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Factors that impact your CIBIL score

April 18, 2016 9805 Views 0 comment Print

Banks and financial institutions have a stringent process of screening the loan applications. They use the CIBIL score of an individual to check his credit worthiness. CIBIL (Credit Information Bureau of India) acts like a central database of loan and credit card information. Based on the payment records of customers it calculates a CIBIL Score and prepares a credit report which is then used by the banks to assess the loan eligibility. Given the fact that the CIBIL score is the first major deciding factor on whether you qualify for a loan or not it is imperative for you to have a good CIBIL score. Let’s understand the factors that affect your credit score.

FISDOM – an app to assist you with all your investments

April 18, 2016 5242 Views 0 comment Print

Everyone wants to invest their savings and rotate money in a right way. High Net worth Individuals has advisors to assist them in their investments while we too have a friend to assist us. Our friend’s name is ‘Fisdom’ who is just a click away in google play. Just download it and invest money to build your dream home or purchase a dream car for your loved ones.

MCA enables cancellation of SRN

April 18, 2016 26581 Views 10 comments Print

My account is debited on making online payment; however, corresponding challan/receipt is not generated and system does not allow filing of the form again. What should I do next? OR The payment was made but the SRN status is ‘Pending for Payment’ or ‘Not Paid’. What should I do next? You need to cancel your […]

8 Most Commonly asked Queries related to ROC Website

April 18, 2016 16252 Views 3 comments Print

Common resolutions For MCA21 related queries including Annual filings, Linked filings, Cancel SRN service, Resubmission, and Additional Fee waiver 1. Which eforms can I file as attachments with GNL-2? Annual filing eforms under the Companies Act, 1956 viz. 23AC/ACA, 23AC/ACA-XBRL, 20-B, 21-A, Form 66, I-XBRL, A-XBRL, 23B, 23C and 23D would be made available shortly […]

Distribution of Cash Benefits through Depositories

April 18, 2016 1561 Views 0 comment Print

All cash benefit distributions are being processed outside the depository system. Thus, no information is available in the demat account with respect to entitlement of cash benefits and payment of the same to the investors. In case any investor requires any information or has a complaint with respect to above benefits, they are required to approach the respective issuer companies or their Registrar & Transfer Agents (RTAs) which may be inconvenient to the investors.

CBDT Draft Rules For Grant Of Foreign Tax Credit U/s. 90/ 90A/ 91

April 18, 2016 5245 Views 0 comment Print

The Income-tax Act, 1961 (the Act) provides that the Central Board of Direct Taxes may prescribe rules specifying the procedure for grant of relief or deduction of income-tax paid in any country or specified territory outside India, under section 90/ 90A/ 91 of the Act against the income-tax payable under the Act.

Service of notice via speed post without delivery proof is invalid

April 18, 2016 7306 Views 0 comment Print

The appellant has contended that the primary adjudication order claimed have to be sent by speed post was not received by it and when it received copy thereof, it filed the appeal within the prescribed period.

BEPS and India Budget 2016 Proposals

April 18, 2016 2176 Views 1 comment Print

The objective of the BEPS Project is to close gaps in international tax rules, effectively eliminating or substantially reducing BEPS; and to secure government revenues by ensuring that profits are taxed in the jurisdiction where the economic activities generating such profits are performed and where value is created.

Payment Gateway – helping the business globally

April 18, 2016 6373 Views 2 comments Print

In common parlance, a Payment gateway is an online platform which facilitates acceptance of payments electronically through various available options like credit card, debit card , bank transfer and real-time bank transfer based on online banking. The role of payment gateway in facilitation of payment acceptance online makes them an essential element of the e-commerce industry. These are growing and emerging along with the e-commerce industry. (Example: Paypal, Directpay, Alert pay, CCAvenue, PayUMoney etc.).

Notaries (Amendment) Rules, 2016

April 18, 2016 19588 Views 0 comment Print

In the Notaries Rules 1956, (hereinafter referred to as the said rules), in rule 7, in sub-rule (3), after clause (e), the following proviso shall be inserted, namely:- Provided that in respect of categories (b) and (c), if the memorial in Form II is found to be in order, the competent authority may issue certificate of practice as Notary directly by exempting appearance before the Interview Board.

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