Entrepreneur says, “If I had to pay taxes than I would not hire Chartered Accountant and if I had to pay PF, Gratuity, etc than I would not hire Personnel (HR) Manager”.
Acknowledge(0)
Amend(0)
6Acknowledge(0)Amend(0)
If at all he is not hiring a Chartered Accountant, then let him not. Who will account for the expenditure as per the Accounting Standards? The roles of CAs are advising the management about the proper accounting policies, ensuring the books of accounts are maintained in proper headings, advising the management on the applicable taxes to the organization, and how much, etc.
It is his responsibility to advise the management on where to invest the surplus funds and the means of borrowings if required. The Personnel (HR) Manager is not a person to evade compliance such as ESI, PF, PT, gratuity, etc. It is his responsibility to ensure compliance with the rules applicable under the respective acts, ensuring the organization is functioning without any external issues from the government. Ensure the requirements related to safety, pollution, etc. Ensure that the employees are happy without any internal disturbances, etc. If an entrepreneur doesn't want to comply with the set rules by the respective governments, let him/her not run any business.
From India, Bangalore
Acknowledge(0)Amend(0)
It is his responsibility to advise the management on where to invest the surplus funds and the means of borrowings if required. The Personnel (HR) Manager is not a person to evade compliance such as ESI, PF, PT, gratuity, etc. It is his responsibility to ensure compliance with the rules applicable under the respective acts, ensuring the organization is functioning without any external issues from the government. Ensure the requirements related to safety, pollution, etc. Ensure that the employees are happy without any internal disturbances, etc. If an entrepreneur doesn't want to comply with the set rules by the respective governments, let him/her not run any business.
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Krunaly,
I do not know out of what context you have written this statement and whether it merits any replies. Are the Chartered Accountants and HR Professionals a substitute for the payment of taxes and social security respectively? Does he want to evade payment of both? Payment of taxes or PF/ESI is compulsory, and there is no option to it. Though the statement is absolutely absurd, you may explain the context behind it.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)
I do not know out of what context you have written this statement and whether it merits any replies. Are the Chartered Accountants and HR Professionals a substitute for the payment of taxes and social security respectively? Does he want to evade payment of both? Payment of taxes or PF/ESI is compulsory, and there is no option to it. Though the statement is absolutely absurd, you may explain the context behind it.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)
For a "petti kadai," nothing is required. When learned, running a business that is entirely different. When learned naturally, brought up in a good context, they know what society is, who the mantris are. Painfully, half-baked and half-cocked running the business, and these kinds of questions arise...
From India, Arcot
Acknowledge(0)Amend(0)
From India, Arcot
Acknowledge(0)Amend(0)
Well, I am not an expert, but still, from what I have seen in the private sector, I am sharing my views. It can be frustrating when one has a competent team but still needs to pay penalties, late charges, or a bribe to get work done (such as inspection/treatment of a worker in ESIC/withdrawal of PF). In our system, even if you are following the norms as per law correctly, you may still have to resort to bribery, which is truly disheartening. I just wanted to express my views and never intended to offend anyone.
I love my country, and I am against bribery, but sometimes one feels compelled to navigate through the system to survive.
Thanks
From India, New Delhi
Acknowledge(0)Amend(0)
I love my country, and I am against bribery, but sometimes one feels compelled to navigate through the system to survive.
Thanks
From India, New Delhi
Acknowledge(0)Amend(0)
Dear friend,
It is not fate; it is the way pests intrude into our society. We cannot correct this; we are bound to live with it. To make progress, we must first accept things as they are and not involve ourselves beyond limits. The corrupt manipulate the system, and anyone we have as an employee may be influenced by others. We may not be able to correct this; we may be left with no option but to move on.
We are not fighting others to protect our country; we are left fighting within ourselves for a good cause. Automation of systems will undoubtedly result in a decrease in the workforce. What will people do for their earnings? While software is beneficial, in many areas, our jobs are being taken away. What are we going to do? EPF and ESIC are straightforward matters when everything is well; there is nothing to suffer. So, when you have the potential, work for the good. Sometimes we may have to take routes we dislike, but take those routes for the benefit and welfare of our employees and countrymen.
You are completely right in your question. Have a good day and a beautiful life.
From India, Arcot
Acknowledge(0)Amend(0)
It is not fate; it is the way pests intrude into our society. We cannot correct this; we are bound to live with it. To make progress, we must first accept things as they are and not involve ourselves beyond limits. The corrupt manipulate the system, and anyone we have as an employee may be influenced by others. We may not be able to correct this; we may be left with no option but to move on.
We are not fighting others to protect our country; we are left fighting within ourselves for a good cause. Automation of systems will undoubtedly result in a decrease in the workforce. What will people do for their earnings? While software is beneficial, in many areas, our jobs are being taken away. What are we going to do? EPF and ESIC are straightforward matters when everything is well; there is nothing to suffer. So, when you have the potential, work for the good. Sometimes we may have to take routes we dislike, but take those routes for the benefit and welfare of our employees and countrymen.
You are completely right in your question. Have a good day and a beautiful life.
From India, Arcot
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Latest gujarat 6 pay modified.xls
VARIABLE PAY.doc