EDC WELCOMES ALL GOVERNMENT OFFICIALS FOR A MEETING RELATED TO LAND ACQUISITION DEPOSITS.

EDCEDC

WELCOMES ALL GOVERNMENT WELCOMES ALL GOVERNMENT OFFICIALS FOR A MEETING OFFICIALS FOR A MEETING

RELATED TORELATED TO

LAND ACQUISITION DEPOSITS

EDC LIMITED IS A STATE LEVEL INVESTMENT & FINANCIAL CORPORATION BY GOVERNMENT OF GOA IN 1975 UNDER COMPANIES ACT 1956.FUNCTIONING UNDER COMPANIES ACT AND OTHER REGULATIONS.ACTIVITIES : TERM LENDING TO SME/GOVT.DEPT.

CMRY SCHEME INFRASTUCTURE FINANCE SUBSIDIARY OPERATIONS HOUSING AND VEHICLE SCHEMES PATTO COMPLEX TRAINING CENTRE FOR EMPOWERMENT AND EXCELLENCE SUBSIDY SCHEMES LAND ACQUISITION DEPOSITS

LAND ACQUISITIONCELL

Beneficiaries

Income Tax Dept.

RECEIPT

DEPOSIT

REQUEST LETTER

CHEQUES

RECE

IPT

WIT

H F

ILE

STAT

US

TDS

PAYMEN

T

DEPARTMENTS

Project Name - Amount in Covering letter with MICR cheque in favour of “ EDC LIMITED “EDC Receipt with codeConsolidated Cheques – Breakup of Amounts – Project wiseNo revision/modulation of Project Name.Dept. Name & Address correctly mentioned.Transfer of Project to other Dept. – Inform EDCDeposit of Additional Amount – Inform EDC with EDC Code & Project Name.Identify duplication of amount deposited/clubbing of projects. Reconcile balance on 31st March every year and reply to EDC balance confirmation lettersInterest paid to GoG.

TALUKA WISE CODE

A Bardez

B Pernem

D Salcette

F Tiswadi

H Sattari

J Bicholim

K Marmagoa

L Sanguem

N Quepem

O Ponda

Q Canacona

S School Playgrounds

0 8 3 F 0 2 3

DEPT. SR. NO.DEPT. SR. NO. TALUKA WISE SR.NO.TALUKA WISE SR.NO.

Receipt with file, etc.Complete process of land Acquisition- Order/AdvertisementDetails of cheques withdrawn/Amount paid/ Amount unpaid.Reconciliation of balance – Project wiseOn completion of project – Obtain refund from EDC if any. Income tax matter – Obtain PAN Card copy/ I.T.process to be set.

Letters with Names/Amount with TDS

Letters to be Inward/outward – No bearers

Cheque Validity – 6 Months

Cheque cancelled – Inward - Acknowledgement

Receipt - Mention Opening/Closing balance alongwith Project name & EDC Code.

Mention correct Names/Amount

Cheque issued in 7 working days

Cheque withdrawal by Bearer.Drawal of unsure payments.Modulation of Project Project Names (mention EDC Code)Expedition of cheque drawal (results in mistakes)

Section 194 LA, Payments greater than Rs.1.00 lakh per year. TDS on 10% on amount paidObtain PAN of payee.Pay TDS online as per required form / process.File returns as required by I. T. Act.Issue TDS Certificates to payees.