Accounts Divsion

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

  1. Maintaining Books of Accounts in accordance with the rules.
  2. Maintaining various registers required under various laws / Acts like Companies Act, 1956, Income Tax Act, 1961 etc.
  3. Financial management and control to ensure no financial irregularity in the transactions. Internal check of transactions affecting the receipts and expenditure.
  4. Statutory compliances and Tax matters.
  5. Borrowings/Term loans.
  6. Investment of surplus funds in short/long term deposits. Management of short term working capital.
  7. 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.
  8. Handling refunds of EMD under e-Tendering of all the Govt. Departments, Corporations, and Boards etc.
  9. To monitor Bank Guarantees.
  10. Scrutiny of accounts.
  11. Control over payments as per schedule/terms of contract.
  12. Liaison and Coordination/Compliance with Statutory, Internal & CAG Audit and Bankers.
  13. Payment of employees deferred benefits like Provident Fund, Group Gratuity, LIC, Bonus/Ex-Gratia etc.