How Can Recruitment Software Streamline Onboarding Processes?
Applicants can also benefit from the recruitment software because the software minimizes the time employers spend on several tasks involved in onboarding processes. If a candidate takes a job offer, the recruitment software helps to complete all forms and paperwork electronically to avoid a jump in paperwork upon hiring. This consists of employment offer letters, forms, and...
Evidentiary Breach: Invalidating Cash Deposit Assessments Arising from Chartered Accountant’s Misuse of KYC.
Assessment years 2011-12 and 2015-16
Flow of Events:
Initial Findings
Revenue observes significant cash deposits in the assessee’s Syndicate Bank and OBC accounts for the relevant assessment years.
Assessee’s Defense
The assessee fails to explain the source of the cash deposits, and there are no maintained books of account.
Reassessment Proceedings...
How Does Employee Self-Service Software Enhance Workforce Productivity?
Employee self service is a helpful system that increases the efficiency of employees through automating administrative tasks in an employee self service system. This software provides self-service features that enable employees to view and edit their personal information, review pay stubs, request time off, and manage benefits without the help of human resources staff....
Important Update for Maharashtra Establishments from Maharashtra Labour Welfare Board.
New employee and employer contribution rates for the Maharashtra Labour Welfare Fund are now in effect, and online payment is mandatory from June 2024.
Read more here 👉 – Maharashtra labour welfare fund new fees.
Software Solutions Available on:
TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE |...
What Impact Does Leave Management Software Have on HR Efficiency?
Leave management software revolutionizes HR efficiency by automating and centralizing the entire leave management process. This innovative tool simplifies the leave request and approval process for employees and HR personnel, resulting in significant time savings and increased productivity. Through a user-friendly interface, employees can effortlessly submit leave requests,...
Tax Treatment of Lump Sum Settlement Payments Following Employment Termination, Without Further Obligation from Employer.
Case Study: Rahul’s Tax Troubles After Termination:
Introduction:
Mr. Rahul, a dedicated employee at INX Media, faced unexpected challenges after being terminated from his position. His subsequent receipt of a lump sum amount and a new car led to legal complexities with the Income Tax Department.
Rahul worked diligently at INX Media for several years before...