Investment with insurance

Every one who invest in insurance scheme will be under the impression that he will get following benefit:

1.Securing his family in case of his absence.
2.Covering the risk.
3.Investment cum risk cover.
4.Deduction under section 80C to save tax.

Some will always say insurance willnot yield anything to me as it is long term and meant for his nominee and turn a deaf ear for it.

But But there is a way where one can think of investing his money with life cover which comes handly with Metlife insurance policy plan name called "Met growth super" (A Unit-Linked Endowment Plan) where in one can enjoy the benefit of market plus can invest systemtically every month and it is unit linked plan. As we invest every month a small amount which starts with just Rs.2000 we have covered the risk of market volatality.

Some of the key benefits of this scheme are:

• An investment solution to helps you achieve your accumulation goals systematically.
• Optimize your returns on investment through combination of investment options
• Flexibility of partial withdrawals allows sudden cash requirements not become burdensome.
• Increase potential for fund build‐up – 105% ‐ 120% of first year premium contribution added as
• a guaranteed loyalty addition
• Flexibility of partial withdrawals allows sudden cash requirements not become burdensome
• Easy liquidity in case financial emergencies or otherwise as 2 partial withdrawals free of cost after the third year
• 12 free switches in a year
• Accidental Death Benefit and Critical Illness RiderTax saving on investments.
• Remain invested in best asset class as per changing markets.
• Option to Switch across funds helps dilute the repercussions of market downturns.

if some one interested and wish to know they can feel free to mail at at cosmicsanthosh@gmail.com or call Mr. Kumar .S (09902977233)

Formation of Private Limited company in india

After getting compnay incorporated as Private limited and obtaining certificate of incorporation one has to undertake the following statutory requirement completed.

• Obtaining the PAN : Permanent Account Number: Submit an application in the specified form
• Submit an application in the specified form - form no. 49B to the Assistant Commissioner of Income tax (TDS) to obtain tax deduction account number under section 203 A of the Income Tax Act, 1961. Needed for to compliance with statutory obligations regarding deduction and remittance of
  withholding tax (Tax deduction at source) on various payments like salaries,rent, professional charges, payment to contractors, interest, dividends etc.
•  Registration Under Shops and Commercial Establishment Act Submit an application in the specified form - form ‘A’- to the concerned authority to obtain registration under Karnataka Shops & Commercial Establishment Act.
• Registration under Professional Tax – Employees & Employers submit an application in specified forms - form 1 and form 2 - to the jurisdictional Professional Tax Officer to obtain registration under the Karnataka Tax on the Professions, Traders, Callings and Employment Act, 1976 both as a business entity and as an employer.
• Registration under the CST and Karnataka VAT submit an application in specified forms -form A and form 1- to the jurisdictional Commercial Tax Officer to obtain registration - under The Central Sales Tax (Registration & Turnover) Rules, 1957 and Karnataka Value Added Tax Rules.
• Obtaining the Import Export Code Obtain the code from the Directorate General Foreign Trade: Submit an application in the specified form - Appendix I- to The Joint Director General of Foreign Trade (“DGFT”) to obtain the Importer / Exporter Code needed for import and export transactions.

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