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Payroll | Taxation | Compliance | Accounting
FEB 15, 2017
NEWSLETTER
What's In Store For Business Owners For The Upcoming Fiscal?
Each new fiscal year is an opportunity to be dealt with. We see changes in business environment, taxation, regulatory, forex and largely the overall economy itself. We thought it would be a good idea to bring out the TOP 5 changes in this fiscal for a Business owner / entrepreneur. So, be prepared with a bird’s eye view on what to expect this fiscal.
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Updates
   
Compliance
EPFO advises all employers to ensure compliance under EPF & MP Act, 1952 in respect of the employees engaged by or through contracts for the outsourced / Regular / Contract / Casual / Daily wages etc. - Click here to Know
   
EPFO announces Aadhaar as mandatory for pension claim & existing members need the same for featured pension benefits - Click here to know
Accounting
Change in period of limitation for scrutiny assessment. The time for scrutiny assessment is being compressed to 12 months for A.Y. 2017 - 2018 and 18 months for A.Y. 2018 – 2019 & thereafter.
   
Threshold limit for audit of business entities who opt for presumptive income scheme has been increased from Rs 1 Crore to 2 Crores.
Taxation
Tax Collected at Source ( TDS )& Tax Collected at Source ( TCS ) will undergo some changes w.e.f 01 April 2017 - Click to know more
   
Mandatory Fees on Late Filing of Income Tax Return. Minimum Rs.1000, Maximum Rs.10,000 - Click to know more
FROM OUR BLOG
Compliance For Startups - A Mandatory Choice
Recent times have seen that the craze for startups is on the rise. The industry is booming and forces many others to jump on the bandwagon.
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7 Common misconceptions about Payroll
The payroll process is a crucial chunk of all businesses. Your business may be minting money or just making ends meet.Yet the payroll process is one that ...
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EVENTS
Mar 3 & 4
Programme on 'Finance for non finance executives'
KPMG , Chennai
Mar17
8th Edition CFO Leadership Summit
Bangalore
Who
we are
At Relativity, we impact and improve our clients’ pace towards success, focusing on challenges in HR and Finance domain. Our exemplary services in Payroll, Accounting, Taxation and Compliance for nearly a decade continues to be the crux behind many successful businesses.
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