VGNC

 For any Financial year, 31 st July is the due date for filing income tax for everyone, No doubt, filling an income tax return is not at all the easiest task in India as the whole system is undergoing changes in the digitized era. In this transitional stage where economic reforms are being carried on looking at the national and international scenario, every responsible citizen has to be aware of some necessary areas which are pivotal to filing an income tax return. Linking Aadhar number to Income Tax :  The finance Act 2017 makes it mandatory for every citizen to quote Addhar while filling incoming tax returns.  Thus it has become necessary to link Aadhar with your Permanent Account Number (PAN). Users simply need to visit www.incometaxindiafiling.gov.in and have to click on the link Aadhar tab.  The link will be verified after confirmation from UIDAI authorities.  Those who do not have Aadhar, have to apply for it immediately and quote the provisional number...

  Good and Services Tax or GST replaced most of the indirect taxes (such as VAT, Excise and Service tax) in 2017. Not only is it newly introduced, but also has been updated many times. It’s time to file GST returns. But filing return can be an uphill task due to confusion regarding rules. Do want hassle-free and easy GST compliance? It is time to reach out reliable  GST auditing services in Delhi NCR . VGNC  is a leading GST audit and account service in Delhi NCR offering GST solutions that meet the needs of your business. We have a skilled and experienced team of experts who pragmatically deliver our GST audit and annual returns solutions. Our experts keep pace with all the latest GST updates. Being renowned a  GST audit company in Delhi NCR , we incorporate proficiency in industry operation and tax filing to offer reliable  GST audit services.  We combine the latest resources to you meet your GST compliance on time by maintaining the mandatory standard of...

  WHAT IS INTERNAL AUDIT? Internal audit is an independent, objective assurance and consulting activity designed to add value to and improve an organization’s operations. The role of this audit is to provide independent assurance that an organisation’s risk management, governance and internal control processes are operating effectively. An internal audit may be used to assess an organization’s performance or the execution of a process against a number of standards, policies, metrics, or regulations. Internal audits  may include examining a business’s internal controls around corporate governance, accounting, financial reporting, and IT general controls. Auditors may cover all areas of an organization or specialize based on their skill-sets. In simple words we can say Internal audits evaluate a company’s internal controls. WHAT ARE THE TYPES OF INTERNAL AUDITS? Some types are: Compliance Audit IT Audit Operation Audit Performance Audit This allows the company’s Board and manage...

  Need of Stock Audit – How VGNC Can Help You? Monitoring stocks can be a tough task for all businesses whether it’s small, medium, or large. Being in the industry for several years, VGNC –  audit firm in Delhi NCR  understand the importance of inventory control to manage the supply chain for retail businesses, and therefore, we help our clients to maintain sustainable inventory by conferring better  audit experiences .  We have a team of experts with years of experience in  inventory audit  and their management.  At VGNC, we follow a defined procedure to make sure that the accuracy is maintained between stock records and  physical stock . Following are a few reasons that highlight the facts why retail businesses need to perform a stock audit, Stock Audit  done by experts helps in identifying faults in the current inventory management system. Ensure that businesses are running seamlessly as per the available information, which in turn he...

  Choose VGNC for Physical Verification Audit in Delhi NCR Stock audit / inventory audit is a systematic process of ver ifying that financial records of a business match with their physical inventory updates. The physical verification audit’s main objective is to ensure the company’s capital is invested correctly, and records about the inventory match the existing assets. Auditing stock doesn’t only verify the quantity of stock available but also ensure that stock quality is maintained as per the financial records and statements.  Being one of the reliable names for endowing trustworthy physical verification audit in Delhi NCR, our primary focus is on verifying the company’s assets employing an efficient process that reduces the frequency, length, and complexity of  physical audits.  Importance of Physical Verification Audit  The physical audit is essential to maintain transparency in the business flow. Without a clear picture of your inventory and its sta...

  What is Stock Audit & Why Businesses Need It? An inventory audit/ stock audit  is an analytical procedure that helps businesses to have a clear picture of synchronization between financial and inventory records. The main purpose of performing the stock audit is to avail accurate updates on the inventory in order to avoid stock-out circumstances. An inventory audit is more than a necessity for the re tail industry nowadays —it is a proven method to find out the current state of stocks, provide an insight to identify any scarcity, and also helps in ensuring that you’ll always have sufficient stocks at any time. Why Business Need to Perform Stock Audit? When it comes to selling goods, businesses prefer auditing their stocks on time- whether it’s for tax purposes or just to get an idea about the number of units on hand. Stock Audit is always more than a necessity for retail businesses. We understand the importance of inventory for a business, and therefore, we help them main...

  In a judgment given by National Company Law Appellate Tribunal ( NCLAT ) on 5 th   of Nov, 2019, in the case of ‘Hemang Phophalia v. The Greater Bombay Co-operative Bank Ltd & Anr’, NCLAT dealt with an issue that whether Insolvency Proceedings can be initiated if a Debtor Company is struck-off by ROC and is considered dissolved as per sec. 248(5) of the Companies Act, 2013. In order to understand the  legal viability  of initiating CIRP (Corporate Insolvency Resolution Process) against a Corporate Debtor when it has been struck-off by ROC, we need to understand the effects of striking-off the company in terms of Sec. 250 of the Companies Act, 2013. It explains that when company is struck-off it is considered having ceased to operate except for the purpose of realizing the amount due to the company and for the payment or discharge of the liabilities or obligations of the company. Hence it is clear that for realizing any amount from or by such Company, the compan...

  Need of Stock Audit – How VGNC Can Help You? Monitoring stocks can be a tough task for all businesses whether it’s small, medium, or large. Being in the industry for several years, VGNC –  audit firm in Delhi NCR  understand the importance of inventory control to manage the supply chain for retail businesses, and therefore, we help our clients to maintain sustainable inventory by conferring better  audit experiences .  We have a team of experts with years of experience in  inventory audit  and their management.  At VGNC, we follow a defined procedure to make sure that the accuracy is maintained between stock records and  physical stock . Following are a few reasons that highlight the facts why retail businesses need to perform a stock audit, Stock Audit  done by experts helps in identifying faults in the current inventory management system. Ensure that businesses are running seamlessly as per the available information, which in turn he...

  FORENSIC AUDITOR IN DELHI NCR | FORENSIC AUDITOR IN BANGALORE November 16, 2020   6:37 Am By adminvgnc In Audit Indian Business dynamics are changing at an exponential rate. Operating in complex Indian market can become complicated at any time.  Forensic auditor in Delhi NCR  helps your business gather evidence to uncover the truth in case of issues through systematic auditing methods VGNC   is a leading forensic auditing company in Delhi NCR with requires knowledge and experience to identify and resolve accounting frauds. We offer investigative and analytical services that are diligently designed to meet our clients that include law firms, insurance companies, financial institutions, private companies, equity firms, SMEs, corporate counsel and startups. Our team of forensic accounts and fraud examination experts have worked with a wide number of clients eliminate any glitches to function smoothly. How VGNC Helps You? At VGNC, we have a strong team of trained,...