If you want to add the Voter ID Details online, add new voter in the electoral roll, edit the name on the electoral roll or change the address after transferring from one location to other then all these things can be done on the ECI website online. The Voter Helpline App to verify and update/authenticate the voter ID details of the voter of India can be helpful.

The voters/electors can get registered and logged in to ECI site or Voter Helpline App to verify and authenticate his/her details along with addition of family members. Alternatively you can opt other methods such as visit Common Service Centers (CSCs) or any nearby voter facilitation center to avail the below facilities-

1. Verification and corrections of the existing details
2. Authenticate entry by furnishing scanned/DigiLocker copy of anyone of the below documents for the identity/address proof (from any of the below)-
   • Indian Passport
   • Driving License
   • Aadhaar Card
   • Ration Card
   • Identity card for Government/Semi Government Officials
   • Bank Passbooks
   • Farmer’s Identity Card
   • PAN Card
   • Smart Card issued by RGI (x) Latest bill for water/electricity/telephone/gas connection
     • Providing details of family members and verifying their entries too
     • Updating details of family members already enrolled as voters
     • Providing details of eligible un-enrolled family members (born on or before 01.01.2001) and prospective electors born between (02.01.2002 till 01.01.2003) who are residing with the elector
     • Verifying GIS Coordinates of voters’ house through Mobile App
     • Feedback, if any, regarding existing Polling Stations and suggestions on alternate Polling Stations

The purpose behind addition of your mobile number and email id in the verification and authentication process of electors details is to help electors to get update of online application status, status of EPIC, Election Day announcement, to send voter slip on their registered email and mobile number.

Electors would also get regular notification on modifications on Serial No. and details of Polling Station, Change in BLO/ ERO, all information related to Polling Station will also be shared with the Electors.

So far, we’ve covered new voter ID online registration Form 6, register online for NRI new voter ID card, change address in voter ID card Form 8A, correction in voter ID cards etc. in below articles-

1. New Voter ID Online Registration Steps And Voter ID Application Form 6

2. Overseas Indian Voters – Register Online For NRI Voter ID Card

3. How to Change Address in Voter ID Card and Fill Form 8A?
4. Correction In Voter ID Card – Update Voter ID Card Details Online
5. Voter List Online In India – Check Your Name On Electoral Rolls
6. How To Find Serial And Part Number Of Electoral Roll Online?

Steps to Verify And Authenticate Voter ID Details and Add Family Members

1. Visit Election Commission of India or ECI Voters site
2. Click on login button if already registered otherwise register as a new user in ECI site by giving mobile number and email id, generate OTP (you will receive OTP on mobile and email both, fill them in the respective fields) then fill your first name and last name and create password
3. Click on Login link to Login into the ECI site by giving mobile number, password, captcha code and OTP received on your mobile phone
4. You will be directed to the homepage of the portal where you can do-
   • New registration for general electors after filling form 6
   • New registration for overseas (NRI) electors after filling form 6A
   • Delete name from existing elector roll after filling form 7
   • Shifting of residence/correction of entries in existing electoral roll/replacement of EPIC/marking of PwD can be done after filling form 8
5. Apart from above, you can-
   • Track your application status (all forms)
   • You can search in electoral roll to get elector details
   • You can find your polling station and BLO/ electoral officer details, assembly and parliamentary constituency details
   • You can download e-EPIC (digital version of your electoral photo ID card) by giving EPIC no. and state you belong to
   • You can register complaints and share your suggestions in this portal

You can also verify these details by visiting CSCs allocated for EVP in each district of the state and UTs across the country. You can also do the verification by visiting Voter Verification Centers (VVCs) by visiting there.

Voter Helpline, a mobile app launched by ECI where you can also verify electoral details. You can also call ECI helpline by dialing 1950 for the electors verification.

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After the New Motor Vehicle Act 2019, it has become mandatory for the vehicle owners to link mobile number to your existing registered vehicles and driving licence after September 1, 2019.

For now, this has become mandatory to link your mobile number with the registration certificate of the vehicle in the the Delhi (NCT) regions and Gujarat. The new vehicles are registered with the mobile number by RTO itself, whereas the older vehicle’s RC must be linked by the owner of vehicle either visiting their RTO or doing it online.

Steps To Link Mobile Number To Registered Vehicle In Delhi

A maximum of 5 vehicles can be linked with a single mobile number. The linking process has been initiated across the states of India but it has made mandatory in Delhi and Gujarat to link the mobile number with the existing valid RC. You can link it by following below simple steps to avoid hefty challans/ e-challans-

1. Visit Vahan Parivahan site
2. Click on Register link at the upper right

   

3. Give full name, email, mobile number and select state Delhi from the drop down, give captcha code and click on register
4. Your mobile number will receive the OTP, and your email will receive an email with the confirmation link. Click on the link to confirm your email address and give OTP (received in email and mobile) in the next screen and submit it
5. In the next screen create your password
6. Now message comes that password (new) has been created
7. Click on the Login link at the upper right

   

8. Give user name (email) and password (create recently) to login into the Vahan Parivahan site
9. Click on Other services >> Update mobile number

   

10. Give vehicle registration number, last 5 digit of chassis number, last 5 digit of engine number and new mobile number to update
11. Click on Generate OTP, give OTP in the next screen and submit

After login into the Vahan site (registering with it first), you can avail other services online such as Transfer of Ownership (TO), Termination of Hypothecation (HPT), Duplicate RC, Change of Address (CA), Addition of Hypothecation (HPA), Continuation of Hypothecation(HPC) etc.

The same process can be applied to link the mobile number to your permanent driving licence or duplicate driving licence.

Under Section 3 of the Motor Vehicles Act 1988, it is mandatory to carry driving licence during driving of any vehicle. Driving without valid driving licence is illegal and is a punishable offence.

Valid Permanent driving licence is a document that serves also as an identity proof. So it is mandatory to keep driving license all the time with you when driving the vehicle. But most of the time it happens that driving licence of anyone misplaced/lost/mangled so you need to get the duplicate driving licence from the RTO by offline or you can follow below steps online to get your duplicate driving licence.

Steps to Apply For Duplicate Driving Licence Online

1. Visit Sarthi Parivahan website maintained by The Ministry of Road Transport & Highways
2. Click on Continue button at the bottom
3. In this page, fill the required details such as DL number, Date of Birth, Category if any (Ex-Servicemen / Repatriate / Refugees / Diplomats (Foreigner) / Foreigners (But not Diplomats) / Physically Challenged) otherwise don’t select anything, Select your state, RTO and fill the pin code
4. Click on Proceed button
5. In the next section, you need to fill all the required information and upload the document
6. Take a print out of the duly filled form and attach all the necessary documents including LLD form (the form for information of loss or destruction of driving license and application for duplicate driving licence) that can be procured online, FIR (First Information Report) lodged for the lost of driving licence, Passport sized photographs, Age and address proof documents, and Photocopies of the original driving license
7. You will then have to submit the form and the required documents at the RTO office which had issued your original driving license.
8. Once the formalities are complete, your duplicate driving license will be sent to your registered address.
9. You will also receive a receipt that can be used in lieu until the time you don’t get your duplicate driving license.

Documents Required for Duplicate Driving Licence

You will be required to submit the below age and address proof documents

Age proof (Any one)

• Birth certificate, Pan card, Passport, SSC certificate or School transfer certificate with the date of birth printed on it

Address proof (Any one)

• Permanent address proof such as House agreement, LIC policy bond, Voters ID card, Ration card, Electricity bill issued in applicant name, Aadhar Card, Passport, Temporary address proof (Registered Rental agreement and LPG bill/electricity bill)

Note:

1. RTO should be same under whose jurisdiction, you applied for the original permanent driving licence and also your current address falls.
2. Issue of NOC service is enabled only when the RTO to which the application is submitted is same as that of the RTO in which the Driving Licence was last endorsed.

3. LLD form that can be procured online, should be filled uploaded and also submitted to the concerned RTO.

If you are looking the steps how to use DigiLocker app which stores your documents like Aadhaar, PAN, different marksheets and certificates at the centralized location and you can access them from anywhere, then I’m going to show you steps to access DigiLocker app in this article. DigiLocker has been developed by Ministry of Electronics & Information Technology (MeitY) as a platform for issuance, storing and verification of documents & certificates in a digital form as a part of National e-Governance Division.

As per Meity, DigiLocker aims at ‘Digital Empowerment’ of citizen by providing access to authentic digital documents to citizen’s digital document wallet. The issued documents in DigiLocker system are deemed to be at par with original physical documents as per Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries providing Digital Locker facilities) Rules, 2016 notified on February 8, 2017 vide G.S.R. 711(E).

Indian citizens can sign up for a DigiLocker account using their Aadhaar and mobile numbers, once signed in they get a dedicated cloud storage space that is linked to their Aadhaar (UIDAI) number where they can store their documents in digital forms. They can also e-sign their documents in the DigiLocker app and portal.

DigiLocker Partner organizations can also register themselves in DigiLocker and can push e-copies of documents and certificates directly into citizens DigiLockers.

DigiLocker-App Download

Citizen can download Android app from Google play store and

iOS app from App store.

How To Use DigiLocker App By Residents/Citizens of India

1. Open DigiLocker portal (digilocker[dot]gov[dot]in)
2. Click on the Sign up in the portal using your mobile number or Aadhaar number
3. Once you receive OTP, write in the respective field and click on verify button.
4. In the next screen, create your user name and password and submit it (later you can Sign-in with this username and password or you can login with your Aadhaar number as well).
5. Next screen comes to get Aadhaar number, enter your Aadhaar number in the field and check the check box to authenticate DigiLocker to access your e-KYC details from UIDAI server.
6. Once the process completes, it will show your dashboard.
7. Later you can also verify your email address to receive mails from the dashboard.
8. Click on the username drop down and select Uploaded documents.
9. From here, you can upload your scanned documents in the .pdf, .jpeg and .png file formats of maximum upload size of 10 MB of each file.
10. You are provided with 1 GB of total cloud storage where you can upload and keep your documents safely.
11. Currently 141 issuer organization and 41 requester organizations are associated with DigiLocker network whose services you can avail.
12. You can not avail most of the services of DigiLocker if you have not linked your Aadhaar number with it.

How To Use DigiLocker Account By Partner Organization In India

1. Organization (issuer or requester) needs to Sign-up (apisetu[dot]gov[dot]in/signin) to become a DigiLocker Partner.
2. Fill all the information needed to become issuer or requester in the form and submit it.
3. Login with the username and password created in above step.

Benefits Of DigiLocker Account

1. You as resident/citizen can upload all your documents and certificates anytime and can access them from the repository (collection of e-documents that is exposed via standard APIs for secure, real-time access) as per the need.
2. If you as resident allowed any entity a requester such as any University, Passport Office, Regional Transport Office (RTO) etc. to access your documents from the repository then they can access these e-documents through Access Gateways (secure online mechanism for requesters to access e-documents from various repositories in real-time using URI (Uniform Resource Indicator)) easily and can verify them.
3. It saves time and is convenient to use as you are given DigiLocker Portal – a dedicated cloud based personal storage space linked to your Aadhaar for storing e-documents, or URIs of e-documents.
4. You can receive document directly to your digilocker if any issuer such as CBSE, Registrar Office, Income Tax Department etc. issues it.
5. Authenticity of documents can be validated as they are issued directly by the registered issuers.
6. If you are uploading the document then you can digitally sign them using the e-Sign facility similar to self-attestation.
7. You can access your Digital Aadhaar, Digital Driving License, Digital Vehicle RC, Digital PAN verification records online through DigiLocker.

Security Of DigiLocker App And DigiLocker Account

1. Standard Practices: DigiLocker follows standard software development practices of uniform coding standards and released after security and penetration testing.
2. 2048 Bit RSA SSL Encryption: DigiLocker uses 2048 bit secure socket layer (SSL) Encryption for the transmission of information at any point of time.
3. MultiFactor Authentication (MFA) based Sign Up and Sign in: DigiLocker uses MFA for Signup and Signin via Mobile OTP (one time password).
4. ISO 27001 certified Data Hosting facilities: The application is hosted on ISO 27001 security certified data hosting facility.
5. Data Redundancy: Data is backed up in secure environment with proper multi zone redundancy.
6. Timed Log Out: The system is designed in such a way that it terminates session automatically during longer inactivity thus protects citizen’s account from any unauthorized access.
7. Security Audit: The system is audited by CERT-IN empaneled audit agencies.
8. User Consent Based System: The data from DigiLocker is shared only with the citizen’s explicit consent.

All the above points make security to your documents full proof, unauthorized access to your DigiLocker account is not possible.

The Life Insurance Corporation of India is the largest insurance provider in the country. Established in the year 1956 and currently having its headquarters in Mumbai, the Government of India is the owner of this public insurance company. The Life Insurance Corporation of India was formed by merging several private insurance corporations into one unified company.

In terms of performance, LIC is the best life insurance company in India. The company sells the greatest number of plans on a yearly basis thus placing them at the table. Life insurance, medical insurance, vehicle insurance, different types of investment plans, retirement plans etc. are some of the common plans that are bought. As of today, LIC India has the largest hold on market shares in insurance. You can also refer the top general insurance companies in India.

LIC at a Glimpse

The Life Insurance Corporation of India has established itself throughout the country. The company has the largest amount of money that is invested in it through customers and also sell the most number of plans in the course of a year.

• • LIC India is located in Mumbai which is the hub for trade and commerce in India.
  • The company has the largest recognition all over India with the greatest number of workers and agents under it’s wings.
  • LIC holds the greatest amount of share in the market.
  • Different policies are present that are based off of a wise spectrum of customer types. The plans and policies are so diverse in order to meet the needs and requirements of every single customer.
  • LIC India has one of the fastest claim settlement times among all other insurance companies that are present in India.
  • Policy and plan holders are exempted from tax in nearly all policies that are offered by the company.

LIC Term Plans

LIC India has term insurance plans for customers. These plans are like regular insurance plans that have a variety of features and inclusions. The premiums of the plans are low as compared to a normal insurance plans. The plan gives special benefits to the nominee of the insurance holder in the case of an unforeseen death. Once the plan matures, no maturity value is given to the insurance holder.

Due to the price of buying the plan and the premium that needs to be payed are all very low while the coverage of the plan is very high, many individuals prefer to buy this plan. The plan allows an individual to not only get a life insurance benefit for himself/herself but also guarantees the financial stability of the insurers family when the insured is no longer present. The plans are cheap which is the most attractive feature of the plan itself.

Why Buy a LIC Term Plan?

LIC term plans have their premiums and amounts decided depending on the age of the individual who is buying the plan. The younger the individual, the cheaper will be the terms insurance plan for him/her. Some reasons why a term insurance plan should be bought include:

• • A term insurance plan saves a lot of money. The term insurance plans are cheap to buy and the premium for the plans also do not hurt the pocket of the insured. Taking into account that there is no maturity value of the plan, the plan includes all the features of a life insurance plan. Term plans guarantee the safety of the individual and the family of the insured for the rest of their days while also being cheap. This is the prime reason why the plans are so popular among many.
  • The term insurance plan premium depends on the age of the individual. Young people are healthier compared to those who have aged. At a young age getting a life insurance cover that is not very expensive and which includes all the features of a health insurance plan is the most appealing feature of the plan. Term insurance plans allow the insured to be worry-free for health insurance throughout their lives.

LIC e-Term Online Plan

In the age of the internet and technology, nearly all insurance plans can be bought on the internet. The premiums for the plan and other payments for maintaining the plan can also be done on an online platform. Similarly, a term insurance plan can also be bought off of the internet from the official LIC website in minutes. An online term insurance plan by LIC is known as an e-Term plan.

Features and Benefits of LIC e-Term Online Plan

The plan has a number of features and benefits such as:

1. 1. The minimum age for any individual to buy this plan is 18 years while the maximum age for the same is 60 years.
   2. The plan can mature in a matter of 10 years or 35 years. The maturity of the plan depends on the age of the individual who is buying the plan.
   3. Depending on the sum that is assured to the insured, the minimum and the maximum annual premium for the plan can be easily calculated.
   4. The plan has a grace period of 30 days after which the plan will lapse.
   5. A lapsed policy can be renewed within 2 years.
   6. This plan can either be taken for a single individual or for a family.
   7. The maximum age for the plan to cover an individual is 75 years.
   8. Trail period for this policy is also available for customers. If customers return the policy then the premium for the policy is returned back to the individual. This trial period is up to 30 days.
   9. The minimum amount of money that is assured from an e-term policy is Rs. 25 lakhs for those who smoke while it is Rs. 50 lakh for non-smoker customers.
   10. At the time of an untimely death of the insured, the entire sum assured is paid to the nominee of the insured.

Since the term insurance plan by LIC is an online plan, the application for the policy and all other necessary details are filled on an online platform. There is no need for the customer to come to a LIC office or go through an agent for the same. On an online basis, customers can also track the progress and know their LIC policy status along with the necessary details for the same.

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The Union Cabinet have agreed to change the Definition of MSME Business in India. This step was taken to coordinate the definition of MSME with the GST Establishment, as it will be straightforward for authorities to verify the claims of business using the sales data of GST. This Step is also expected to increase the ease of doing Business in India and will help in avoiding unnecessary inspection of MSME Business, as this move will help in introducing a non-discretionary, transparent and objective classification system. Also, this step is necessary to ensure that MSME Sector is aligned properly with the needs of current times and Changing Business Ecosystem.

What was The Earlier Definition of Indian MSME Business?

Earlier, the MSME Business was defined based on the investment in Plant and Machinery. Under this definition the business that have investment of INR 25 lakh in plant and machinery came under the category of Micro Enterprises, enterprises with investment in plant and machinery between INR 25 lakh and 5 cores came in the category of Small Enterprises and enterprise that have investment in plant and machinery up to INR 10 Crore came under the category of Medium Enterprise.

What Is the New Definition of MSME Business In India?

In the new definition of MSME business, the business that have revenue does not exceed INR 5 Cr will be known as known as Micro Enterprise, the enterprises with the sales between INR 5 crore and INR 75 crore will come under the category of Small Enterprise and the enterprises with revenue between INR 75 crore and INR 250 crore will come under the category of Medium Enterprises.

What will be the benefit of New Definition of MSME Business In India?

• The first benefit that adapting a new definition for MSME Business is that it will make the classification system of MSME very transparent, liberal and transformative as taking turnover as a criteria for ascertaining New GST Registration (myonlineca[dot]in/gst-registration[dot]html). In GST Network will make reliable figure available that will eliminate the need of Inspection.
• The second benefit will be that it will increase consequent growth of MSME and will make way for expanded Growth in Direct and Indirect Employment in MSME Business in India.
• The third benefit that an MSME Business will get is that new definition will remove the clauses that used to exclude MSME Enterprises from getting benefits of the Promotional schemes for Development of MSME Sector in India.

Conclusion for Revised Proposed Definition of MSME Business in India

I would like to point out to you that the number of MSME registered on Udyog Aadhar (myudyogaadhar[dot]org) till July 12, 2018 is 48.40 lakh, also the export of MSME manufactured products from India has increased to $137.1 billion in 2016-17 from $130.8 billion in 2015-16. So Changing the Definition of MSME Business in India is Expected to be one of the positive move taken towards enhancing growth of the MSME sector in the Country. With taking Turnover as criteria to define MSME Business will help in decreasing some degree of GST Tax Burden on MSME Business and will help it to get some perks from the Government of India.

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In simple words, a debt consolidation loan means a loan taken to pay off earlier or existing loans and liabilities. This loan helps in refinancing the past debts of an individual, a business or a nation as a whole. In many countries, the government also uses it to pay off various corporate loans or to get over its fiscal policy. Such loans prove to be helpful when an individual or a particular entity wants to have a systematic way of paying off his entire loan only to a single debtor.

Process and Policy

The method of applying for a debt consolidation loan varies from nation to nation as per the country’s rules and regulations. In some countries, it may even vary from region to region depending upon its governance.

Usually, an individual debt comprises of housing loan, credit card bills, medical bills, and education loans, etc. On providing the listed set of documents, a debt consolidation loan is given by a lending and secured institution. The receiver of this loan can then pay off this loan in installments within the desired period (usually a month). These consolidations loans, however, charge a specific rate of interest, fees, points, etc. on the amount borrowed.

Eligibility

Not all individuals can apply for such a loan; there are certain constraints to it. The following factors are taken into consideration while approving these loans:

• The individual should be an earning person, and his salary should be little more than the total cost of his installment.
• He should be an adult and must complete a certain age as per the country’s rules and regulations.
• He should not be bankrupt which means that he should have a certain amount of savings and should be earning a favorable income to maintain a balance between his personal life and financial stability.
• Other factors such as the desired credit score, residential stability, job stability, etc. also matter in general but may differ from nation to nation.

Strategy

Many times, it happens that even after several attempts an individual fails to get his loan. In this case, he can follow the following ways to get one instantly:

• Online application – In the modern times, there is nothing that one cannot find online. The internet has access to almost each and everything today. You can search for online loan providers as there are many available in the market. Many times, online loan applications are straightforward, less documentation is needed, and approval also is quick; hence it’s not a bad option to apply online.
• Approaching local banks – Local banks are the one who usually does not ask for a lot of documents as the account holders are a part of their bank since a long time due to which the application process is applier friendly. The bank considers its account holders as loyal people as they have an association with the bank for a long time it grows the chances of approval of a debt consolidation loan.
• Securing loan against property – Though, this option is not recommended, but if one is urgently in need of a debt consolidation loan then he can secure his assets such as a house, vehicle, jewelry, etc. and apply for the desired loan.

Factors leading to a denial of debt consolidation loan

Sometimes it can happen that even after many attempts the individuals’ application for a debt consolidation loan is rejected. The following are some of the possibilities for the rejection of application:

• Low income: One of the main factors for denial may be low income. If an individual has a favorably low income to repay his debt amount his application can get rejected on his income basis. The approval of a debt consolidation loan needs certain income requirements, and if it does not meet its need, it’s denied.

• A bad or low credit score: If an individual has a poor score his application is rejected as debt consolidation loan requires certain criteria of credit score so that they can be able to grant the loan. Also, if the applier has a history of late payment of dues or no payment at all, there are high chances that the bank will reject his debt consolidation loan application. The lending institutions generally check the credit background of the applier and offer them a loan. 

• No security against loan: Sometimes it is vital for an individual to secure his loam against some of his assets so that the lending institution can recover their loss in case the applier fails to repay his debts. So, if the borrower does not have any asset to secure against his loan his application the bank can reject the loan. 

• High debt: Usually the lending institutions offer debt consolidation loan on a particular ratio against the income of an individual. In case the income of the individual does not match with the desired ratio and his debt ratio is too high the authorities deny lending debt consolidation loan to any such individual. 

• Stability factors: The lending institutions generally look up to certain stability factors when it comes to approval of debt consolidation loan. In this case, the bank considers the stability of the borrower regarding professional background and residential changes .E.g., if they notice that the individual is a frequent job changer, then there are chances that his debt consolidation loan application can get rejected.

From the above overview of the debt consolidation loan (DCL), on the whole, we can say that this is an excellent option for individuals who are stuck up in different loans. Debt consolidation loan offers a significant amount to the individuals so that they can pay off their several small loans. Usually, not much documentation is needed for applying for such loans, but you must keep certain factors in mind before applying for the same.

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In a time of rapid technical development, installing GPS Tracking System in cars has grown in popularity. Previously exclusive to fleet management and logistics, these solutions are now available to individual car owners. Here are three strong arguments for why equipping your car with a GPS monitoring device could revolutionize your driving experience.

Nowadays, everybody wants to take part on a faze, whether it be in a common labor force that’s attaining momentum as well as drive, or perhaps a wondrous special event, most likely a new work move that is certainly decided by many. With automobile tracking, the primary idea regarding driving protected depends on GPS vehicle tracking or getting your motor vehicle monitored by a satellite and also the information relayed to a spot as well as available in pure confidentiality. It is a credible means to fix one’s operating issues.

Below have given 3 major reasons to install GPS tracking system in your vehicle-

1. Real-Time Location Tracking
Real-time vehicle position monitoring is one of the main advantages of a GPS tracking system. Real-time tracking gives you important information about your vehicle’s whereabouts, whether you’re a business owner overseeing a fleet of vehicles or a worried parent watching over a young driver. This function allows for quick response and assistance, which is extremely helpful in emergency situations.

2. Enhanced Security and Theft Prevention
GPS tracking devices are an effective deterrent to car theft. These technologies are essential to swiftly retrieve the car in the sad event of a theft. Users can set virtual borders with advanced features like geofencing, and if the car moves outside of the preset area, they instantly receive warnings. This minimizes possible losses by improving security and facilitating the quick recovery of stolen automobiles.

3. Optimizing Fleet Management and Efficiency
GPS tracking systems have many benefits for companies that own a fleet of cars. They make it possible to plan routes effectively, assisting drivers in choosing the fastest and most fuel-efficient routes. Better fleet management is also facilitated by these systems’ useful data on vehicle usage, fuel consumption, and maintenance requirements. As a result, managing a fleet of cars is done more cost-effectively and with greater operational efficiency.

Key Considerations while Purchasing GPS Tracking System

1. Installation and Compatibility
Make sure the GPS tracking device you choose is compatible with the make and model of your car before making your purchase. Think about whether you would rather have a system that is hardwired or one that is portable and simple to transfer between cars.

2. Subscription and Service Costs
The price of a subscription and ongoing support varies among different GPS tracking systems. Analyze your spending and select a system that provides the functions you require without requiring needless extra costs.

3. User-Friendly Interface
Select a GPS tracking device that has an easy-to-use UI. For both private vehicle owners and companies operating a fleet, usability is essential in order to guarantee that data access and monitoring are smooth operations.

Conclusion
Installing a GPS tracking system in your car does more for you than only provide you with navigation; it also improves security, gives you real-time information, and maximizes efficiency. Whether you are a parent, a business owner, or just a concerned citizen, adopting this technology can be a game-changer for a more efficient, well-managed, and safe driving experience.

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Gold is considered to be one of the best investments today. Indians mostly prefer traditional forms of investment and prefer investing in gold jewelry, coins or gold bars. But with the changing culture and advancing technologies there are many more gold investment options available in the market today. An open minded approach towards gold investment will go a long way in bringing investors lucrative returns in the long run.

India and gold can be considered as synonyms to each other. Every Indian household be it middle class, upper middle class or rich has at least one article of gold which they love flaunting at that paparazzi party or save for a rainy day.

Have you ever wondered what could be the negatives of investing in gold in its physical form?

Cost: At first you are already putting in huge amounts of money for buying gold and if the ever increasing gold rates weren’t enough, you have to pay additional locker cost as you need to keep your gold safely.

Resale Value: Once you have bought gold jewelry, after some time you may feel like exchanging it for a new design. The resale value as compared to the gold price today would not be the same and you would be at a loss as the jeweler would be deducting some charges and would only buy it at the current day’s gold rate.

Purity: You can never be sure about gold’s purity in spite of all the claims being made by the companies today. As the gold prices keep increasing, jewelers often try making more and more profits by any means.

There are a lot of risks to be in possession of gold in its physical form – locker rent, and fear of theft being some of the associated risks. What then are the best ways to invest in gold in India? Let’s find out:

1. Gold Shares or ETFs

These are representation of physical gold in paper form. You just need to open one Demat account with any of the banks and you can start buying gold through it online. One gram of physical gold is equivalent to one gold share. You need not be worried about any additional charges here as compared to physical gold, for example making charges, etc.

2. Government Gold Schemes

With the ever increasing demand of gold and more and more people being inclined towards e – gold investment, Indian Government launched 3 gold schemes in 2015. The main idea for this initiative was to reduce import of gold and rather have the Indian economy benefited. The three schemes launched are:

• • Indian gold coin scheme
  • Gold monetization scheme
  • Gold sovereign bonds

3. Gold Mining Shares

This is one of the most interesting and equally benefiting forms of gold investment. You just need to do a little smart research and you are done. In this type of investment you buy shares of the company which is involved in gold production. Indirectly you are part of that company involved in gold buying process. You just need to be a little watchful of the background of the company.

4. E-Gold

National Stock Exchange or NSE introduced the concept of E-Gold investment in the year 2010. You do not have any upper or lower limit for this investment and it all depends upon you. At any point of time you can sell e-gold and buy physical gold from it.

5. Gold Futures

This is one of those investments which we call as hit or miss. It is a contractual investment where you get into a contract with an initial installment and pay the remaining amount at the closure of the contract. Now the catch here is you will have to close the contract even if you are at a loss.
Though there are many investment options available in the market today but investing in gold remains one of the best. Gold will always be an asset and help you in the longer run so keep yourself invest in gold.
One should ideally be setting aside at least 2% to 8% of the income towards gold investment. You should not expect immediate returns on this. However it would be an added asset in the future. Although physical gold or gold jewelry remain to be the best options, there is no harm in exploring other gold investment options as well.

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You have heard the famous saying, “Health is Wealth”. And yes, it is true. You work so hard to live a good life, to give your loved ones your children all the facilities. When you do this much in your life, then you also have to care about your health without worrying about the money you have to spend for this purpose. Health Insurance companies always advise you to plan your health insurance earlier, but if you haven’t purchased your health insurance till now, still it is not too late. Consult your health insurance and get the best health insurance for you and your family.

Also, remember to know about the various government schemes on different health insurances which will benefit you more. Just don’t bond yourself if your health cover plan, make its use as much as possible.

1. Recovery benefits from Health Insurance

This benefit is also known as the recuperating or recovery benefit. In this, the insurance company is responsible for the cost recovery of the insured under the project. Benefits given include additional costs that may result from hospitalization, such as loss of income. If the insured is hospitalized for 7 to 10 days, the insurance company will pay a one-time fee.

2. Alternative Treatment from Health Insurance

In recent years, the popularity of alternative therapies has increased in many ways. This has prompted many insurance companies to adopt alternative therapies such as Ayurveda, Homeopathy, and Yoga.

3. Cover Organ surgery related expenses from Health Insurance

For example- the cost of the kidney transplant could range between the Rs. 3 lacs to Rs. 5 Lacs. If you have the health insurance, it ensures that you will not have to worry about the medical expenses before undergoing the surgery. Most of the insurance companies cover organ transplant cost as their regular health insurance coverage.

4. Exceeding the days of Treatment are covered in Health Insurance

Under this section, many insurers have expanded their insurance coverage to include treatment taken under the medical supervision. Though, insurers have covered the amount and number of days for which the benefit is available.

5. Attendant Allowance is covered in Health Insurance

Insurance Companies offers this section, in which adults accompanying the insured at a hospital, provided the insured is a child. Generally, in most of the cases, the numbers of days for which an insurer pays the attendant allowance is fixed.

6. Cash allowance is also available in some Health Insurance

Daily Hospital cash allowance offers additional financial protection, in which it takes care of the expenses which are not covered under the health insurance, such as food and travel.

7. Free regular health check-ups

It is another benefit of the health insurance about which many people don’t know, it says that the policies offer free periodic health check-ups to their policyholders after every 4 or 5 claim-free years. Insurers offer cashless health check-ups if all the tests are done in the listed hospitals or centers.

8. Dental treatment in Health Insurance

Dental treatment is covered by many insurance companies once in a few years with some limits.

After seeing its benefits now, you know the various advantages of having health insurance. It makes you independent, now you are no more dependent on your relatives or any other for borrowing money for health issues. Your insurance policy supports you to get the best medication. Let us look for the reasons that why having a health insurance is important in India.

Why is Health Insurance important in India?

Living in this fast-paced world has become more and more intense and has led to major health conditions, especially among Indians. Millions of Indians die because of heart disease and diabetes. According to the World Health Organization, these are the main cause of death in India. In addition, respiratory diseases, childbirth complications, and infectious diseases are also paralyzed.

Given that Indians are more likely to suffer serious health problems, have you considered protecting your family and yourself from these injuries? Rising health care costs can lead to financial difficulties and this can further raise more difficulties and some time it has been seen that because of financial difficulties many people commit suicide so that their family doesn’t spend much on them. But these problems can be cut off by maintaining proper sanitation, health and having a health insurance.

Health insurance has many benefits, and in India, it is fruitful for those people who are fighting much due to lower financial status. Health insurance is the best way to protect yourself and your family from these kinds of problems.

Health Insurance coverage

Insurance providers offer different types of plans to maximize coverage and benefits. In some of the health insurance coverage, it includes the pre and post-hospitalization expenditure, hospitalization costs, daycare facilities and domiciliary treatment.

Two basic types of Insurance in India-

Benefits that Indian people get from Health Insurance plans

1. Financial stability

In an emergency people don’t have that much money which they can use in the case emergency and also the emergency medical expenses may result in several financial distress. But the health insurance plan helps you in this situation.

2. Best treatment you get

Due to lack of funds, people compromise on the treatment, but with the best health insurance plan, you have the assurance of procuring the best treatment to overcome any health condition.

Conclusion

After all the discussion over here about the health insurance, now you completely know about the health insurance and its benefits. If you have the best health insurance, it make-able to fight any health issue and you won’t get over from your funds and savings. You get best treatment options and many different benefits which are far more than only paying expenses for the hospitalization.

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Digital payments, e-wallet and financial services platform, MobiKwik, has integrated Unified Payments Interface (UPI) on its platform via its own VPA (Virtual Payment Address) handle @ikwik.

MobiKwik has its own customized VPA handle “@ikwik” for making payments unlike existing UPI based services offered by non-banking entities.The company has claimed that safety has been given utmost priority in MobiKwik UPI app and users can be rest assured about their data security, even in case of loss of SIM or device.

MobiKwik is the first in the industry to offer UPI access to a huge base of 3 million merchants on its app. It is also amongst the first few in the industry to offer Bharat QR, UPI QR and Intent Functionality for merchant payments.

Additionally, all MobiKwik users will be able to do P2P bank transfers using UPI. The company claims that its UPI app is 100% in compliance with the NPCI guidelines and is the most secured UPI app till date as per NPCI.

MobiKwik’s users can use their mobile number as their own VPA which will be ‘@ikwik’. They will also be able to link multiple bank accounts with just one VPA and can change primary account as per their requirements. Users can simply scan and generate UPI QR functionality to send and receive money using VPA and phone number from the contact list. If the receiver is also registered in Mobikwik UPI ecosystem, sender can send money by selecting his contacts from the phone book without remembering VPA domain. It will also be possible for users to request money using UPI on the MobiKwik app.

On this development, Bipin Preet Singh, Founder and CEO, MobiKwik, said, “Our strength lies in user experience, the wide network of merchants and the numerous daily life use-cases we power. We intend to provide all payments options, including wallets, virtual cards and UPI, to ensure convenience across our user base. Mobikwik will be first player of scale to include all inter-operable features in its UPI launch app. We believe that with UPI on our platform, we will be able to empower our users with the power of transferring between bank accounts in an extremely safe and simple manner. With the roll out of UPI, we expect a reduction in the usage of debit cards and internet banking on the MobiKwik app, as UPI will offer a better user experience. Keeping in mind our reach on the merchant side, we hope to substantially increase momentum of merchant transactions on UPI. We will be adding more payment options for the benefit of our users in the times to come.”

Promoted by the Government of India, UPI powers multiple bank accounts into a single mobile application of any participating bank, merging several banking features, aimed at offering seamless routing of fund and merchant payments from this single platform.

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Proper Tax Planning not only reduces the amount of Income Tax that you are liable to pay but it also encourages you to save and invest your money so that you can fulfill your financial goals. There are a number of ways by which you can minimize the burden of Income Tax on you.  Here you will find the best five investment options for saving tax.

1. Equity Linked Savings Scheme

Equity Linked Savings Scheme or ELSS is considered as one of the best Tax saving options in terms of returns, liquidity, transparency, and taxability of income. The average returns from the ELSS category in last three years have been around 17.8%.

There is quite a high amount of risk involved with ELSS funds. But if you look at the long-term picture of 3 to 5 years of investment, you will find that ELSS funds have outperformed any other investment instruments in the market.

ELSS, however, is not the best option for everyone. Retired taxpayers, for instance, should prefer other tax saving instruments over ELSS. The best option for them is to invest in senior citizen saving’s scheme or in immediate Annuity Pension plans as there is less risk involved with them.

2. Unit-Linked Insurance Plans

Unit-Linked Insurance plans or ULIPs are the second best Tax saving options after ELSS. It has given 9.8% returns in the past three years. ULIPs are insurance cum investment products offered by Life Insurance Companies. They are cheap and offer greater flexibility to switch between funds.

All reputed Life Insurance providers in India offer ULIP products. The best part of ULIP products is that it offers life coverage. In case of the policyholder’s death, a ULIP pays out the sum assured to the nominee chosen by the Life insured.

Being market-linked products, ULIPs also involve certain amounts of risk. But if you have a good understanding of market timing, you can switch fund from equity to debt or vice versa. Moreover, you can enjoy absolute tax exemption under section 10(10d).

3. National Pension Scheme

National Pension Scheme or NPS is the third best tax saving options in our list.  NPS has become more attractive among taxpayers after the budget 2017-18 as it has offered an additional tax deduction of Rs. 50,000/- . Moreover, the fund managers are now allowed to invest more and more in stock which is expected to give better returns.

In the last three years, the NPS returns have been 9.5% which is quite an attractive number for encouraging more investment in this scheme.

The only downside of NPS is that the annuities you receive after the maturity of the scheme are taxable. However, requests have been made and the Government is considering income tax exemption for NPS annuity income.

4. Pension Plans

Retirement plans are the best tax saving options for you if you are on the verge of retirement. Pension plans allow you to save for your post-retirement life.  It allows you to maintain a regular flow of income while providing comprehensive life cover.

Pension plans are good investment option as shows the last three years’ return rates. Pension plans can get you 7% returns, if not more. Moreover, you can enjoy tax benefits and other benefits by investing in a pension plan.

The only problem with Pension schemes is that they are expensive. So if you want a cheaper option, go for mutual funds. Pension plans launched by mutual funds are cheaper than those offered by Insurance companies.

5. Child Education Plans

If you are concerned about your child’s higher education, you should invest in a child plan. Child education plans offer risk coverage on the life of the child while bearing the cost of his or her higher education.

Child education plans guarantee that your child’s education never gets hampered in case of any unfortunate event in the future. If you die before the completion of the policy, the insurer will pay all future premiums on your behalf till the date of maturity.

Child education plans are offered by most of the life insurance providers in India. Though many people are of the opinion that insurance plans are not good investment options in terms of returns, but child education plans are worth investing because of the benefits they provide.

There are a lot of other options where you can invest your hard earned money. But in our opinion, the ones discussed above are the best investment options that you can consider for growing wealth as well as for saving tax.

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TDS (Tax Deduction at Source) could be part of Income in turn income tax that is already paid by the assessee whether an assessee is eligible for the income tax or not whereas an income tax is a tax that government imposes on financial income generated by any individual or firm which is a key source of capital that the government uses to fund its activities and serve the public.

There is some difference in computation part, i.e. TDS is deducted before the income reaches to any individual or entity which then after can be calculated and if over taxed then it can be refunded.

The Central Board of Direct Taxes (CBDT) regulates the policy and planning of taxes. CBDT is also responsible for administering the direct tax laws through the IT (Income Tax) Department. In addition to the collection of taxes, the IT department is also involved in prevention and detection of tax avoidance.

What is Income Tax?

The Income Tax Act, 1961 regulates the collection, recovery, and administration of income tax in India. It is a compulsory contribution levied on individual’s personal income as per his/her earning which is divided into different slab percentage according to which the money gets deducted after all the exemptions from your gross income.

Income Tax is paid on the annual income where taxes are computed for a particular financial year.

What is Tax Deducted at Source (TDS)?

TDS is a part of income in turn Income-tax that is already paid by the deductee whether a deductee is eligible for the income tax or not which can be set off against Income tax and balance tax liability to be paid. Necessary adjustments of TDS are done while filing Income Tax return and in case any excess amount is deducted or over taxed then that can be claimed to refund.

TDS aims to collect tax from the very source of income. A person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount which deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

TDS can be deducted from Income from salary, income from any commission, professional fee, interest from FD and many other income sources etc. so tax deduction at the point of generation of income is known as Tax Deducted at Source or TDS and the same is deposited to the Income Tax department of the concerned area. It is deducted at source on a periodic basis say quarterly in the particular year for the salaried individuals and for others it is deducted on each set of incomes and then can be claimed.

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Facebook is having a not-so-good time since last month as it has come under scrutiny from several government authorities for sharing user data with a third-party consulting firm. For the same #DeleteFacebook has been trending in twitter and many of us have of course deleted our Facebook accounts as well in the same row of data stealing.

Recently social media giant has also been in limelight gathering regular call and SMS data records from smartphones. It is also possible to turn off this feature by visiting the Messenger settings page for Messenger and Facebook Lite users. Follow the steps below to stop Facebook from recording your call-

If you want to see your Recorded data and delete it in Facebook, visit below links

1. Login to your Facebook account
2. Messenger users can visit the link and delete all contact information.
3. Facebook Lite users can perform the same steps from link.

The social media giant reconfirmed that it never sells these data and the feature does not collect the content of the SMS or calls.
You can however, check what all data of yours has Facebook captured until now. All you need to do is to download the .zip file.

The steps to download data from Facebook are as below

1. From your desktop, visit the page
2. Go to account setting page, Click on ‘Download a copy’ link from the bottom at General account settings page
3. Once clicked, you will see a ‘Download your information’ page with an option to click on ‘Start my Archive’.
4. Clicking on that will open a dialogue box asking for your password. Once the password is provided, there will be a prompt saying that Facebook will notify you once the data is ready to download.
5. Once ready, you can click on the notification and download the .zip file on the desktop.
6. After downloading, extract the files and click on ‘HTML’ followed by ‘contact_info’
7. Scroll below and see what all call and SMS data of yours Facebook has gathered over the years.

The document also shows what all advertisers are using your Facebook contact information. This can be seen under the ‘Ads’ option. There is also an option to see the same from inside the app as well.

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StartupIndia scheme is a golden scheme launched by Government of India under MINISTRY OF COMMERCE AND INDUSTRY to promote and grow the startups in India.

Government of India has introduced very efficient policy to support startups & new business ventures with creative & innovative ideas.

StartupIndia is a campaign to promote banks for financing new ventures to encourage entrepreneurship and star ups with jobs creation. Announced by hon’ble Prime Minister Narendra Modi in his lecture on 15th August, 2015 from the Red Fort, to encourage entrepreneurs for creating jobs instead of doing jobs and increase employment in India.

The purpose of this Scheme is to restrict role of States in policy domain and to eliminate of “License Raj” and break hurdles like in land permissions, foreign investment, environmental clearances, political interferences etc. It was regulated by DIPP (Department of industrial policy and promotion).

1. Incorporate your Startup/Business

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. You can refer our earlier post to get the help on Incorporating a company.

2. Register with Startup India

Go to StartupIndia website and follow the simple steps to get registered there as a startup. The entire process is simple and online. All you need to do is log on to the Startup India website and fill up the form with details of your business and upload certain documents. Give entity details, startup office address, authorized representative details, Directors and Partners details etc.

3. Documents in PDF format to be uploaded

A) A letter of recommendation/support

A letter of recommendation, from any of the below, needs to be submitted along with the registration form.(i) A recommendation (regarding innovative nature of business) from an Incubator established in a post-graduate college in India, in a format specified by the Department of Industrial Policy and Promotion (DIPP)

(ii) A letter of support by an incubator, which is funded (in relation to the project) by Government of India as part of any specified scheme to promote innovation

(iii) A letter of recommendation (regarding innovative nature of business), from an Incubator, recognized by the Government of India in DIPP specified format

(iv) A letter of funding of not less than 20% in equity, by any Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network, duly registered with SEBI that endorses innovative nature of the business

(v) A letter of funding by Government of India or any State Government as part of any specified scheme to promote innovation

(vi) A patent filed and published in the Journal by the Indian Patent Office in areas affiliated with the nature of the business being promoted.

B) Incorporation/Registration Certificate

You need to upload the certificate of incorporation of your company/LLP (Registration Certificate in case of partnership)

C) Description of your business in brief

A brief description of the innovative nature of your products/services.

1. 1. If you want to avail Tax benefits under this scheme: Startups are exempted from income tax for 3 years. But to avail these benefits entity must be certified by the Inter-Ministerial Board (IMB). Start-ups recognized by DIPP, Govt. of India can now directly avail IPR related benefits without requiring any additional certification from IMB. There are certain other conditions as well like the entity must be incorporated on or after the 1st day of April, 2016 but before the 1st day of April, 2019, and must be working towards innovation, development or improvement of products or processes or services, or should be a scalable business model with a high potential of employment generation or wealth creation.
   2. Finally self-certify for below steps-
      A) Entity must be a Private Limited Company, Partnership firm or a Limited Liability Partnership (LLP) B) Turnover must be less than 25 crores per year. C) Innovation is a must– the business must be working towards innovating something new or significantly improving the existing used technology. D) Your business must not be as a result of splitting up or reconstruction of an existing business.

Apart from the tax benefits startups get after registering in this program, startups also get funding support. Government has set up a fund with an initial corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR 2,500 crore per year) for the registered startups under StartupsIndia program.

Recently, SEBI has also taken steps to ease Angel Funding for Startups in India. You can follow the above steps to register your startup.

Other than this, there are certain Startup laws every Entrepreneur should follow.

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CBDT (Central Board of Direct Taxes) has introduced new income tax return forms (ITR forms) for the assessment year 2018-19 which seek more details from individual taxpayers about their salary structure, break ups and income from property.

It has also made mandatory for small businesses to report their goods and services tax identification number (GSTIN) and turnover reported under GST.

The new ITR forms require salaried taxpayers to disclose their salary break-up. Taxpayers will have to give details about allowances that are not exempt, value of perquisites, profit in lieu of salary and deductions claimed under Section 16. Typically, these are available in the Form 16 issued by the employer but do not have to be disclosed in the tax return.

Like last year, the one-page ITR-1, or Sahaj, form can be filled by salaried taxpayers having an income up to Rs. 50 lakh and one house property. Last year, 30 million taxpayers filled this form, the tax department said in a statement.

Businesses with a turnover of less than Rs. 2 crore can do away with the requirement of maintaining books of accounts and instead pay a tax on the basis of a certain percentage of their turnover. However, the government fears that there has been misuse of the scheme.

The forms give non-resident Indians (NRIs) some relief. They can now provide details of their foreign bank accounts to claim credit or refunds. Earlier, they could only provide details of bank accounts held in India.

However, NRIs will no longer be able to file returns using the simple income tax return (ITR)-1 form, which can now only be used by residents. NRIs will have to use ITR-2, which seeks more information.

Types of ITR forms

• ITR-1 SAHAJ– For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income up to Rs.50 lakh
• ITR-2– For Individuals and HUFs not having income from profits and gains of business or profession
• ITR-3– For individuals and HUFs having income from profits and gains of business or profession
• ITR-4-Sugam– For Presumptive Income from Business & Profession
• ITR-5– For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
• ITR-6– For Companies other than companies claiming exemption under section 11
• ITR-7– For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

The new ITRs have been uploaded on the official website of the department–incometaxindia[dot]gov[dot]in.

The last date for filing the ITRs is July 31.

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Income tax is a tax that governments levy on the financial income generated by the different establishments in their jurisdiction. The funds thus obtained are used to finance its various functions. There are two types of taxes-Direct and Indirect. Income tax is a direct tax and other taxes like VAT, Service tax, Goods and Service tax are indirect taxes.

Taxes provide financial stability that is helpful in even distribution of wealth among the people of the country. Taxes play an important part in withstanding the upheavals of the economic cycles. The guidelines for the payment of income tax are based on the guidelines of the Income Tax Act.

As per this act, income from these sources can be taxed-

• Salaries
• Capital gains
• Income from house/property
• Profits from profession or business
• Income from other sources

Sum of income from all these sources is estimated as per the Income Tax Act. The tax rates are based on the earnings of a person and are termed as Income Tax Slabs. The Income Tax rates are revised every year during the budget.
Income tax is calculated yearly. Financial year begins on the 1st of April in a given year and ends on the 31st March the following year. Tax is imposed on the income earned in the previous year which is called as Assessment year.

The income tax deadlines for the financial years are-

• 31st July- The last date of filing returns for non-audit cases
• 30th September –The last date of filing returns for audit cases.

Filing of Income Tax for Salaried Persons

People earning income can file the income tax returns as per Form 16. The details of income are mentioned in Form 16 issued by their employers.

Income Tax Returns (ITR)

Tax Returns are a statement of earnings from different sources of income and these include tax liability, details of tax paid and other refunds that they should get from the government.

Late Filing of Income Tax Return

Income Tax Returns should be filed before the deadline to avoid the penalty for non-filing of tax returns.

The clause ‘losing relief in case return not filed within due date’, was apparently not completely and clearly understood by the people and they concluded that complete Chapter VI A deduction is covered. The general public seems to have understood that deduction u/s 80C (payment of School Fee/LIC/PPF), 80G (Donations), 80D Mediclaim, 80TTB & 80TTA (interest from the bank) will no longer be allowed if the filing of the Income Tax Return is done after the due date. This is not true as only Part C of Chapter VIA is included in the budget proposal.

There are chances of loss of relief in case of some incomes mentioned in Part C and this is when the ITR is filed after the due date. The relief permitted under the other four parts will remain undisturbed by the proposed amendment. The Chapter VIA of the Income Tax Act 1961 covers the “Deductions to be made in Computation of Total Income”.

There are five parts to this chapter.

• • Part A is General and covers Sections 80A, 80 AB, 80AC, and 80B.
  • Part B covers deductions in respect of some payments (containing Sections 80C to 80GGC)
  • Part C includes deductions in respect of some incomes (this includes Sections 80H to 80TT)
  • Part CA covers deductions with respect to other incomes (covering Sections 80TTA and projected 80TTB)
  • Part D includes other deductions (covering Sections 80U).

Payments of Life Insurance Premiums, investing in school fee, provident fund, health insurance, medical treatment, preventive health check-up, interest for loans taken for house property/education, charity given to some institutions, rent paid, and political parties etc. are included in Part B of Chapter VIA and will remain unaffected by the proposed amendment. This amendment will not affect the deductions of Bank interest u/s 80TTA and proposed 80TTB and person with disability u/s 80U will remain unaffected by this amendment.

As per this proposed amendment, the people who are eligible to claim deductions covered in these sections only will not get deductions under Part C of Chapter VIA if their IT return is filed after the due date. This includes Section -80-IAC, Section 80-IBA, Section -80JJA, Section 80LA, Section 80P, Section 80 QQB, Section 80 RRB.

The following sections under Part C of the chapter VIA have been in force under section 80A I case of filing IT Return after the due date. These are Section 80IA, Section -80-IAB, Section 80-IB, Section -80-IC, Section-80-ID, and Section-80-IE.

A study of Part C shows that even though this part had 41 sections only 14 are applicable in the present context. Thus the general public should not feel anxious about losing the deductions available to them under Part B, CA and D even if they file the Income Tax Returns after the due date but prior to the relevant Assessment year or before completion of the assessment whichever takes place earlier.

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Aadhaar Virtual ID (VID) is the alternate way to share your Aadhaar number when actually you are suspicious about sharing your 12-digit main Aadhaar number. This Aadhaar VID will do the same authentication as real Aadhaar does.

It will allow you to authenticate transactions and e-know-your-customer (KYC) services instead of providing your Aadhaar number, to both private and government institutions.

The VID is a temporary, revocable (when you generate another VID, previous VID will become void) 16-digit random number mapped with the real Aadhaar number.

The Unique Identification Authority of India (UIDAI) stated that one’s Aadhaar number cannot be derived from the VID that is generated so it is safe to share your VID wherever it is needed. The VID can be used for the purpose of authentication in the same way the Aadhaar number is used.

How to generate Aadhaar Virtual ID?

1. Go to UIDAI resident portal
2. Click on Virtual ID generator at the Aadhaar services column
3. Give your Aadhaar number in the text box and fill the captcha or security code
4. It will send OTP (one time password) in your registered mobile number
5. Enter OTP in the right hand side text/input box
6. Select Generate VID/ Retrieve VID radio button and submit

This way, Aadhaar Number holders can generate their 16 Digit Virtual ID (VID).

Since this is a digital ID, Aadhaar holders can regenerate it multiple times, which makes it safer than providing your actual Aadhaar number. At present, the VID is valid for a minimum of one day, which means an Aadhaar holder would be able to re-generate a new VID a day after he has generated the first one. Further, there is no expiry period defined yet for the VID and it will be valid till the time a new one is generated by you.

Filing income tax returns became earlier online and the last date to file it is March, 31. You can also pay your advance income tax through the internet, using the net-banking facility.

Steps To Pay Income Tax Returns Online

To pay your tax online, here are the simple steps to be followed as below-

1. Login to the Income tax website
2. Click on Services > e-payment
3. Select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284 or Form 26 QB demand payment (only for TDS on sale of property) as applicable.
4. Enter your PAN/TAN number and all the other mandatory challan details including accounting head under which payment is made, address of the taxpayer and the bank through which payment is to be made etc.
5. After the relevant data is entered, Submit it.
6. A ‘confirmation screen’ is displayed. If the PAN/TAN entered is valid and matches with the ITD PAN/TAN master, then the full name of the taxpayer as per the master will be displayed on the confirmation screen, validate the same.
7. On confirmation of the data entered (that appears on the screen), the taxpayer will be directed to the Netbanking website of the bank where one needs to pay the tax.
8. Login to the Netbanking website using the bank’s user ID/password for net-banking.
9. Enter the payment details on the bank’s website.
10. Once the payment has been made successfully, a challan counterfoil is displayed. This contains CIN, payment details and bank name through which e-payment has been made. This counterfoil is the proof of the payment that you have made.

You can also pay your income-tax using government apps like Umang and Aaykar Setu.

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If you have PPF account and due to some unforeseen circumstances, you need to withdraw money from PPF account then this may incur some or great losses to you. Withdrawing money from immature PPF account is not recommended yet people need the money in urgent situations then in this case let’s explore the consequences of this and clarify the apprehension you have for the premature PPF money withdrawal. Public Provident Fund (PPF Account) come to appear like a great tool to channelize little savings and keep them for retirement. What a lot of people are unaware of is that it makes a great investment tool as well.

But before we invest in PPF we need to have a basic idea of what exactly PPF is and all the knowledge about deposit, withdrawals, and returns. PPF comes across as one of the safest ways to make an investment as it is government regulated and therefore provides security of your investments and with the return of 7.8% on an average in the recent years PPF beats any other form of investment and is therefore considered as the best long-term investment too.

Although the fact remains that the rate of return varies from year to year according to the market, but is anyway good for cautious investors who do not want to invest in the equity market and wishes to go for an investment which provides both safety and good returns.

But PPF scheme lays down certain strict and specific rules when it comes to withdrawal from the PPF account. What you read ahead will guide you through all the withdrawals from your PPF account along with providing an all-round idea on the PPF scheme.

What Is PPF (Public Provident Fund)?

Public Provident Fund is a very widespread long-term investment option which is initiated by the government which comes with a lock-in period of 15 years. It accumulates regular returns on investments and sums up the entire amount, the interest along with the principal investment on maturity. The minimum one may invest in PPF stands to be Rs. 500 whereas the maximum investment in a year is fixed at Rs. 1,50,000. PPF comes with tax savings benefits. The invested amount in PPF is eligible for an income tax deduction, provided you file a claim producing your investment proofs at the time of filing income tax returns.

The complete withdrawal of the invested amount in a PPF scheme is only possible after maturity, that is, only after the 15^th year from the date of creation. However, partial withdrawal is possible which are again subjected to certain rules.

How To Check PPF Account Balances?

Checking your PPF account balance is quite easy if you have net banking enabled. All you have to do is to log in with your User ID and password under PPF section and click on information balance and you will find all the particulars regarding balance in the account, interest accumulated, deposits made and more such.

However, in case you have a PPF account with a Post Office, you may not be able to check your PPF account balance for all the branches. You have to visit the respective post office wherein you have an account with your passbook and get your passbook updated in order to know the current balance.

Withdraw Money from PPF Account Prematurely

PPF is a scheme for the long term. However, that doesn’t mean that you are not eligible to withdraw any amount before the maturity period of 15 years. One is allowed to withdraw from the PPF account right after the completion of the 5^th year since the account was opened. This definitely makes PPF a multipurpose tool that helps you withdraw in times of financial emergencies even if that is before the date of maturity. Also, PPF provides loans for a short term in order to meet your financial requirements which comes at the cheaper rate of interest as compared to any commercial bank or financial institution.

The rules for withdrawals state that 50% of the accumulated amount can be withdrawn after the 5^th year since the date of creation of the account. But it is here where the PPF account holder has invested between 7 years and 12 years, the limit of withdrawal becomes higher.

It is important that the account holder follows the financial year, that is from 1^st April to 31^st March in order to get an estimate of the withdrawal period. The time-frame is necessarily the financial year for the withdrawal. Also, it is to be let in mind that only one partial withdrawal is permitted in one financial year.

The account holder has to go through an application process for withdrawal which includes submission of Form C through the bank they maintain their account in. The applicant needs to mention the account number and the amount to be withdrawn in the Declaration section of the form. The number of years completed from the date of initial subscriptions also needs to be specified.

The account holder has an eligibility to withdraw the full accumulated amount after completion of 15 years from the date of creation. The account holder also has the option of leaving the amount un-withdrawn but then he has to apply for a term extension of 5 years. Premature closure of PPF account, however, is possible only in the event of the death of the account holder. You can calculate the PPF withdrawal amount using PPF calculators.

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