SBI sending legal notice to pay my education loan, I am unemployed how to respond?
First Thing I want to insist is Whether you have already informed Your Unemployment status during regular intervals. If you have already done so, You can cite the Same asking the concerned Branch of the bank to restructure Your Loan for 6 months or 1 year. Your EMI will become Higher and No Interest Subsidy will be provided for this period.Now coming to practical reality, Now the account would have become NPA and hence the bank issued a legal notice. As per IRAC Norms of RBI, NPA Loans could not be restructured and made standard in case of Edu Loans. Either You clear the arrears Outstanding in the loan and Ask for restructuring for Remaining Loan Amount. Else you can accept the Legal notice, Visit the court and Commit In the court proceedings.
What services can a Chartered Accountant (CA) offer apart from a traditional audit and tax?
Apart from traditional audit and tax a CA can provide following other service's.CA Could provide Financial Advisory Services which every business needs.CA Could provide Taxation Advisory services be it Direct Taxation or Indirect Taxation.CA Could provide Management Consultancy services to help the company work more effectively and efficiently.CA Could provide Bookkeeping services.CA could provide Internal Audit services to the company.CA Could provide Information Systems audit services to a company.CA Could provide services with regards to adapting to changes according to the new statute. (GST, RERA, etc.)CA Could provide ERP Implementation Services to an IT Company.CA Could provide Sustainable Development Advisory Services.CA Could Provide Due Diligence Services for purpose of Mergers and Acquisitions.CA Could provide legal consultation services to the company of cases like Competition Act, Patent Infringement,etc.CA Could Provide Transaction Advisory Services to the company.CA Could provide Forensic Audit services to the company.CA Could just fill in any position in the company be it Procurement Manager, Chief of Accounts, CEO, CFO, Director, Managing Director, etc.CA Could provide Government, Risk and Compliance Services.CA could provide RBI & FEMA related compliance service's.CA Could arrange for Project Finance when in need.Chartered accountants don't have any limitation to the service which they can offer. They always have something to offer in everything. Just as your body needs a doctor your business needs a CA.There is a saying that, keep your CA Happy and you won’t need to consult your doctor!
How is the life of Excise or Customs Inspectors selected through SSC CGL?
I joined this department in 2016 after resigning from a decent government job expecting some rosy picture about the job but the real picture is completely different. Let me put it this way. Inspectors r entrusted with myriad kinds of works while posted in a range like TRAN- 1 verification, mismatch between GSTR 2A, GSTR 1 and 3B, issuing letters to non filers, arrear recovery, scrutinizing pending ST 3 returns, RFD -01, miscellaneous reports etc. The working environment is flexible and easy and one can get ample amount of time left for having a balanced family life and inculcating some kinds of hobbies.2. It is a sought after post in SSC CGL due to aura of uniform and other perquisites like there's a kind of social acceptance for the said post among our friends and relatives. But be aware that it's only limited upto that and not in the department. Inspectors are perceived to be mundane by their bosses. Whereas 70% of the work is done by inspectors and superintendents but sadly they are like unsung heros of the department. It may sound harsh but reality is that it is one of the departments where there exists a steel iron wall is drawn between bureaucrats and employees.3. As far as the inter Commissionerate transfers are concerned, the department has put a ban on it (even spouse case is not entertained). Once one gets posted somewhere he gets a kind of punishment to live there only, almost till he becomes Group A officer. The discrimination in transfers persists as if inspectors are not human beings.4. The promotion and career avenues for an inspector are also distressing in nature. In short one may end up being frustrated if he is posted far away from home by facing several mental and emotional pressures.5. Keeping all the things aside, if you are clear about the priorities of life and able to fulfill the expectations bestowed on your shoulders then you are a winner.
Should I give a resignation letter if the company has asked me to leave?
It would be ill-advised to send them a resignation letter as that may absolve them from any possible legal action that you might wish to bring against them and it could be used to prevent you from seeking unemployment when you leave. I would strongly suggest that you discuss this matter with an attorney before you take any action going forward.Myself, if I were in this situation, I would consider this to be a termination, I would not provide any letter and I would apply for unemployment as soon as possible. If you don’t have enough credit in the system to get unemployment (most states require at least three quarters of employment with one or more employers, meaning nine months, unless there were extraordinary circumstances) you may not be eligible; but at least you’ll have made the effort.In the future, I would also advise that you carefully listen to what you are told during your interview process. While this startup may be run by incompetent people, it’s probable that you were informed of your need to be flexible and that you were unwilling or unable to do so.