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February 13, 2024by Safique IdrisiGovernment Update

Navigating Revised Minimum Wages: Maharashtra Compliance Guide (Jan 1, 2024 – June 30, 2024)

  Introduction: Stay ahead of the curve with our comprehensive guide on implementing the Revised Minimum Wages in Maharashtra, ensuring seamless compliance from January 1, 2024, to June 30, 2024. Section 1: Understanding Maharashtra’s Regulatory Landscape Unravel the intricacies of Maharashtra’s employment regulations, with a focus on the latest revisions in minimum wage requirements....
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October 20, 2023by Safique IdrisiGovernment Update

MCA imposes a 4.5 lakh penalty for not including a statement on the constitution of the Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 in the board report.

Ceeta Industries Limited, a company headquartered in Tumkur, Karnataka, has been penalized by the Ministry of Corporate Affairs (MCA) for violating Section 134(3)(q) of the Companies Act, 2013. The violation stems from the company’s failure to include a required statement regarding the constitution of the Internal Complaints Committee (ICC) under the Sexual Harassment of Women at Workplace...
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October 12, 2023by Safique IdrisiGovernment Update

Odisha Minimum wages from October 2023 to March 2024.

The Government of Odisha has notified the revised rate of minimum wages for the scheduled employment that takes effect from 01 October 2023. MW-Orissa: (DOWNLOAD)   COURTESY BY: PCS CONSULTANCY Software Solutions Available on: TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE | ATTENDANCE MACHINE & CCTV | DATA BACKUP SOFTWARE |...
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October 11, 2023by Safique IdrisiGovernment Update

Bihar Minimum Wages were revised from 1st October 2023 to 31st March 2024.

The Government of Bihar, vide Notification No- 1687,1688 Dated- 31.03.2023 Gazette No.- 298 Dated 10.04.2023, revised the VDA effective 1st October 2023. Please refer to the notification for more details     BIHAR MINIMUM WAGES 01-10-2023 TO 31-03-2023 (DOWNLOAD) Software Solutions Available on: TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX |...
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September 27, 2023by Safique IdrisiGovernment Update

Punjab Factory Rules Amendment 2023.

The Labour dept of Punjab has amended certain rules of the Factory Act 1948, and section 65 subsection (3) and clause (IV) have been amended pls refer to the said notification   Punjabi Factory Act Amendment: DOWNLOAD COURTESY BY: PCS CONSULTANCY Software Solutions Available on: TDS | PAYROLL | WEB PAYROLL | WEB HRMS | XBRL | FIXED ASSET |INCOME TAX| SERVICE TAX | DIGITAL SIGNATURE |...
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February 20, 2023by Safique IdrisiUncategorized

TDS on Purchase of Immovable Property from Non-Residents.

1. Rate of TDS deduction. According to section 195(1), any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest other than interest referred to in section 194LB or section 194LC or section 194LD or any other sum chargeable under the provisions of this Act other than salary shall, at the time of credit or at the time of payment, whichever...
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February 17, 2023by Safique IdrisiUncategorized

Broad scheme of Tax Deduction at Source from “Salaries”.

Every year an employer is obliged to deduct TDS from the salary payable by him to his employees. There are many practical difficulties faced by him in deducting TDS on estimated salary in determining the rate of TDS and estimated salary income on which such rate shall be applied. These difficulties are further increased due to amendments made by the authorities every year. Therefore an...
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January 17, 2023by Safique IdrisiUncategorized

Sales in case of stock broker and sub-broker.

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,...
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