Travel and expense management is essential for any business to succeed. It helps to ensure that the company’s finances are managed correctly and that employees can make the most of their travel opportunities. However, managing travel and expenses can be a daunting task. That’s why it’s important to have reliable travel management software in place. By using suitable software,...
Every assessee carrying on business shall get its accounts audited if certain conditions are fulfilled and the same is true in the case of stockbroker and/or sub-broker. The principles enumerated below are equally important for considering the account amount of sale in their profit and loss account.
Rules to consider a transaction as sale in case of stock broker / sub-broker
Share brokers,...
Performance management is an essential aspect of employee life. It can assess and improve performance, give feedback, identify training needs, and reward outstanding performance. Performance management helps employees achieve their goals by providing feedback on how they are performing in their job. It also gives employees a chance to review the company’s expectations for them and decide...
Employee self-service, commonly known as ESS, allows staff members to carry out numerous job-related tasks that were formerly done by the human resources division. ESS systems can increase productivity and provide employees more freedom. Understanding employee self service software can help you handle this crucial component of human capital management and comprehend the benefits whether...
Penalty under section 221 is levied when there is a default in payment of tax. Under sub-section (1) of section 221, the assessing officer is empowered to impose a penalty where an assessee is in default or is deemed to be in default in payment of tax. The said penalty is leviable in addition to the amount of the arrears and the amount of interest payable under section 220(2). Further,...
All real estate projects are required to be registered with the RERA of the respective State so that authorities have jurisdiction over the projects. However, there is a dispute over the issue as to the date on which the requirement of registration under RERA is applicable i.e. on the date of receipt of the occupation certificate or completion certificate.
Requirement of Registration under...
What is an Exit Management System?
No matter how great your company culture, learning & development program, or business leaders are, there is one certainty: Employees will quit. You won’t be able to keep every employee, especially in this day and age, whether for a career change, to care for their newly formed family, or just because it’s time for a change. However, it’s...
Payroll disbursements take significant time in every organization, regardless of size. The payroll management system process is involved and time-consuming, requiring employers to enroll their employees, calculate their monthly payments, maintain compliance, and distribute pay on schedule.
What is a Payroll System?
A program used to organize and handle employee payments is...
Registration – not mandatory:
The Partnership Act does not require the registration of a Firm as a mandatory process, however, only registered firms are considered legally existing. The firm can get registered any time before the existence or during the continuance of the partnership.
Essentials of Partnership Firm:
A Partnership firm is one of the most significant forms of business...
An HR management system simplifies HR functions by controlling business operations by the department. Systems for managing employees are created to track, evaluate, and regulate their working hours to best use their resources. Payroll software aids in the timely completion of payrolls.
The employee management system is a method of management that satisfies employees’ practical, social,...