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…

Investment with insurance

Every one who invest in insurance scheme will be under the impression that he will get following benefit: 1.Securing his family in case of his absence. 2.Covering the risk. 3.Investment cum risk cover. 4.Deduction under section 80C to save tax. Some will always say insurance willnot yield anything to me as it is long term and meant for his nominee and turn a deaf ear for it. But But there is a way where one can think of investing his money with life cover which comes handly with Metlife insurance policy plan name called "Met growth super"…

Tax rate of current year and how one can save tax in india?

Tax slab applicable for this financial year i.e. Income received during 1st of April 2008 to 31st March 2010. Individual & HUF below age of 65 years: Male For Income Between 0 to 1,60,000         :                                      NIL For Income Between 1,60,001 to 3,00,000 :                                 10% For Income Between 3,00,001 to 5,00,000 :                                 20% For Income above 5,00,001:                                                       …
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Construction workers to get cover

This is really a good news for construction workers to get organized and enjoy social security benefits. Bangalore: Here is some cheering news for thousands of construction labourers in Karnataka. Now, they will be covered under pension and health insurance schemes. Not just that, with too many accidents on site, the Karnataka Building and Other Construction Workers’ Welfare Board has also decided to sanction a ‘funeral fund’ of Rs 4,000 for these labourers who move from state to state to earn their daily bread. All workers and labourers…
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What can I do if my pan mid name,sur name doesnot match?

There are many chances where in online registration at https://incometaxindiaefiling.gov.in/portal/register.do?screen=registerPage1 will give an error messages as data entered does not match with the record in that case to file your ITR please contact local income tax department help desk computer center. In Bangalore contact following contact no. 25595901/02/03 and in respective state contact your local assessing officer of your respective city. or  Please contact the Aaykar Sampark Kendra (ASK) at 0124-2438000 To file your ITR even after…
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tax filing for 2009

Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4. This may be used for preparation of E-Return for AY 2009-10. The uploading of E-Returns for AY 2009-10 will be enabled shortly. Please ensure that you verify TDS/ TCS and Advance tax or Self Assessment Tax Payments using 26 AS form available on NSDL website. The same has also been sent to your email id as given in the E-Return filed for AY 2008-09. In case any entry is missing, please contact the Deductor or Bank as the case may be and intimate your PAN for…
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Aassessing officer | How to find what is the designation of assessing officer (Ward/ Circle)

If you are a new Assesse go through the relevant links to find your Assessing Officer (AO) and Range/Circle/Ward. You can also go through the Organisation Structure to get their Jurisdiction details and addresses. One can find their assessing officer using the following link http://www.incometaxbangalore.org/jurisdiction/jurisdiction.htm File your tax return for 2010 for free

New mediclaim policy from Met life

New Health policy from Met life: Met life India has launched one of the best and unique Health care plan for every one. Met Health care is a health insurance plan. Now a days health care expenses are unbearable by an individual if he plans to finance the same by himself. As per the survey Coverage of health insurance is limited to only about 5% of the population Out of which, only 10% have an individual health insurance policy. The remaining are covered by various employer schemes as well as government led schemes. So what is needed is a plan…
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How inflation is calculated in india? Does it has any significance?

We keep hearing the word "Inflation" every week in India. What is it? Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price stability. inflation is caused by a combination of four factors: The supply of money goes up. The supply of other goods goes down. Demand for money…
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Indian income tax return filing for free for 2009

I am going to help all as to how to file income tax return online for free and who has to file which ITR forms. If you need any assistance feel free to mail me at [email protected] or call 9902977233. Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4. This may be used for preparation of E-Return for AY 2009-10. The uploading of E-Returns for AY 2009-10 will be enabled shortly. Please ensure that you verify TDS/ TCS and Advance tax or Self Assessment Tax Payments using 26 AS form available on…
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Indian income tax return filing for free

CBDT has notified the ITR forms for the A.Y. 2009-10 (F.Y. 2008-09) vide Notification dated 27th March, 2009. The Notification and new forms can be downloaded from the Downloads page. The Final Schema for Eiling for AY 2009-10 has been released and can be downloaded from the advanced users page. E-filing of Income tax returns for AY 2009-10 will be enabled shortly. Please watch this website for more details on E-filing of Income Tax returns. Please ensure that your email is correctly entered in your return as well as on user profile. Details…