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Important points to know about crime insurance policy

QUESTION 1: How is the professional liability cover different from other liability covers?

REPLY: The professional liability insurance differs from other liability insurance policies in a few ways. These are as follows:

i). While other liability insurance policies usually specify the per occurrence limit, (there is usually a maximum limit for each claim), there is no limit per occurrence in case of a professional liability policy. Further, no distinction is made between bodily injury and property damage liability.

ii). Professional liability insurance is not restricted to accidental acts, faulty diagnosis or faulty performance is also covered. Deliberate acts giving unintended results are also covered in the policy.

iii). Professional liability policies usually cover the damage caused to the property in the custody or care of the insured as well.

iv). Professional liability insurance does not allow the settlement of the claim without the prior approval of the insured.

QUERY 2: Is a doctor also equally liable for the negligence of his Assistant and Nurse? (c) What is the protection assured under a Crime Insurance Policy? (d) Differentiate between a Fidelity Bond and Crime Insurance?

REPLY: The circumstances, applicable legislation, and the doctor’s connection with the assistant and nurse will all play a role in determining whether a doctor is responsible for the actions of their assistant and nurse.

Here are some crucial things to remember:

i). Vicarious Liability: If the negligent conduct occurred while the assistant or nurse was performing their job duties, many jurisdictions will hold the doctor vicariously accountable for the negligence of those individuals. This means that the doctor may be held accountable for the assistant’s or nurse’s acts if they were performing their job obligations and acting under the doctor’s direction or supervision when the negligence happened.

ii). Standard of Care: Medical professionals have a responsibility to give their patients an acceptable quality of care. A doctor may be held accountable for their own negligence in the supervision or training of assistants and nurses if that failing to do so contributed to the negligence or harm that resulted.

iii). Independent Contractors: The doctor’s liability for the assistant’s or nurse’s carelessness may differ if they are independent contractors as opposed to employees. In general, doctors may not have as much direct control and oversight over independent contractors, and their accountability may be restricted to their own acts or omissions rather than those of the independent contractor.

iv). Non-Delegable Duties: In some circumstances, such as when it comes to patient safety and specific medical treatments, doctors may have non-delegable responsibilities. Even if they were not actively involved or supervising at the time, non-delegable obligations ensure that the doctor cannot escape responsibility for the actions or inactions of their helpers and nurses. The doctor is still in charge of making sure the patient is given the right care and is safe.

QUERY 3: What is the protection assured under a Crime Insurance Policy?

REPLY: There are two types of financial protection that are available against the losses caused by crime.

They are fidelity and surety bonds and

burglary, robbery and theft insurance.

A bond is a legal instrument in which a third person (surety) ensures the performance of contract properly by the principal or the obligator.

A fidelity bond deals with assurance of bonafide behavior by an employee during the course of his employment.

In fidelity bond, the surety assures the employer of trust worthiness and honesty of the employee and agrees to pay the damages that arise due to the dishonest acts of that employee.

Money and security coverage pays for money and securities taken by burglary, robbery, theft, disappearance and destruction.

QUERY 4: Differentiate between a Fidelity Bond and Crime Insurance?

REPLY: A fidelity bond and crime insurance are both types of insurance coverage that protect against financial losses resulting from fraudulent or dishonest acts committed by employees or third parties.

However, there are some differences between the two:

Fidelity Bond: A fidelity bond, often referred to as an employee dishonesty bond or employee dishonesty insurance, is a type of insurance that guards against losses incurred by enterprises due to employee dishonesty. It usually compensates company losses brought on by employee theft, embezzlement, forgery, fraud, or other unethical behaviour.

Employers typically buy fidelity bonds to protect themselves against monetary losses resulting from wrongdoing on the part of their workforce.

Main characteristics fidelity bond’s are: Fidelity bonds explicitly cover damages brought on by an employee’s dishonest behaviour, such as theft or embezzlement.

i). Fidelity bonds typically demand the participation of an employee in order to activate coverage.

ii). Customizable Coverage: Fidelity bonds can be made to fit a company’s particular requirements, including coverage limitations, the kinds of dishonest acts that are covered, and the personnel or positions that are covered.

Crime Insurance: On the other hand, crime insurance is a broader category of insurance protection that guards against monetary losses brought on by a variety of illegal activities. It covers losses brought on by both third parties and employees, going beyond employee dishonesty.

In fidelity bond, the surety assures the employer of trust worthiness and honesty of the employee and agrees to pay the damages that arise due to the dishonest acts of that employee.

Money and security coverage pays for money and securities taken by burglary, robbery, theft, disappearance and destruction.

A wide range of criminal behaviours that could cause a firm financial harm are covered by crime insurance. Crime insurance’s key characteristics are as follows:

i). Coverage for Various Criminal activities: Losses brought on by employee dishonesty, forgery, theft, robbery, computer fraud, extortion, and other criminal activities are often covered by crime insurance.

ii). Greater Coverage: Unlike fidelity bonds, crime insurance can also cover losses brought on by third parties, like customers, suppliers, or outside fraudsters.

iii). Protection that is Complete: Crime insurance offers a more complete coverage option, addressing several criminal dangers that a firm may encounter.

DISCLAIMER: the case study presented here is only for sharing information with the readers. The views are personal, shall not be considered as professional advice. In case of necessity do consult with professionals.

LETTER OF INDEMNITY

LETTER OF INDEMNITY

To:

Assessing Officer

Income Tax Department

Sir,

Sub:                Request to Register as ‘Representative Assessee’ for (Late) Sri.

…………………………………………….. and His PAN :

1)         I/We, the undersigned, hereby inform you that (Late) Sri……………………………, holder of Permanent Account Number ………… and resident of ………………… …………………………………………………………………………………………………..(Deceased) / died on ………….. at…………………………………………………………

2)         That, the Deceased died (tick the appropriate option) :

o        Intestate, i.e. without leaving behind a valid and enforceable will, and that in accordance with the law of intestate succession as applicable to him/her at his/her time of death, the Deceased left behind as his/her only surviving heirs, claimants or next of kin, the following persons:

o        Deceased died leaving his last Will and Testament dated …………………………. and

we the undersigned are the executors and beneficiaries thereof;  and further, that we are the only persons entitled to the estate of the Deceased, as legal heirs:

S.No.NamePAN numberAddressRelationship with DeceasedAge
1       Son 
2       Daughter 

3)         I/We affirm that I/we am/are the sole legal heirs of the Deceased and there are no orders, decrees, judgments or ongoing proceedings before a court of law or other forum contrary to our claims as legal heirs vis-a-vis the estate of the Deceased.

4)         I/We have requested you, the Income Tax Department, to allow Sri………………  holder of PAN Number …………………… being one of the legal heirs to the Deceased, to act in capacity of the ‘Representative Assessee for the Deceased in accordance with Section 159 of the Income Tax Act, 1961, and allied provisions and rules, on my/our behalf and you have kindly agreed to do so on my/our executing an indemnity as is contained herein, and on relying on the information given by us herein believing the same to be true, complete and accurate.

5)         In consideration therefore, of your approving our request in allowing Sri…………..  holder of PAN Number …………….. to act in capacity of  ‘Representative Assessee’ for the Deceased in accordance with Clause 4 above, I/we, the legal heirs aforementioned, for myself/ourselves and my/our respective heirs executors and administrators jointly and severally hereby indemnify you, the Income Tax Department, and agree to keep indemnified and hold the Income Tax Department saved, harmless and defended for all time hereafter from and against all losses, claims, legal proceedings, actions, demands, risks, charges, damages, costs, expenses, including attorney and legal fees and penalties whatsoever which may be initiated against the Income Tax Department, or be paid, sustained, suffered or incurred by the Income Tax Department howsoever, as a consequence direct or indirect by reason of the Income Tax Department having agreed at my/our stated request. If called upon by the Income Tax Department to do so, I/we shall join any proceedings that may be initiated against the Income Tax Department and I/we shall defend at our cost any such proceedings. Further, I/we shall initiate such proceedings as may be considered necessary by the Income Tax Department, if called upon by the Income Tax Department to do so, in order to protect the Income Tax Department’s interests and to further and perfect the indemnity granted hereby in favor of the Income Tax Department.

In witness whereof signed and delivered by the legal heirs :

No.Name of Legal HeirPAN NumberSignature
1   
2   

VERIFICATION

    WE  Sri………………………, Son of (Late) Sri………………………, holder of PAN No……………… aged about … years, residing at …………………………….. …………………………………………. ………………………………………….  &  Sri………………………, Son of (Late) Sri………………………, holder of PAN No……………… aged about … years, residing at …………………………….. …………………………………………. ………………………………………….  

Indian Citizen, do hereby state that the facts mentioned hereinabove are true and correct to

the best of my knowledge and belief.

Solemnly affirmed at my office at ……………………………. on this ………. Day of …………………… 2021 and signed in my presence.
       

Place :
  Delete it & Enter Legal Heir-1Enter Name of Legal Heir-2
Date  :  Signature of Deponent(s)

HRA receipt u/s.10(13A) and Form No.10BA

RECEIPT OF HOUSE RENT :-

[ Under Section 10(13A) of Income Tax Act ]

Received a yearly sum of Rs. 60,000 /- (Rupees Sixty Thousands only) towards the rent @ Rs.5,000 /- (Rupees Five Thousands only) per month from 01-April-2021 to 31-March-2022 in respect of House situated at ……………………………………………………………………………………..

……………………………………………………………………………………………………………………………….

……………………………………………………………………………………………………………………………….


PARTICULARS OF HOUSE OWNER / LANDLORD

Name of House Owner / LandLord
 

Address of House Owner / LandLord
 

PAN number of House Owner / LandLord
 

Resident Status of House Owner (Tick)



Resident / Ordinary Resident



NRI – Non-Resident Indian
Signature of House Owner / LandLord
Paste Rs.1/- Revenue Stamp and sign across it
Name of House Owner in Capital Letter 


Place :

Date : 31-March-2022

FORM NO. 10BA

[ See rule 11B of Income-Tax Rules, 1962 ]


I/We ………………………………………………………………………… (Name of the Tenant / assessee with PAN) do hereby certify that during the Financial Year : 2021-22 (i.e) 01-04-2021 to 31-03-2022, I/we had occupied the premise ……………………………………………………………………………….

……………………………………………………………………………………………………………………………

for the purpose of my/our own residence for a period of ……………………………… months and have paid Rs………………………………………………………………………………………………….. in cash* / through crossed cheque / NEFT / IMPS / Cashless Digital mode of Transfer towards payment of rent to Landlord Shri/Smt. …………………………………………………………

……………………………………………………………………………………………………………………………

……………………………………………………………………………. (Name and complete address of the landlord).

and PAN number of LandLord is ……………………………………………………………………………

 

It is further certified that no other residential accommodation is owned by

(a) me/my spouse / my minor child / our family (in case the assessee is HUF), at ordinarily reside / perform duties of office or employment or carry on business or profession,

OR

(b) me/us at any other place, being accommodation in my occupation, the value of which is to be determined u/s 23(2)(a)(i) or u/s 23(2)(b).


Signature of Assessee / Tenant
 

Name of Assessee / Tenant
 

 

Date : 31-March-2022

 

Place :

 

* upto Rs.1 Lakh

 

CA Fees estimation letter for Internal Audit

0

Date: 1-Apr-2022

To

XXXXXXXXXXXXXXXX

Respected Sir / Madam

Subject:            Estimate of fees for carrying on Internal Audit – shared as per your request over phone / email

Reference:        Based on phone call / email from your representative Mr. ________________ on _________

In connection with the request made by Mr. / Mrs. _____________________ (Designation: ___________ ) of your concern, we have furnished hereunder an estimate of fees for the assignment proposed:

Sl.No.Description of WorkEstimate of Days / Hours / Units involvedAmount (INR)
1Internal Audit FeesFlat Rate0.0
2Certification Fees (For Internal Purposes)Rs.____/- per certificate issued0.0
3Certification Fees (For External Purposes)Rs.____/- per certificate issued0.0
Total0.0
4Travel ExpensesAs the work requiresAs per Actual Claim Forms and/or proofs submitted

Kindly note that the estimate of fees shared above is based on the facts and statements made during the conversation with the aforementioned representative of your concern. Any deviations therefrom in the scope of work, reporting formats and certificates to be issued requiring additional professional hours from our part shall warrant an increase in fees stated above.

Other Payment terms:

  • All our bills are due within 10 days of being generated.

Yours truly

For ZZZZZZZZZZZ

Chartered Accountants

(FRN: 0000000)

YYYYYYYYYYYYYYY

Chartered Accountant

M. No. 000000

Latest Accounting Trends Every Business Should Follow after 2021

0

The year 2020 has been important for every type of business size – small, medium, large. To prevent the spread of COVID-19, the government announced a prolonged global shutdown. In the meantime, many businesses had to take quick measures (such as the right use of business software, accounting software) to move quickly. While many others were not so lucky and were forced to close forever as a result. Thus, to remain contact-less, all of us started using online platforms and business software. And, thus, started shifting business to a purely electronic medium.

Now, we have covered almost the entire journey of 2020, and with this, we will definitely not want to harm our business with any kind of pandemic after 2021 or the near future. For this, we have to equip our business with more advanced software technologies for our future.

This blog is about the same subject, how we can give a great business experience to our business and customers without any hassle through advanced accounting software. And can make the business ahead of the according to of the latest market trend.

A digital and cultural shift in accounting

A Sage report suggests that about 90% of accountants feel that accounting is undergoing a cultural shift that is tilting more toward technological adoption.

This shift is driven by many factors such as marketing demand, consumer demand, market trends, rules, and generational changes that keep pace with the accounting world. With such changes in the industry, more and more accounting professionals are discovering new strengths in using advanced solutions for accounting processes. Thus, any organization needs to reshape its business strategies to stay updated with recent digital and cultural events developments. In which smart and advanced accounting and GST billing software play an important role.

Let’s dive into and adopt more comprehensive discussions of each accounting trend and technique in the accounting industry.

Emerging Accounting Trends

Focus on automates accounting process

In this changing business environment, what makes us more popular and up-to-date is the correct use of technology to automate business processes. With automation, a business owner gets rid of doing manual work. The system ensures error-free processing, saving time as well as helping professionals become better. Business accounting is critical. There is no other chance for mistakes. Thus, companies are investing more in automated accounting solutions. In this way, the automated accounting process will drive companies to make decisions based on more data than before.

Increase in Demand for Accounting Software Solutions

According to a report by Fortune Business Insights, the accounting software market will experience a higher level of growth in the years ahead(i.e. 2021). And, during the forecast period of 2019 to 2024, the market will grow at a CAGR of 8.5%.

As we are still experiencing the effects of the COVID epidemic in our daily lives. Now businesses are more likely to use accounting software instead of manual accounting. Therefore, businesses are growing and using robust solutions by adopting technically driven accounting solutions. These solutions optimize processes and reduce manual tasks. In this way, there is a strong demand for software platforms for managing  accounting  spreadsheets. It gives a better understanding of tax management.

Trendy accounting software, therefore, gives businesses the ability to manage vast datasets, enabling accounting firms to have detailed financial reporting and sophisticated data analytics.

Focus on Outsourced Accounting Functions

Nowadays doing business is unpredictable. It is the reason that the demand of customers keeps changing with time. That’s why businesses now outsource the demanding business accounting functions of demand. Thus, this accounting trend allows establishing the business in work resources. This way, outsourcing lets companies focus more on their limited resources, increasing profitability. It also saves them employment costs like payroll, taxation, salaries, benefits, and training expenses. Hence, outsourcing accounting functions is becoming a popular strategy among many companies.

Focus on Cloud-Based Accounting

A survey stated that around 67% of accountants now believe that cloud technology can make their roles easier.

A cloud-based accounting system gives companies access to their systems at any time. The software provides features that track inventory, sales, and expenses, which help create an accurate report. These reports help business owners to plan future strategies to achieve maximum benefits. As a result, it transfers more and more business owners to these new accounting and finance trends.

Focus on Data Analytics

In the present business environment, effective data analysis is key to success. Every business accountant knows how to work with data to make strategic business decisions and meet the business demands. This way, the accounting industry’s focus on data analytics. It leads them towards more efficient management of the accounting process. This way, it tracks & improves performance, identify & manage risks, and finally enhance the customer experience with the business.

Focus on Remote Work Setting

As in 2020, we have seen the value of remote working patterns. Now, more and more businesses are accepting the trend of allowing them to engage in remote work as a result of this. They are allowing their employees to work from home regularly. Therefore, it is necessary to accept this changing trend for future aspects. With the emergence of computerized accounting systems, accountants working from home have been able to produce excellent results in their work.

Focus on Blockchain in Accounting

Blockchain is an important accounting technology in this Present business scenario. It effectively manages the business transactions and maintains accurate financial information. The use of blockchain in accounting software gives accountants a seamless accounting ecosystem. It provides clarity of business resources and can dramatically improve efficiency. Thus, it helps organizations to gain transparency on their available resources. And, frees up resources to focus on planning and evaluation rather than record-keeping.

Focus on Use of Social Media

In this modern era, no one can be untouched by the influence of social media. It is available in almost every business sector to make the business more informed and decisive. Any business owner can consider this as an influential sales and branding tool for accountants. Consequently, a compelling social media strategy can achieve business success in business. Therefore, after 2021, new accounting trends are sure to see social media platforms playing a significant role in marketing in the coming year.

Focus on Artificial Intelligence

Artificial intelligence is today’s technology. Each business sector is seeking advice from the trade to make it more efficient. It helps in analyzing large volumes of data at high speeds, as well as generating more accurate data at increased productivity and lower costs. While in accounting, it streamlines administrative tasks and accounting processes in a more planned mode. In this way, it allows business persons/accountants to achieve a new level of efficiency for the workflow.

Focus on Big Data

Big data plays an important role in many business areas. While evaluating its role in accounting, it facilitates businesses with many advanced techniques. It gives accountants an idea about how to make the data collected for your business valuable. And, also gives them a plan to turn it into actionable insights. In this way, with the use of big data, accountants and experts transform critical internal data sets into secure, vigorous, and critical data analysis.

Final Words

We have a lot of current business scenario. It tells us the importance of software and technology and also motivates us to keep updating over time. In this blog, we have learned the upcoming / latest trends of the accounting sector and their uses. This will result in enhanced and effective business decisions and profitable outcomes.

If you’re looking for accounting platforms that fit your budget, you can check out the SWIL India accounting solutions that are more agile and fit for any future challenge.

 

Calculation of machine electricity and power consumption

Historically, horsepower was the first power unit emerged and widely used around the world. In the middle ages, a horse was one of the most important elements of almost every household, that is why starting from the 18th century, with the development of first steam engines, a horsepower was chosen as a great comparative unit of power.

In our times, there are a few types of horsepower are used. In those countries where the Imperial system is practiced, mechanical or imperial horsepower is used, which is approximately equal to 745.7 watts. Electrical horsepower is a unit that is equivalent to 746 watts. It is usually used for rating electric motors and engines. There is also metric horsepower which has been used in Europe since the beginning of the 19th century. It is equivalent to roughly 735.5 watts.

Horsepower to Kilowatts Calculation

1 hp = 33,000 ft·lbf / minutes

1 hp = 33,000 ft·lbf / 60 seconds

1 hp = 550 x 0.3048 x 0.453592376 m·kgf/s

1 hp = 76.04022591264 kgf·m/s

applying gravity constant

1 hp = 745.699872 N·m/s

by definition

1 ft = 0.3048 m

1 lb = 0.453592376 kg

we need kilowatts

1 kW = 1000 W

1 hp = 745.699872 N·m/s · (1/1000)

1 hp = 0.745699872 kW

Hp to kW Conversion Table

HorsepowerKilowattsRounded Kilowatts
1 hp0.745699872 kW1 kW
5 hp3.72849936 kW4 kW
10 hp7.45699872 kW7 kW
15 hp11.18549808 kW11 kW
20 hp14.91399744 kW15 kW
25 hp18.6424968 kW19 kW
30 hp22.37099616 kW22 kW
35 hp26.09949552 kW26 kW
40 hp29.82799488 kW30 kW
45 hp33.55649424 kW34 kW
50 hp37.2849936 kW37 kW
55 hp41.01349296 kW41 kW
60 hp44.74199232 kW45 kW
65 hp48.47049168 kW48 kW
70 hp52.19899104 kW52 kW
75 hp55.9274904 kW56 kW
80 hp59.65598976 kW60 kW
85 hp63.38448912 kW63 kW
90 hp67.11298848 kW67 kW
95 hp70.84148784 kW71 kW
HorsepowerKilowattsRounded Kilowatts
100 hp74.5699872 kW75 kW
105 hp78.29848656 kW78 kW
110 hp82.02698592 kW82 kW
115 hp85.75548528 kW86 kW
120 hp89.48398464 kW89 kW
125 hp93.212484 kW93 kW
130 hp96.94098336 kW97 kW
135 hp100.66948272 kW101 kW
140 hp104.39798208 kW104 kW
145 hp108.12648144 kW108 kW
150 hp111.8549808 kW112 kW
155 hp115.58348016 kW116 kW
160 hp119.31197952 kW119 kW
165 hp123.04047888 kW123 kW
170 hp126.76897824 kW127 kW
175 hp130.4974776 kW130 kW
180 hp134.22597696 kW134 kW
185 hp137.95447632 kW138 kW
190 hp141.68297568 kW142 kW
195 hp145.41147504 kW145 kW
200 hp149.1399744 kW149 kW

once you worked out  your machine’s KW you can easily calculate per day consumption of electricity (KWh*no. of hours machine run time per shift * no of shifts per day*no days factory run in a month)*Electricity charges per KWH (unit)

you will get your machine’s electricity consumption cost which will be very helpful in determination of costing of products.

Insurance Letter TDL in Tally ERP

Insurance letter TDL : This coding to be copied in text file and place in Tally or any folder
Step 1. Go to Gateway of Tally.
Step 2. Then Press Ctrl+Alt+T button
Step 3. Now Press F4 Button or Click on “Manage Local TDL” button
Step 4. Now do “Yes” to “Load TDL Files on Startup” option
Step 5. Now in the next line “List of TDL Files to preload on Startup” Enter the TDL File Path or Location Like “C:\Tally.Erp9\indurance.tdl”
Step 6. Now save the settings
Be sure to take your Tally Data Backup before doing any Tdl work

;;——————————————–

[#Form : Sales Color]
;Delete:Print
Add : Print : Ins Fwd Letter

[Report : Ins Fwd Letter]
Object : Voucher
Form : Ins Fwd Letter
PrintSet : Report Title : “Forwarding Letter”
PrintSet : Report SubTitle : “Forwarding Letter”

[Form : Ins Fwd Letter]
Part : Ins Fwd Letter Company Name,Ins Fwd Letter Address Part,Ins Fwd Letter Details Part,Ins Fwd Letter Matter Part,+
Ins Fwd Letter Entries Part,Ins Fwd Letter Bottom Part
Height : 100% Page
Width : 100% Page

Space Top   : if $$InPrintMode then ##SVSpaceTop  else 0.05 inches
Space Bottom: if $$InPrintMode then 0.5  else 0    inches
Space Left  : if $$InPrintMode AND $$InPixelMode then 0.5  else 0 inches
Space Right : if $$InPrintMode AND $$InPixelMode then 0.25 else 0 inches    

[Part : Ins Fwd Letter Company Name]
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;; Height : 8% Page
Width : 100% Page
Border : Thin Bottom

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        Use     : Name Field
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        Use : Name Field
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[Line   : Ins Fwd Letter Dear Line]
    Field   : Ins Fwd Letter Dear Line
    Height  : 3% Page

    [Field  : Ins Fwd Letter Dear Line]
        Use : Name Field
        Set as  : "Dear Sir,"
        Width   : 100% Page
        Style   : Normal

[Line   : Ins Fwd Letter We Line]
    Field   : Ins Fwd Letter We Line
    Height  : 3% Page

    [Field  : Ins Fwd Letter We Line]
        Use : Name Field
        Set as  : @@VCSInsFWQtyA + @@VCSInsFWQty + @@VCSInsFWQtyB
        Width   : 100% Page
        Style   : Normal

[Part : Ins Fwd Letter Entries Part]
Line : Ins Fwd Letter Entries Title Line,Ins Fwd Letter Entries Line
Height : 15% Page
Width : 100% Page

[Line   : Ins Fwd Letter Entries Title Line]
    Field   : Ins Fwd Letter Invoice No,Ins Fwd Letter Date,Ins Fwd Letter Amount,Ins Fwd Letter LR No,+
              Ins Fwd Letter Name of TransPort

    Border  : Thin Bottom 

    Local   : Field : Ins Fwd Letter Invoice No         : Set as    : $$Upper:"Invoice No."
    Local   : Field : Ins Fwd Letter Date                   : Set as    : $$Upper:"Date"
    Local   : Field : Ins Fwd Letter Amount             : Set as    : $$Upper:"Amounting"
    Local   : Field : Ins Fwd Letter LR No              : Set as    : $$Upper:"LR No."
    Local   : Field : Ins Fwd Letter Name of TransPort  : Set as    : $$Upper:"Destination"
    Local   : Field : Default   : Style : Normal Bold




[Line   : Ins Fwd Letter Entries Line]
    Field   : Ins Fwd Letter Invoice No,Ins Fwd Letter Date,Ins Fwd Letter Amount,Ins Fwd Letter LR No,+
              Ins Fwd Letter Name of TransPort


    [Field  : Ins Fwd Letter Invoice No]
        Use : Name Field
        Set as  : $VoucherNumber
        Width   : 20% Page
        Style   : Normal

    [Field  : Ins Fwd Letter Date]
        Use     : Name Field
        Set as  : $Date
        Width   : 20% Page
        Style   : Normal

    [Field  : Ins Fwd Letter Amount]
        Use :Name Field
        Set as  : $Amount
        Width   : 20% Page
        Style   : Normal

    [Field  : Ins Fwd Letter LR No]
        Use : Name Field
        Set as  : $EILRNO
        Width   : 20% Page
        Style   : Normal

    [Field  : Ins Fwd Letter Name of TransPort]
        Use : Name Field
        Set as  : $BasicFinalDestination
        Width   : 20% Page
        Style   : Normal

[Part : Ins Fwd Letter Bottom Part]
Line : Ins Fwd Letter Kindly,Ins Fwd Letter Thank You,Ins Fwd Letter Yours,Ins Fwd Letter For
Bottom Line : Ins Fwd Letter Authorised

Height  : 15% Page
Width   : 100% Page

[Line   : Ins Fwd Letter Kindly]
    Field   : Ins Fwd Letter Kindly
    Height  : 3% Page

    [Field  : Ins Fwd Letter Kindly]
        Use : Name Field
        Set as  : "Kindly confirm receipt at the earliest please."
        Width   : 100% Page
        Style   : Normal

[Line   : Ins Fwd Letter Thank You]
    Field   : Ins Fwd Letter Thank You
    Height  : 3% Page

    [Field  : Ins Fwd Letter Thank You]
        Use : Name Field
        Set as  : "Thanking You,"
        Width   : 100% Page
        Style   : Normal

[Line   : Ins Fwd Letter Yours]
    Field   : Ins Fwd Letter Yours
    Height  : 3% Page

    [Field  : Ins Fwd Letter Yours]
        Use : Name Field
        Set as  : "Yours truly"
        Width   : 100% Page
        Style   : Normal

[Line   : Ins Fwd Letter For]
    Field   : Ins Fwd Letter For,Ins Fwd Company Name
    Height  : 3% Page

    [Field  : Ins Fwd Letter For]
        Use : Name Field
        Set as  : "For :"
        Width   : 5% Page
        Align   : Left

    [Field  : Ins Fwd Company Name]
        Use : Name Field
        Set as  : $$CurrentCompany
        Width   : 95% Page
        Align   : Left

[Line   : Ins Fwd Letter Authorised]
    Field   : Ins Fwd Letter Authorised,Ins Fwd Letter Encl
    ;;Height    : 5% Page

    [Field  : Ins Fwd Letter Authorised]
        Use : Name Field
        Set as  : "Authorised Signatory"
        Width   : 70% Page

    [Field  : Ins Fwd Letter Encl]
        Use : Name Field
        Set as  : "Encl. :  "
        Width   : 30% Page

[System : Formula]
VCSInsFWQty : $$STring:@@VCSInsFWQtyC
VCSInsFWQtyC : ($$CollQtyTotal:InventoryEntries:$BilledQty)
VCSInsFWQtyA : “We have Despatched “
VCSInsFWQtyB : ” Granite / Marble / Engg. Stone / Nano Slab / __ to you as per particulars below :”

Tds On Cash Withdrawals

0

In the Finance Budget, 2019, it was proposed to levy TDS of 2% on cash withdrawals exceeding Rs.1 crore annually by a person from a bank account or co-operative bank or post office.

It was proposed that the threshold limit of Rs.1 crore shall be seen account-wise.  Hence, if a person is having more than one bank account with a bank, then the threshold limit of Rs.1 crore shall be considered separately for each bank account.However, the Finance Act, 2019 as passed in the Lok Sabha has substituted the words ‘from an account’ to ‘from one or more accounts’.  Thus, now for the purpose of calculation of threshold limit of Rs.1 crore, the aggregate amount of cash withdrawn during the previous year from one or more accounts maintained with a bank shall be considered, i.e., the threshold limit of Rs.1 crore shall now be seen bank-wise.

Format of declaration for creation of HUF

0

DECLARATION

I, ________________ son of __________________ residing at ______________________ aged ___Adult do hereby declare-

  1. That I am Karta of ___________________________________________ .
  • That I received on behalf of the H U F gift of Rs. ___________ by way of CASH/CHEAUE from my FATHER/MOTHER ___________________________(name of relative of karta of HUF) on dt.  _______________ this formed the corpus of the HUF.
  • That the HUF at present is consisting of the followings members
  1. Shri _____________________, Adult, Residing at _________________
    1. Smt. _____________________, Adult, Residing at _________________
    1. Kumari _________________-Minor, Residing at ___________________
  • That the above statements are true to the best of my knowledge & belief. Declare this on ______Day  ________of _______

For __________________ HUF

KARTA

WITNESS:

  1. ————————————–   (_____________________)
  • ————————————–   (_____________________)

Online Tds Payment Process

0

Online Tds Payment Process

FIRST ENTER TO

https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

          ↓

  
CHALLAN NO./ITNS 281 (Tax Deducted at Source / Tax Collected at Source (TDS/TCS) from corporates or non-corporates)

          ↓

Select the Payment (Company Deductee(020) or Non company Deductee (021))

          ↓

TAX DEDUCTION ACCOUNT NUMBER (TAN NO. EXAMPLE(SRTR04580N)

          ↓

SELECT THE ASSESSMENT YEAR (NOT TO F.Y.)

          ↓

ENTER THE ADDRESS DETAILS

          ↓

SELECT THE TYPES OF PAYMENT IF NORMAL PAYMENT CLICK ON 

 (200)TDS/TCS OTHERWISE SELECT THE (400) ASSESSMENT TAX

          ↓

NATURE OF PAYMENT (Like a Contractors Payment (94C),TDS INTEREST (94I),PROFESSIONAL TAX (94J) OR ETC.)

          ↓

SELECT MODE OF PAYMENT

          ↓

ENTER THE CAPTCHA

          ↓

PROCEED

          ↓

CHECK THE CHALLAN 

          ↓

PAY NOW

          ↓

ENTER USER NAME & PASSWORD