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ACCOUNTS DIVISION:

The Accounts Division of ITG is headed by Dy. Manager (Accts & Admn) who is the overall in-charge of Accounts Division. Almost all activities / functions of the Accounts Division are performed through Managing Director.

The reporting of division is as follows:



SCOPE - ACCOUNTS

  • Keeping the Books of Accounts with applicable accounting principles in India, the Accounting Standards issued by the Institute of Chartered Accountants of India and relevant provisions of the Companies Act, 1956.
  • To maintain various registers required under various laws / Acts like Companies Act, 1956, Income Tax Act, 1961 etc.
  • Financial management and control to ensure no financial irregularity in the transactions.
  • Statutory compliances and Tax matters.
  • Investment of surplus funds in short/long term deposits.
  • Bank Liason work.
  • Collection and deposit of receipts and maintenance of proper check on Recovery of Loans and advances, Lease rent, Premium on plots, Installments under deferred payment option, Interest etc.
  • To monitor Bank Guarantees.
  • Scrutiny of accounts.
  • Control over payments as per schedule/terms of contract.
  • Coordination/Compliance with Statutory, Internal & CAG Audit.
  • Payment of employees deferred benefits like Provident Fund, Group Gratuity, LIC, Bonus/Ex-Gratia etc.