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…
UIDAI-Facial-Recognition

Facial recognition now mandatory for buying SIM and other services

The facial recognition is mandatory for all the authentication that requires Aadhaar. According to the Unique Identification authority of India, the facial recognition would be an extra feature in addition to the regular authentication process which includes verifying the identity of the person through the iris scan and fingerprints scan. UIDAI has already issued the circulars regarding the same to the Authentication user agencies, Authentication service agencies and certified biometric providers. The UIDAI has made it very clear that failure…

What is Ayushman Bharat Scheme and who is eligible? |Apply for Ayushman online

Ayushman Bharat is the National Health Protection Scheme aimed at covering more than 10 crore citizens of India who are below the poverty line according to census 2011. The government has decided to provide the coverage of maximum 5 lakh rupees per family, every year for secondary and tertiary care hospitalization. Both Rastriya Swasthya Bima Yojana and the Senior Citizen Health Insurance Scheme would be subsumed by the Ayushman Bharat Yojana. All pre-existing conditions are covered from day one of the policy. The benefit cover will include…

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…

New changes made in ITR filing process this assessment year

Last date of filing the ITR is just around the corned and it is time to be aware of all the rules that have been revised in filing process. It would be good to understand these processes since you do not want to make any mistake while ITR filing the return. Late Fee The date has not been changed but the ITR department has now brought in the provision of fine for late filing of the fee. If an individual files the return by December 31st, late fee would amount to 5000 or Rs 10,0000 if it has been filed after 31st December 2018. However, those…

Here is how to check ITR refund status online ?

The refund banker scheme was started in 2007 under which the refunds generated on processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers. You can also check the refund status through the process mentioned below. Modes of refund There are two modes of refund:- RTGS / NECS: To enable credit of refund directly to the bank account, Taxpayer. Bank A/c (at least 10 digits), MICR code…