, , ,

GST Training in Bangalore | GST Classroom cum online training in Bangalore

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 days and 2 days GST training session from 3rd of July to 7th of July  2017 . Following are the topics covered in these 5 days: One more greater advantage you will have once you attend session and write exam you will get Certificate…
59 Minutes Loan
, ,

How to apply for the new Loan under 59 Scheme by the Government

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, the Government is working towards pushing the growth in automation and bringing down the time and process involved in cumbersome Loan facilities. Quick Approval Process An Individual who qualified for such loan would…
Class 3 DSC

Class 3 DSC Signature and E-tendering- What you need to know

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 are safe. Class 3 Digital Signature has been designed to do exactly the same. There are two validity period of Class 3 Digital Signature – One year and Two Years. According to the Information Technology Act, Class 3 Digital Signatures…
US$ to INR

Here is Why Indian Rupee is Falling Against The U.S. Dollar

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 against US dollar. Global and Domestic Factors The rising tensions between two biggest economies – the United States and China has taken toll on India rupee. Both the countries are in a race to slap tariff on each other’s…

DIR-3 KYC Filing Date Extended - How to file the form?

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 who has been allotted a Director Identification Number on or before 31st March of a financial year and whose DIN is in Approved status. It is mandatory for Disqualified directors also. Late filing after 15th September would attract…

Different Types OF ITR Status And How To Check It Online

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: Submitted and pending for e-verification: this status appears on the screen:  When you have filed the ITR but have not e-verified it. You have  sent the acknowledgement to the department but…
, ,

Everything you need to know about Digital Signature

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 the certificate-based digital ID to authenticate signer identity. In digital signature, the proof of signing linked together to the document through encryption and the…
, ,

Income tax notices and what should the tax payer do

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, there have been an increase in the number of Income tax notices sent by the department due to changes made in the income tax rules about which most of the income tax payers are not aware. Section 143(1) – Customary Notice - You don’t…
, , ,

All about GSTR-3B Filing for July and August

All about GSTR-3B Filing for July and August: The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR-3B. The recently concluded meeting of the GST Council on June 18th brought some good news to business owners. The Council has agreed to relax the return filing requirement for the first two months under the new GST regime. As per the provisions of GST law, a normal taxpayer is required to file GSTR-1 by the 10th of the next month. Similarly, GSTR-2…
, , ,

e-way bill in Karnataka under GST

For the information of suppliers of taxable Goods under the Karnataka Goods and Services tax Act With the implementation of Goods and Services Tax in India with effect from 1st July 2017, Commercial Tax check posts in the state have been abolished to facilitate unhindered movement of Goods vehicles. In order to facilitate speedy movement of goods vehicles, ‘e-way bill’ has been introduced Features of ‘e-way bill’ ‘e-way bill’ should be used for movement of 41 notified commodities. Important commodities are- arecanut, automobile…
, , ,

Don't Accept VPP in the name of Director identification number ( DIN) Information Kit

Now a days once you apply for DIN number you will get one VPP parcel i.e. Value Payable parcel with heading as Director identification number ( DIN) Information Kit whose picture is also enclosed in this post. This is a open fraud by Dibya Publication-Regus Business Center , Level-9 , Gurgaon which contains some information on DIN and other MCA related circulars but definitely not worth 950.00 which they mention.  You can outright reject the same and send it back to the sender which will teach them a lesson of not to defraud innocent public…
, , , , , , , , , ,

Invitation to join Knowinfonow.com Submit Articles

Invitation to join Knowinfonow.com Submit Articles Knowinfonow.com would like to invite Authors to join our blog www.knowinfonow.com . The Authors who like to be Part of  Knowinfonow.com and get their article published on our website can mail their article to us and we will publish the same with due credit to the author. Knowinfonow.com is a unique and focused portal on taxation, Accounting, Finance, Audit and Corporate law. We are currently providing all news and analysis on taxation, Accounting, Finance, Audit , GST., ESI/PF and Corporate…

Annual Performance Report filing relaxation by RBI

Category – I Authorised Dealer Banks Overseas Direct Investments by Indian Party – Rationalisation Attention of the Authorised Dealer (AD – Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. It has been decided to amend the guidelines relating to submission of Annual Performance Report (APR) as under: 2. An Indian party, which has set up / acquired…

RBI in action to curb Rupee depreciation in the market (EEFC) Account

New Cirular from RBI on Exchange Earner's Foreign Currency (EEFC) Account: Exchange Earner's Foreign Currency (EEFC) Account Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.15 dated November 30, 2006 in terms of which all foreign exchange earners were permitted to retain 100% of their forex earnings in EEFC account with any AD in India. 2. On a review of the Scheme, it has been decided as under :- a) 50% of the balances in the EEFC accounts should be converted forthwith into…

MAT exam may be cancelled soon | MBA no more dream post graduate degree for all

The 24 year old, reputed MAT exam, conducted every year 4 times , by AIMA , stands on the edge of being discontinued soon. In the recent past, we have seen many MBA entrance exams being cancelled , including FMS entrance, JMET, etc. and MAT might be one of them. However, AIMA may contiue the exam for privately held institutions and B-schools. Government aims at having lesser and lesser test windows to assist the students and reduce the pressure on them of writing too many aptitude exams for MBA Entrances. 65 management schools may shut as…

Mobile Banking Transactions in India - Operative Guidelines for Banks

Mobile Banking Transactions in India - Operative Guidelines for Banks:   Mobile phones as a medium for providing banking services have been attaining greater importance. In order to ensure a level playing field and considering that the technology is relatively new, Reserve Bank has brought out a set of operating guidelines for adoption by banks. The guidelines that have been finalised following a wide consultative process shall be operational with immediate effect   Banks are increasingly extending mobile banking facilities (financial) to…
,

Mandatory filing for LLP's | File form 8 and form11

All LLPs registered upto 30-September-2010 have to mandatorily close the financial year as on 31-03-2011 and file Form-11 by 30-May-2011 and Form-8 by 30- October-2011. LLPs registered from 01-10-2010 to 31-03-2011 have option either to close financial year as on 31-03-2011 or 31-03-2012 and to file Form-8 & 11 accordingly. Please note that if LLP fails to file Form-8 & 11 within time, an additional fees of Rs. 100/- is payable per day till date of filing. Therefore, all LLPs and their designated partners are advised to file all due…