Legal Compliances Of India
In India there is too many issues regarding understanding of legal compliances on Industry and on human beings. But it is very simple to understand. There are five types of board categories that covers legal compliances.
1. For Corporate - it includes (a). Incorporation of company and (b). Limited liability partnership. - Company Act, 1956.
2. Taxes & Duties - it includes (a). Taxes on Income - liability is on assesses. (b). Indirect taxes - liability is on goods usage.
3. Labour & Workman - it includes (a). Central Law and (b). State Law.
4. General Compliances on the basis of assesses.
5. Environment - Unsafe pollution of Air, Water , Land.
What to be included in above areas are presented in enclosed file. Check.
-
Shami Kant Bhardwaj commented
For any clarification of accounting and legal liability of compliances, - comment or suggest to make more simple to understandable.