Online Knowledge Zone

 Taking a loan against your PPF account (Public Provident Fund) can be a helpful option if you need funds before your account matures. However, there are specific eligibility criteria and steps to follow. Here's a breakdown: Eligibility: Account Age: You can only apply for a loan between the third and sixth financial year of opening your PPF account. Minimum Loan Amount: There's no minimum amount, but the maximum is capped at 25% of the balance in your account at the end of the second preceding financial year . Steps to Take a Loan: Contact your PPF account provider: This could be your bank branch or post office where you hold the account. Submit a Loan Application: The application form can usually be obtained from your provider's branch. Required Documents: Along with the application, you might need to submit your PPF account passbook or statement showing the balance. Additional Points: Interest Rate: The loan interest rate is 1% higher than the prevailing PPF int...

India's Biggest IPO (Initial Public Offer) of LIC (Life Insurance Corporation of India) is live. After Paytm, LIC will be the biggest IPO in the history of India with an offer of 21,008.48 Crore. Today we will let you know all the details (Pointwise) of the IPO so that you can make the decision on whether to apply or not. Open a Free Demat account with Paytm Money and Apply LIC IPO with Zero Brokerage:   Click Here Introduction LIC is India's Largest Insurance Provider Company with a Market share of more than 66% As of 30 Sep 2021: 1. It has a total AUM of Rs. 39 lakh crore. 2. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. 3. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. 4. Variety of Products such as Life Insurance, Unit Linked Insurance Policies, Health Insurance, Pension Products, Saving Products, etc. About LIC Positive Highlights: 1. LIC is an...

As a common man, whenever we required some services from the Government, we simply go to the agents and they do our work but in return they charge huge amounts Have you ever thought what special features they use to get your work done. the answer is "nothing" For every government service, there is an individual website for that. Example: to prepare PAN card NSDL is there, to prepare AADHAR card UIDAI is there etc. The agents simply visit those websites and fill up the forms. The agents charge their service cost which is in big amounts. There is no special technology or special treatment they receive from the government but just they have additional knowledge about that thing which they practiced many times because of which they are able to provide those services to normal public So, from those many services: Registration of Company in India is one of them for which people pay huge amounts to CA's, CS, Lawyers, Consultants etc. but you will be amazed after knowing that t...

We all know what are Cryptocurrencies because the world has been changed with the introduction of  “Bitcoin” Cryptocurrencies are Digital Currencies formed with the Cryptography Technique where users can store the currency in digital manner (decentralized manner).  Here, the authority & privacy is totally in the hands of Person with whom the Cryptocurrencies are available. There is no higher authority like Reserve Bank who controls the flow of currencies in country. Transfer of Cryptocurrencies are one-o-one process which is called pear-to-pear network where there only two parties available:  The sender and the receiver not any Bank or Financial Institution. Now, as per the Title:  Yes, Bitcoin is not the Most Expensive Cryptocurrency in the Market. The maximum level did bitcoin touched was 46 Lakhs (Roundly) in May 2021 but the Coin named  Yearn Finance  is the most valued/expensive currency in the market currently. It touched the price of 78 Lakhs on ...

I have gone through the Confusions and Questions of many people that "Do they compulsory required a CA for the filing of Income Tax Returns and other Tax Returns" So, today we are here to give the answer of this question You don’t need to hire any CA to file the Tax Returns (in most of the cases) but there are some cases or situations where the signature of CA’s are required. Let’s discuss about the filing guidelines of Main 3 Tax Returns in India: Income Tax Returns Income Tax is the most used Tax Concept by every group of Individuals in India. When you cross the certain criteria of Income, you need to File Income Tax Returns Every Year, Individuals hire CA’s and Tax Consultants to file their returns but over the years the government has made the process of filing so easy that every individual having basic knowledge about Taxation and General English can file it’s ITR 1. But in case of ITR 2 to ITR 7, you need to hire a Professional Tax Consultant. There are many cases where...

New Rule has been introduced by the Government of India in Union Budget in Feb 2021 that “If any person deposits more than 2.5 Lakhs in a Year in PF account through PF Deduction, then he will liable to pay tax on Income/Interest received from that amount” We know that Companies having more than 20 employees deduct and deposit the amount of Provident Fund along with Employer’s Contribution on which the employee also received the Interest from the government. According to the latest Union Budget 2021, If an Individual Contribute more than 2.5 Lakhs (in a year) in PF Account then the income (interest) earned on that Deposit will be taxable but only in that situation where the Total Income of Taxpayer exceed the Slab Rate of 10% (which is more than 5, 00,000 in both Old and New Tax Slab Regime) in any year This interest will we treated as Separate Interest Income like Interest on FD but here is no Bank to deduct TDS on your Interest, you needs to Calculate Advance Tax and pay tax on Time...

This Article has been added for the Information Purpose and to encourage you about the Investments in Stock Market for which you need a Demat Account and a Best Broker with Proper Customer Service Facilities. So, I am strongly suggesting you to Go and start your Investments with “Ganesh Stockinvest Private Limited” which is the best known Stock Broker in Lajpat Nagar, New Delhi (No Doubt if I say in Whole Delhi) We know that you can start your Stock Investments through Online Mobile Applications but before that, you need to read this and enrich yourself with Proper Knowledge I have started with the wording “Proper Customer Facilities” because we know that you can start to invest in Stock Market from any Online Mobile Application based Facilities but will you get the Following Support from them: 1. On which stock you should invest? – Investment Calls 2. When you need to purchase or sell particular share? 3. Will any Company opens your Free Demat Account? 4. Will any Com...

We saw that People pay 500 - 5000 just to Apply for the PAN card in Cyber Café or to CA. We understand that the Person took the Service Fee of doing so but why we are paying the amount for that work which we can do on our own. Today we are describing you the Online PAN Card Application Process where you can easily apply for the PAN card on your own without any External Help Steps-by-Step guide to Apply for PAN Card Online: (We are following the most famous PAN Application process through NSDL) you can also do the same below mentioned process through UTITSL also) 1. Visit TIN.NSDL website 2. Click on PAN under Services Column 3. Click on the Apply option in "Application of Allotment of New PAN (Form 49A) - Applicable for Citizens of India" 4. Then Online PAN application page will open where you need to Register Yourself by filling Following Details: Application Type (PAN or TAN), Select Category (Individual, Partnership, Company, Trust etc.), Title (Mr., Mrs. or M/s.), Firs...

Whenever we Buy a Property worth Rs. 50 Lakhs or Above, we have to deduct the 1% of TDS (Rate for the Financial Year 2020-21 is 0.75%) from the Payment amount. TDS Always calculated on the Basic Vale of Property before Stamp Duty and other Municipal Charges. Then the Deducted amount needs to be deposited in the Govt.'s account mentioning the PAN Number of the Seller so that they can can claim the TDS credit at the time of ITR Filing. Form 26QB needs to file while making the TDS Payments on the Purchase of Property. How to Pay TDS under section 26QB (Purchase of Property)? 1. visit  TIN.NSDL  Website. 2. Under the Services Menu on The Top go to  "e-TDS/TCS Option" 3. Then a page will open. Find there  "Pay Taxes Online"  Menu and click on  "Click to Pay Tax Online" 4. A new Tab will open where we can Pay almost all type of Government Taxes like: TDS, Income Tax, Advance Tax etc. Scroll Down and find "TDS on Property (26QB)"  and Click on Proce...

In this digital era, Online Activities has been increased. With increment of online activities, banking activities has been also implemented online and customers are doing online banking activities on wide level. For transferring of funds, online investment, checking transactions, payments to local merchant’s etc. peoples using Online Banking Facilities and mobile banking facilities on huge & widespread Level But, every facility comes with some threats. With increment of online banking activities, online banking frauds has been also increased on large scale. Debit Card Frauds, un-authorized Internet Banking activities & auto payment deductions are some of the common frauds because of which the customer have to suffer in case of recklessness in Online Banking Activities. Today we will guide you and provide some most valuable knowledge about prevent yourself & your Account from Online Banking Frauds which will help you to enjoy the fraud-free banking experience. 30 ways to Pr...

Tally:  The widest using Accounting software in India and its neighbor country launched in 2009. Tally is the purely INDIAN Software. The simplicity & lots of feature makes Tally best among other accounting software. Tally provides numerous features related accounting, auditing, Inventory management & banking etc. Features providing by Tally software are as follows: 1. Book Keeping & Voucher Entries: Entering of Purchase, Sales, Receipt, Payments, Credit Notes, Journal Vouchers and Debit & Credit Notes etc. 2. Accounting: Recording of Transactions and Analysis of reports on Daily, Weekly, Monthly, Quarterly, Half Yearly & Yearly basis 3. Stock & Inventory Management: Management of Physical Stock, Share Market Stocks Management, Item wise bifurcation, Stock Ledger, FIFO, LIFO analysis etc. 4. Multiple Branch Accounting: Multiple Godown transfers, Transfer of Stock from one place to another etc. 5. Billing & Invoicing: Pre...

We pay numerous Taxes in India on Individual, Company & other levels like Income Tax, GST, TDS, House Tax, PF and ESIC etc. Every Department has its separate sections to pay certain Taxes & the process is also different. We pay taxes and save the challans for future references but the problem arises when we mistakenly fill the wrong details on the Payment Sections because of which you will not be able to file your Tax Returns. So, Today we will Learn about the “How to modify TDS Payment Challans details online on TRACES without any bank intervention”  FYI, TDS (Tax Deducted at Source) is the monthly payment process for the Individuals or Companies having TAN (Tax Identification Number). We need to fill required details to pay TDS Online like TAN Number, Assessment Year for which the Tax is going to pay, Section etc. We have already explained the Online TDS Payment Procedure on our previous Article. Clink the link below to understand the Full TDS Payment Process Online http...