59 Minutes Loan
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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…
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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…
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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…
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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…
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National Small Industries Corporation's website for SME's

Domestic entrepreneurs can now easily access information related to global micro, small and medium enterprises, their products and technologies on the website launched by National Small Industries Corporation (NSIC). Unveiling the website, http://www.msmeintelligence.com/  , MSME Secretary Uday Kumar Verma said: “Non availability of experts, high cost of primary data collection and higher cost of database development are some impediments for MSMEs to gather Market Intelligence.” In 2010, Principal Secretary to Prime Minister T K A…

Understanding your credit score

What is the CIBIL TransUnion Score? The CIBIL TransUnion Score is a 3 digit numeric summary of your credit history. This Score is derived by using the details found in the ‘’Accounts’’ and ‘’Enquiries’’ sections on your Credit Information Report (CIRI) and ranges from 300 to 900. The Closer your Score is to 900, the more favourably your loan application will be viewed by a credit institution. The Score plays a critical role in the loan approval process. What does my Score mean? An Individual’s Credit Score provides…
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DIN will replace DPIN | DPIN in LLP formation

DIN will replace DPIN: Earlier we had a burden of applying of DPIN in spite you have DIN. now it is replaced with DIN number. If you have DIN number you needn't apply for DPIN. DIN will replace the DPIN requirement. if some one already has   DIN and DPIN both DPIN will get cancelled and DIN will replace their DPIN . [TO BE PUBLISHED IN THE GAZETTE OF INDIA PART II, SECTION 3, SUB SECTION (i), EXTRAORDINARY] GOVERNMENT OF INDIA Ministry of Corporate Affairs Notification New Delhi the 5th July, 2011 G.S.R. ……… (E). – In exercise…

Mutual funds unit in Dmat form

All Mutual Funds/Asset Management Companies Sub: Option to hold units in demat form. 1. In terms of SEBI Circular CIR/IMD/DF/10/2010, dated August 18, 2010, on transferability of Mutual Fund units, all AMCs were advised to clarify by way of an addendum that units of all Mutual Fund schemes held in demat form shall be fully transferable. It has been observed that in their close ended schemes, many mutual funds provide an option to hold units either in physical or in demat form, but offer no such option in case of open ended schemes. In order…

June 29 will be last date to encash all your 25 paise coin

Wondering what to do with your little pouch of 25 paise and lesser denomination coins Exchange them at a neighbourhood bank before June 29. After that,such coins will cease to have any value,with effect from June 30.Reserve Bank of India (RBI) regional director P Vijaya Bhaskar on Wednesday announced the governments decision to stop circulation of 25 paise and lesser denomination coins.They shall no longer be a legal tender for payment as well as on account, he said. People can exchange the coins in banks.However,we wont accept them if submitted…
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Managerial Remuneration in unlisted companies having no profits/ inadequate profits

Managerial Remuneration in unlisted companies having no profits/ inadequate profits: Companies are divided into private limited and public limited companies. Public limited companies are of two types – listed companies (whose shares are listed on a stock exchange) and unlisted companies. Normally, the general public does not hold shares in unlisted companies. Private limited companies are not subject to any limits on managerial remuneration. Public limited companies (listed and unlisted) with no profits/ inadequate profits are currently required…

Paypal account holder changes | New rules applicable for paypal india

With effect from 1 March 2011, Paypal Account holder in India are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways ("RBI Guidelines"). In order to comply with the RBI Guidelines, Pyapal has amended its user agreement with Paypal Account holder in India for the following services w.e.f. 1 March 2011 : Any balance in and all future payments into your PayPal account may not be used to buy…
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Apply for Importer Exporter Code online | How to get IEC online? | DGFT online

Apply for Importer Exporter Code online: All these day we need to apply for IEC in hard copy form with all cumbersome formalities.. as a new year gift DGFT has made provision to apply for Importer Exporter Code online. Subject:- Provision of additional facility for filing Importer Exporter Code (IEC) applications “on-line”. DGFT is introducing additional facility on DGFT’s website (http://dgft.gov.in/ ) for enabling members of trade to file their IEC applications ‘on-line” with effect from 1.1.2011. 2. Presently, the applications…
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Important note on form 3 and form 4 filing for LLP | Adobe 9 must for New LLP forms

1) Every LLP shall mandatorily file Form 3 and Form 4 within 30 days of incorporation failing which Rs.100/- per day will be charged as additional fees on each Form. 2) Form 7 shall be digitally signed by applicant's own DSC. The DSC of other partners and professionals should not be used while applying Form 7. May woudl have experienced problem when using new forms of LLP. It support Abobe 9 and above. If you use older version and try to open in Adobe 9 again some fileds like country would have disappeared. Only fix for this problem is…
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What is WikiLeaks? | Latest update from WikiLeaks | WikiLeaks and India

WikiLeaks is a not-for-profit media organisation. Their goal is to bring important news and information to the public. They provide an innovative, secure and anonymous way for sources to leak information to our journalists (our electronic drop box). One of their most important activities is to publish original source material alongside our news stories so readers and historians alike can see evidence of the truth. We are a young organisation that has grown very quickly, relying on a network of dedicated volunteers around the globe. Since…