession. This could lead to another global economic slowdown. Many of the world’s other top economies may also be headed for troubling downturns.

The turmoil over Brexit has partly led the UK’s economy to slowdown in the second quarter. Growth has also stopped in Italy, amid political crisis and situation does not seem to be improving soon. Germany’s economy declined in the three months before June, according to new numbers, a troubling sign for the world’s fourth-largest market.

Argentina just went through one of the worst stock market crashes in decades after an allegedly corrupt politician nears power once more. Brazil and Mexico, two leaders of Central and South America’s economies, are expected to perform weakly this year.

Japan faces a recession, and it’s recently entered into a trade dispute with South Korea. Singapore, another Asian economic engine, is also on the brink of recession. Months of protests in Hong Kong have brought the financial hub’s economy to a standstill, and also there is a looming threat of a possible Chinese military intervention. On top of it all, China’s growth rate has slowed due in large part to the trade war launched by President Donald Trump.

2019

Notified Changes in Format of Form 16 Salary Certificate

The Central Board of Direct Taxes has notified the changes in Form 16 (TDS Deduction Certificate) issued by Employer. The new changes would be effective from May 12, i.e. before the last date for issue of Form 16.

2019

To Do List for Accountants before 31st March 2019

As you are aware that Financial year 2018-19 is about to end, below are some of the points that shall be kept in mind prior to 31st March 2019:

2018

Use of Internal Auditors work by an External Auditor

External Audit is an critical function for both the company and the auditor. The audit procedure must be conducted in prescribed manner abiding by standards set for auditing. The Auditing and Assurance Standards Board of ICAI keeps on issuing "Implementation Guides" from time to time. Such implementation guides help auditors understand a standard better. It also provides guidelines related to practical problems faced by auditors in practical implementation of audit standards.

2018

All you need to know about Micro Small and Medium Enterprises MSMEs

What’s MSME?
MSME stands for Micro, Small and Medium Enterprises. MSME represents a collection of all small to medium sized enterprises in an economy. In a developing economies like India, MSME play a vital role in growth of the economy.
In this article, we shall discuss and understand following points in relation to MSME industries from Indian perspective.

Financial Management