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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…

SEBI Has Invited Public Comments On Proposed Norms to Expand The Scope Of Market Institution Infrastructure

SEBI has now come up with the stricter ownership and governance norms for the registrars as well as transfer agents. The official circular reads, “SEBI constituted a Committee under the Chairmanship of Shri R. Gandhi, Former Deputy Governor, Reserve Bank of India, on October 16, 2017, to review the existing framework of Market Institution Infrastructure. The Committee submitted its report thereon March 26, 2018. The recommendations so made are under active examination of SEBI.” RTAs Since most of the functions performed by the RTAs takes…
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What is new IFSC code of my State Bank of Mysore Account ? | Find New IFSC code of SBM

The Government has announced merger of  five of its associate banks with State Bank of India (SBI) effective date of 1st of April 2017. The associate banks are State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP). Post merger what will happen to my Internet banking? Kindly note that after the merger of SBH /SBBJ/SBM/SBT/SBP ., those Bank’s websites will be disabled from 01st of April, 2017. But your internet banking facility will continue.…
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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…

Is it good to invest in NSE IPO ? NSE IPO facts

 The National Stock Exchange of India (NSE) has filed draft prospectus for Initial Public offer to raise 10,000 crore. NSE will launch offer for sale (OFS) of 111.4 million equity shares, 22.5% of the exchange’s post offer paid-up equity capital.For those who are looking to subscribe the IPO need to know following important points The expected valuation is somewhere between Rs 40,000-45,000 crore and the issue size is expected to be around 9,000-10,125 crore which is the highest since the Coal India IPO for Rs 15,000 crore in 2010. …
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SIP - How to calculate monthly amount to be Invested for achieving the Goal

Investing in Systematic Investment Plan could be for various goals such as retirement, higher education, marriage of children and so on. SIP is one of the best instruments to invest in mutual fund with small amounts in order to achieve long term financial goals.  However, if you are investing for the first time, then identifying the right amount of money that you need to invest every month in order to achieve your goal might be something that you need to work upon. There are few steps which will help an Individual to calculate the amount which…

Instant Redemption Of Liquid Mutual Funds from SEBI

Instant Redemption Of Liquid Mutual Funds from SEBI: SEBI is looking to provide facilities to the customers wherein they can receive instant credit in their bank account post redeeming their liquid mutual fund, similar to mobile wallet transaction. The stock market regulator is in the process of designing rules for such transactions. If SEBI implements the scheme on the ground it will enhance the inflow and attract the retail customers towards Mutual funds. As of now, around Rs 2.78 trillion are managed under liquid funds and retail customer contribution…

Invest in Mutual Fund through e-wallets

Securities and Exchange Board of India (SEBI) is gearing up to enable investment in Mutual Funds through e-wallets such as Paytm, Rupay, Mobikwik and so on. SEBI's move comes in to promote the cashless drive and the e-wallet companies will be able to expand their customer base by getting mutual fund investors to pay through their platforms. SEBI has however put ceiling of Rs 50,000 per month for the customers who want to invest in the Mutual Funds, going e-wallet route. In order to start the investment, e-wallet companies should have the non additional…

Demat balance on your mobile

NSDL has launched the beta version of Mobile Application for its esteemed demat accountholders. Using the Mobile App, you would be able to view balances in respect of your demat account on mobile anytime, anywhere. This Mobile app is absolutely free for Users. You can register online for IDeAS facility through NSDL Mobile Application by following simple registration steps after downloading App from Google Play Store. You would be able to download the NSDL Mobile App.; ‘NSDL’ from Google Play Store from Android based mobile phones having…

Opening DMAT is easy from now onwards

1. SEBI has taken variety of steps in the recent past to alter the Account gap and KYC method in the securities markets. In continuation of the efforts in the same direction, it's currently been decided in consultation with both the Depositories and Associations of stock brokers and repository Participants to more alter and rationalize the demat account gap method. 2. the existing useful Owner-Depository Participant Agreements shall get replaced with a standard document “Rights and Obligations of the useful Owner and repository Participant”.…

Access your credit score online | How to apply for your credit score online?

Now a days procuring a loan mainly depends on your credit score. If you default in making payment to your creidt card.. there are chances of same being resported to CIBIL which will reduce your credit score which will make your future loans with any Bank declined... If you wish to know your detailed credit history as to which are the loan as reported in the report? Simple way to apply for same online by paying needed fees. It's important that you know your credit score. Just like your credit history is your financial report card, your credit…