Home | Complete Information on Taxation, GST, GST return filing, Company formation, Public useful information

NCMC -What should you know One Nation One Card?

National Common Mobility Card (NCMC), commonly known as One nation one card is a single card that can be used for doing various transactions. The card was launched by Prime Minister Narendra Modi on 4th March, 2019 at Ahmedabad. This card is supported by Indigenous Automatic Fare Collection System (SWEEKAR) and SWAGAT. The card will benefit millions of travelers in the country. With this facility, India’s dependence on foreign technology will be ended. This card is similar to a debit-credit smart card issued by a bank with some special…

Gratuity – Everything You Need to know about it

Gratuity is a benefit which an employee gets when his employment comes to an end due to the retirement or superannuation. It is an amount as a lump sum payment which is paid by an employer to his employee for his past services rendered for not less than 5 years. The payment of gratuity is a statutory right of the obligation of the employers and a statutory right of the employees as per the payment of Gratuity act, 1972. The condition of completion of 5 years continuous service is however not essential in case of termination of employment…

Public helpful

Public Grievances redressal Mechanism by Goverment of India

This is very good tool which can be called as an ultimate solutions to all public grievances which is not handled satisfactorily or not handled at all here is a solution to it. The Department of Administrative Reforms And Public Grievances is the nodal agency to formulate policy guidelines for citizen-centric governance in the country. Redress of citizens' grievances , being one of the most important initiatives of the department, DAR&PG formulates public grievance redress mechanisms for effective and timely redress / settlement of citizens'…

CA, CMA, CS

UDIN – Everything a CA needs to know

UDIN or unique Document Identification Number is a 15-digits unique no. introduced and developed by Professional Development Committee of the Institute of Chartered Accountants of India which would be generated by the system for every document certified and attested by a practicing Chartered Accountant. UDIN system was implemented by ICAI on a re commendatory basis on 1st July 2018 but in view of the increasing instances of fraud and forgery involving the stamp and signature of Chartered Accountants, ICAI has made it mandatory for all the practicing…

CS, MCA, Public helpful

E-Form ACTIVE – Everything you should know about it

E-Form ACTIVE (Active Company Tagging Identities and Verification) was introduced by the Ministry of Corporate Affairs (MCA) and according to a recent notification of MCA, e-form ACTIVE (INC-22A) must be filed by all the companies whether public, private, Government or One person Company, that was incorporated on or before 31 December, 2017. Due Date to file E-Form ACTIVE: All the companies that pass the eligibility criteria should furnish the particulars and address of the registered office in E-Form ACTIVE before 25 April 2019. In case…

Public helpful

FSSAI - How to Register for it?

What is FSSAI? Food Safety and Standards Authority of India (FSSAI) is an organization established under the Food Safety and Standards Act,2006 to maintain the safety and quality of food items for the benefit of consumers. FSSAI set standards for hygiene and safety to ensure safe and quality food in any food business. FSSAI Registration: FSSAI Registration is a 14-digit registration number printed on food packages. This registration is mandatory for every food business operator involved in any activity related to food items such as processing,…

GST

Details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1

A registered supplier is required to mention the details of inter -State supplies made to unregistered persons, composition taxable persons and UIN holders in Table 3.2 of FORM GSTR-3B. Further, the details of all inter-State supplies made to unregistered persons where the invoice value is up to Rs 2.5 lakhs (rate-wise) are required to be reported in Table 7B of FORM GSTR-1. 2. It has been brought to the notice of the Board that a number of registered persons have not reported the details of inter-State supplies made to unregistered persons…

Public helpful, SEBI

Unified Stamp Duty on Stocks – What you need to know as an Investor

In the latest budget, the Government of India has simplified the stamp duty collection procedure with the introduction of Unified Stamp duty on the stocks. Put it simple, the decision means that all the stock exchanges in the country would not collect the stamp duty at a single rate and the proceeds have to be deposited with the Central Government. Now, the Central Government would divide the proceeds amongst the states as agreed. According to the current structure the stamp duty is collected by the brokers at fixed rates and these rates are…

Income tax

Here is the Revised Income Tax Slab for 2019-20

Income tax slabs are the rates on the basis of which individual taxpayers are required to pay tax to the Government of India. The applicable rates for the relevant assessment year are announced by the finance minister in the interim budget. Likewise, the income tax slab rates for Financial Year 2019-20 and assessment year 2020-21 was announced on 1st Feb 2019 by Mr. Piyush Goyal in the interim budget in the Parliament. The income tax slab rates are directly related to an increase in the income slab. Income tax slab rate for an assessee depends…

Latest News

How to apply for the new Loan under 59 Scheme by the GovernmentNovember 15, 2018 - 5:55 pm
Prime Minister Narendra Modi has announced an ambitious scheme of getting loan up to 1 Crore in just 59 minutes. The scheme has been started for the Micro, small and medium enterprises. Among the 12 schemes that were generated, one that was highlighted was the facility of availing loan under 59 minutes. With this initiative, […]
Class 3 DSC Signature and E-tendering- What you need to knowOctober 13, 2018 - 12:45 pm
Class 3 Digital Signature is used for e-tendering and is considered to be the signature of the highest level. The importance of the Class 3 DSC lies in the fact that it enables safety of the user. An Individual who is applying for tenders through e-tendering route would always want to know that his transactions […]
Here is Why Indian Rupee is Falling Against The U.S. DollarSeptember 4, 2018 - 5:18 pm
The Indian Rupee is not taking halt against US dollar, falling continuously to touch the lifetime low of 71.10 against the greenback. In today’s session, the currency got some relief after the good GDP numbers but failed to sustain and fell to an all time low levels. There are multiple factors behind falling Indian rupee […]
DIR-3 KYC Filing Date Extended – How to file the form?August 29, 2018 - 4:55 pm
The government has extended due date of filing DIR-3 KYC without any late fee till 15th September. As a part of updating the registry, the Ministry of Corporate Affairs as is conducting KYC of all Directors of all companies annually through DIR-3 KYC form. This form is compulsorily required to be filed by every director […]
Different Types OF ITR Status And How To Check It OnlineAugust 20, 2018 - 5:17 pm
Taxpayers should regularly check their ITR status to ensure that the Income Tax Return has been accepted and processed. Income-tax Department has provided access to check Income-tax Return Status in user login. However, not every tax payer understands the meaning of checking the status means after they file the return. Different types of ITR status: […]
Everything you need to know about Digital SignatureAugust 20, 2018 - 2:10 pm
Digital Signature acts like a guarantee that the electronic documents and the message sent digitally has not been tampered because of the encryption techniques used. Digital signature is popularly known as electronic signature. Difference between digital and electronic signature Digital signature is also a form of electronic signature but the method differs slightly. It uses […]
Income tax notices and what should the tax payer doAugust 11, 2018 - 7:01 pm
The government has extended the Income tax return filing date till August 31st, 2018 which means that you get more time to file the return carefully and ensure that there are no mistakes. However, in case you have received the notice from the Income Tax Authority, there is a process to go about it. Recently, […]
GST Training in Bangalore | GST Classroom cum online training in BangaloreJune 21, 2017 - 5:44 am
Being July 1st 2017 date fixed for GST roll out all over India many of us are worried about GST preparedness?? We have one good opportunity with GST training in Bangalore DBA Cosmic IT services pvt. Ltd. Bangalore with it’s 16 years of rich industry experience in US and Indian financial market has launched 3 […]
NCMC -What should you know One Nation One Card?March 28, 2019 - 12:26 pm
National Common Mobility Card (NCMC), commonly known as One nation one card is a single card that can be used for doing various transactions. The card was launched by Prime Minister Narendra Modi on 4th March, 2019 at Ahmedabad. This card is supported by Indigenous Automatic Fare Collection System (SWEEKAR) and SWAGAT. The card will […]
Gratuity – Everything You Need to know about itMarch 28, 2019 - 12:25 pm
Gratuity is a benefit which an employee gets when his employment comes to an end due to the retirement or superannuation. It is an amount as a lump sum payment which is paid by an employer to his employee for his past services rendered for not less than 5 years. The payment of gratuity is […]
Public Grievances redressal Mechanism by Goverment of IndiaMarch 13, 2019 - 11:37 am
This is very good tool which can be called as an ultimate solutions to all public grievances which is not handled satisfactorily or not handled at all here is a solution to it. The Department of Administrative Reforms And Public Grievances is the nodal agency to formulate policy guidelines for citizen-centric governance in the country. […]
UDIN – Everything a CA needs to knowMarch 5, 2019 - 2:14 pm
UDIN or unique Document Identification Number is a 15-digits unique no. introduced and developed by Professional Development Committee of the Institute of Chartered Accountants of India which would be generated by the system for every document certified and attested by a practicing Chartered Accountant. UDIN system was implemented by ICAI on a re commendatory basis […]
E-Form ACTIVE – Everything you should know about itFebruary 28, 2019 - 2:04 pm
E-Form ACTIVE (Active Company Tagging Identities and Verification) was introduced by the Ministry of Corporate Affairs (MCA) and according to a recent notification of MCA, e-form ACTIVE (INC-22A) must be filed by all the companies whether public, private, Government or One person Company, that was incorporated on or before 31 December, 2017. Due Date to […]
FSSAI – How to Register for it?February 21, 2019 - 10:41 am
What is FSSAI? Food Safety and Standards Authority of India (FSSAI) is an organization established under the Food Safety and Standards Act,2006 to maintain the safety and quality of food items for the benefit of consumers. FSSAI set standards for hygiene and safety to ensure safe and quality food in any food business. FSSAI Registration: […]
Details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1February 21, 2019 - 10:24 am
A registered supplier is required to mention the details of inter -State supplies made to unregistered persons, composition taxable persons and UIN holders in Table 3.2 of FORM GSTR-3B. Further, the details of all inter-State supplies made to unregistered persons where the invoice value is up to Rs 2.5 lakhs (rate-wise) are required to be […]
Unified Stamp Duty on Stocks – What you need to know as an InvestorFebruary 12, 2019 - 11:09 am
In the latest budget, the Government of India has simplified the stamp duty collection procedure with the introduction of Unified Stamp duty on the stocks. Put it simple, the decision means that all the stock exchanges in the country would not collect the stamp duty at a single rate and the proceeds have to be […]
Here is the Revised Income Tax Slab for 2019-20February 12, 2019 - 10:15 am
Income tax slabs are the rates on the basis of which individual taxpayers are required to pay tax to the Government of India. The applicable rates for the relevant assessment year are announced by the finance minister in the interim budget. Likewise, the income tax slab rates for Financial Year 2019-20 and assessment year 2020-21 […]
Above 18 Years – Here is how you should Enroll for Voter ID CardFebruary 5, 2019 - 6:28 pm
A Voter ID card is an identity proof issued to the citizens of India who are eligible to cast vote in the upcoming elections. This card is issued by the Election Commission of India. Voter ID card is also known by many other names such as Election Photo Identity Card, election card or Voter’s card […]