Showing posts from October, 2019

Why Statutory Compliance is Crucial for Businesses in India

Right from small  to large organization the main and important aspect required is human resource that is manpower,employees, to run the functions of an organization planning to controlling to fulfil various aims and projects and for companies smooth administration with some facts,norms,philosophies,ethics rules and regulations set by company which is to be followed by company and for finance ,this can be said as statutory compliance  Need of Statutory Compliance 1.It is very important to understand the different labour and taxation laws in india to keep any alignment with any changes which is to be registered,as it is unpredictable and keep on changing dynamic in nature. 2.It is related to various labour and taxation law frequent in  india, this law may be get changed in state and national level so it is compulsory to obey by all the companies, violation of this may put company in serious legal problem such as penalties, fines so on,, this is the reason company should