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…

IMPLEMENTATION OF ESI SCHEME in Karnataka

Government of India, ministry of Labour and Employment vide Notification No S-38013/35/2016-SS.I dated 09.08.16 has extended implementation of the ESI Scheme in the entire area of the under mentioned districts of Karnataka with effect from 01.09.2016. BIDAR CHIKKABALLAPURA CHIKKAMAGALURU KODAGU WITH THIS, THE ESI SCHEME HAS BEEN IMPLEMENTED IN THE ENTIRE STATE OF KARNATAKA   The Employers falling under the purview of ESI Act (engaging 10 or more employees) in any place in Karnataka are required to register their factories…

Online Payment of ESI Contribution mandatory from May 1st 2015

Online Payment of ESI Contribution Made Easier Presently, the facility of payment of ESI contribution is through payment gateway of Sate Bank of India or payment over the counter by cheque or DD alongwith computer generated challan to designated branches of State Bank of India. Now, facility for payment of ESI contribution is available through net banking of Sate Bank of India (SBI) and 58 major banks w.e.f. 1st April, 2015. The employers will be able to remit contribution either through net banking or over the counter of SBI branches. From…

New PF limit effective from 1st of September 2014

In the 2014-15 Union Budget, Mr. Arun Jaitley had stated that the PF wage ceiling would be enhanced from Rs. 6500/- to Rs. 15000/- pm.   Today, the Union Government has issued the  Notification dated 28-8-2014, confirming this decision, a copy of which is attached. In case if any of your employees / contract employees / trainees / direct contract employees / direct consultants, etc.  have opted out of PF, then they are required to be brought under the ambit of PF (on receipt of the notification), provided their monthly PF Basic & DA wage…

Register online in PF portal to know your balance | Transfer PF Account online

Register online in PF portal to know your balance: Register online to view your EPF Account Passbook. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 on wards. There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving License to register and thereafter…

Provident fund calculation will be on Gross salary instead of Basis pay | New PF rule

Provident fund calculation will be on Gross salary instead of Basis pay: You may end up saving additional in the months ahead with the staff Provident Fund Organization (EPFO) preparation to re-notify a new definition of "compensation" that may include all of your allowances, amid intense lobbying against the move by trade bodies. Currently, employers escape by conducive only twelve-tone music of the fundamental pay and dearness allowance, that is not paid by most corporations, towards their share of "matching" provident fund and therefore…
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How to view PF statment online? Provident fund statment online

1. Register online to view your EPF Account Passbook. 2. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards. 3. There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving License to register and thereafter to login. 4. You can add multiple…

Generate your Provident fund statement online | Generate your PF passbook online

Facility to generate Member Passbook, Employee Passbook and On-request Passbook through Employees’ Portal on EPFO website – HO No. WSU/5(1)2003/11146 dated 20/07/2012 A facility of E-Passbook to EPF Members has been devised by the IS Division, Head Office through Member Portal on EPFO website. The EPF Members can directly approach the EPFO website and after entering certain necessary details, they can get themselves registered. The registered EPF Members can obtain E-Passbook after entering Establishment Code/Extn. (if any) / Employee Number…

How to file PF monthly e-return?

ADDING ESTABLISDHMENTS, LOGIN, SETTING CONTRIBUTION PARAMETERS AND CREATING USERS : ADD MULTIPLE ESTABLISHMRENTS ANDLOGIN When you click on the link of E Return Setup the first page will contain two functions one for Addition of Establishment and the second one is for Selecting and Logging in the selected establishment. In addition function ,you can select Region Code and Office Code by selecting an office name from the list.When you select an Office name from the list then it will automatically fill the box for region code and Office…

Know your PF balance online | Check your Provident fund balance online

Please click on the following link to know the balance in your EPF Account upto the date, the accounts are updated, which also includes the latest approved transactions of settlement/advances/transfer-in/transfer-out, if any. Select the EPFO office where your account is maintained and furnish your PF Account number. Leave the extension field blank, in case your account does not have one. You will be asked to enter your name and mobile number. The given mobile number will be recorded along with the PF Account Number. On successful…