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Stock Audit Consulting Service in Automotive Industry in India
The automotive industry is a big part of our society today. It includes lots of different companies making cars, parts, and selling them. They make everything from fast sports cars to safe family cars. But there's a lot of work behind the scenes to manage all the cars and parts. Stock audits are really important in this industry. They help make sure everything runs smoothly and everyone knows what's going on. In this blog, we'll look at why stock audits are so crucial in the car world and how they keep things efficient and clear.
Process of conducting stock audit in automotive industry
Preparation of audit
Verification and Physical Count
Documentation
Analyzing and Reporting
Challenges faced during stock audit in automotive industry
Complex Supply Chains
High Volume and Variety
Part Serialization and Tracking
Rapid Technology Change
#AutoStockAudit#AutomotiveAudit#StockAuditAuto#InventoryCheck#AutomotiveInventory#StockManagement#AutoIndustryAudit#SupplyChainAudit#AuditInAutomotive#VehicleStockAudit
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ITR Filing For Professionals | Bizfoc
Professionals in India need to file their Income Tax Return (ITR), which means they have to submit a form to declare their income to the government. This is required if their total yearly income goes beyond the basic exemption limit, which is currently set at 3 lakh rupees.
Penalties for Non-Filing Income Tax Returns in India are as follow:
Late Filing Charges
Interest on Outstanding Taxes
Legal Action and Imprisonment
Forfeiture of Deductions
Impact on Credit Rating
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