Mr MLGupta lifetime achievement Award

Category Archives: Recent News

Stage wise WIP in Corrugation Industry in ERP

https://youtu.be/JV2OJZxkje8

In this demo we are explaining how the stage wise mapping helps you get more output from the same machines. with lower machine setup time on every job change.

Setting standard cycle time per 1000 boxes for corrugator, Board Printer, Folder Gluer, and even Sorting & Packing.

This leads to automatic calculation of Machine Loading Plan & time really required.

👏👏👏

 

So, a very systematic organised production planning

Sino Corrugated South 2020, China

Few weeks, few days to go for Sino Corrugated South… amongst the largest annual International Exhibition on Packaging industry. 📦📦📦.

This time we are one of the only 3 companies from India. (Amongst 700 Global exhibitors).

🇮🇳 Pride to represent our country… at China..🇮🇳

Events

www.finsys.co.in/events for last exhibitions at Guang Dong, China. Stall # 2C-460. Dates 10-11-12 April  2018, at GuangDong, China.

 

  • India Corr Expo 2019 Delhi. Proud to welcome you there. …
  • Sino Corrugated 2019 Shanghai. …
  • India Rubber Expo 2019. …
  • India Corr Expo 2018. …
  • Label expo India 2018 – Finsys ERP Software. …
  • Sino Corrugated 2018. …
  • Auto Expo 2018. …
  • India Rubber Expo 2017.

80G Donation cannot be given in Salary TDS calculations

Deduction U/s 80 G by Employer.  *TDS Salaries*.

Do you know that as employer *you cannot allow* 80-G, Donation deduction to your employees.

And if you do…. and you are caught….. you are liable for payment of that much TDS + intt + penalties.

_Source:_

CBDT vide its CIRCULAR NO.1/2010 F.No.275/192/2009IT(B)]dt. 11/01/2010 says while deducting income tax at source from salary the employer need not consider 80G payment of employee.

Extract is given below:

“G. Section 80G provides for deductions on account of donation made to various funds , charitable organizations etc.

Generally no deduction should be allowed by the D.D.O. from the salary income in respect of any donations made for charitable purposes.

The tax relief on such donations as admissible under section 80G of the Act, will have to be claimed by the tax payer in the return of income.

However in cases where employees make donations to the Prime Minister’ National Relief Fund, the Chief Minister’s Relief Fund through their respective employers, it is not possible for such funds to issue

separate certificate to every  donations as indicated above will be admissible under section 80G on the basis of employers certificate….. Circular No.2/2005, dated 12-1-2005.”