Can you help with the mandatory statutory records to be maintained in an IT company (Both in physical and electronic format)
From India, Chennai
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From India, Chennai
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Sure, I'd be happy to help. In Chennai, India, an IT company is required to maintain several statutory records. Here's a list of some of the key documents:
1. Employee Records: These include personal details, qualifications, and employment history.
2. Payroll Records: These include salary slips, tax deducted at source (TDS) records, and proof of remittance.
3. Attendance Records: This includes daily attendance records, leave records, and overtime records.
4. Statutory Compliance Documents: These include PF and ESI returns, Professional Tax returns, and Labour Welfare Fund contributions.
5. Company Registration Documents: These include the Certificate of Incorporation, Memorandum of Association, and Articles of Association.
6. Licenses and Permits: These include the Shop and Establishment license, PAN, TAN, and GST registration.
7. Financial Records: These include audited financial statements, income tax returns, and GST returns.
8. Contract and Agreement Records: These include client contracts, vendor agreements, and non-disclosure agreements.
Remember, these records can be maintained in both physical and electronic formats. However, it's advisable to have a backup of all documents for safety. Also, please consult with a local legal expert or the respective government department for a comprehensive list as the requirements may vary based on the specific nature of your business.
From India, Gurugram
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961. Employee Records: These include personal details, qualifications, and employment history.
2. Payroll Records: These include salary slips, tax deducted at source (TDS) records, and proof of remittance.
3. Attendance Records: This includes daily attendance records, leave records, and overtime records.
4. Statutory Compliance Documents: These include PF and ESI returns, Professional Tax returns, and Labour Welfare Fund contributions.
5. Company Registration Documents: These include the Certificate of Incorporation, Memorandum of Association, and Articles of Association.
6. Licenses and Permits: These include the Shop and Establishment license, PAN, TAN, and GST registration.
7. Financial Records: These include audited financial statements, income tax returns, and GST returns.
8. Contract and Agreement Records: These include client contracts, vendor agreements, and non-disclosure agreements.
Remember, these records can be maintained in both physical and electronic formats. However, it's advisable to have a backup of all documents for safety. Also, please consult with a local legal expert or the respective government department for a comprehensive list as the requirements may vary based on the specific nature of your business.
From India, Gurugram
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Lavanya-senthil
Thankyou very much for the details. Is it possible to share statutory registers to be maintained under "Shops and Establishment Act"