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Compliance check of the Group Gratuity Trust

Brief Overview

It is like a diagnostic check for the trust from all the accounting and compliance aspects.

SCOPE OF WORK

  • Checking the income tax approval of the trust
  • Checking of the trust deed and all deed of variation and ensuring that it is up to date
  • Checking of all nomination related formalities
  • Checking Income Tax return filing Status
  • Checking the last audited financial statements
  • Checking the Filing of Form A and Form L with the controlling authorities
  • Checking whether the abstract of payment of gratuities act is displayed
  • Reviewing of all forms applicable as per trust rules

DOCUMENTS REQUIRED

  • Books of accounts
  • Bank statement of the trust
  • Actuarial valuation report
  • Fund statement of insurance Company
  • Trust master data
  • All the relevant forms

WHY EASY ACCOUNTING

  • Approximately 42,000 employees in the trust advised by us
  • Trusted by more than 100 trusts across India
  • Faster turnaround time for income tax approval
  • One stop solution for the entire process
  • Hassel free experience in the complex process
  • 5+ Years of group gratuity centric experience

TIMELINES

  • Within 10-15 days of receipt of required data

KEY CLIENTELE

  • An American multinational shipping & receiving and supply chain management company
  • Listed Aerospace and defense company
  • Listed subsidiary of the Indian conglomerate providing Satellite Communication Service Provider
  • Listed Multinational Multi-technology automotive components supplier
  • Leading Trade Credit Insurance Adviser
  • One of the biggest listed Rural non-banking financial Company
  • Manufacturer of high-quality reactive dyes
  • Leading logistics service provider
  • Leading American Multi-national construction company with presence in 20 countries
  • World’s leading synthetic rubber company
  • India’s most recognized stationery brand

FAQs

Form A is a notice which it to be submitted by the employer within 30 days of gratuity rules becoming applicable to an organisation.

Nomination is done by the employees through form F.

Yes, income tax approval is required for all deed of variation