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…
e-karmika
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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…
FSSAI

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,…
Stamp Duty
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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…
Blockchain

Blockchain - What is it and how it works?

The Blockchain is the much talked about technology behind Bitcoin but it is not just limited to the Cryptocurrency. In the words of Don & Alex Tapscott, authors Blockchain Revolution, “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” How does it work? The word Blockchain is made of two words ‘Block’ and ‘Chain’ where Block consists of the information which is stored digitally in the blocks and then…
e-karmika

Umang App - The new age App by the Government

Umang app also known as Unified Mobile Application for New-age Governance, provides a unified platform for all Indian citizens to avail various Central and State government services. The app can be used by people all over India to access 327 Government services and 73 applications in 17 states. The app supports 13 Indian languages including Hindi and English. Umang app was launched by the Government of India with the main objective of speeding up the process of embracing digital payment transactions and fast-track mobile governance in India.…
NFRA
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NFRA – National Financing Reporting Authorities and its Powers

National Financing Reporting Authority was approved by the Central Government this year to ensure better regulation in the financial audit of the large companies. NFRA is an independent regulator that supervises the auditing professions. Central Government took the decision to approve this regulatory authority post the report of Standing Committee on Finance in its 21st report. In addition to that, the Cabinet has also approved various posts within the regulator. These posts would be of a Chairman, one secretary and three full-time members.…
Masked Aadhar

Masked Aadhar - What is it and how to download

For the better security of a person’s Aadhar number, the Unique Identification Authority of India (UIDAI) has recently introduced the facility of Masked Aadhar whereby only the last four digits of a person’s 12 digit Aadhar number will be shown. While the regular Aadhar shows all the 12 digits of our Aadhar number, the first 8 digits will remain protected in the masked Aadhar. Any such person, who does not want to disclose his /her Aadhar number, can use the option of masked Aadhar. However, other information like photograph, demographic information…
Professional Tax

Looking for Professional Tax in Karnataka ?

Professional tax is a type of direct tax levied and collected by the State government on any person engaged in any kind of profession. In India, rates and method of collecting professional tax varies from state to state. Also, some states in India do not impose this tax. Professional Tax in Karnataka is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. Who must Pay Professional Tax?According to the provisions of this act, every single person who is carrying on any profession, calling, and trade whether…
e-karmika

Karnataka Shops and Establishment Act and who needs to Register

Karnataka Shops and Establishment Act and who needs to RegisterThe Karnataka Shops and Establishment Act apply to the whole state of Karnataka and has been enacted to regulate the conditions of work and employment in shops and commercial establishments/undertakings in Karnataka. As per the provisions of Karnataka Shops and Establishment Act,• The employment of children below 14 years of age at any establishment is prohibited.• Young persons (anyone who has completed the age of fourteen) and woman shall not be employed to work in any establishment…