Process of Income Tax Refund Verification

Income TAX

According to a report presented by The Economic Times, around 5.5 crore Income tax refunds were filed in the financial year 2018-19. As per the same source, the number of individuals who filed ITR grew by 62% in 16 years between the fiscal year 2003 to 2019. Consequently, the evident increase in the number of returns shows the awareness amongst Indian residents regarding the essence of return filing. It is vital to file ITR so that one can acquire the applicable tax benefits. And it is as much important to…

What are the requirements for creating a GRC plan for your organization?

Requirements for creating a GRC plan for your business

Risk management has advanced a lot in the 21st century. In the past, we all associated it with buying the insurance, and that was it, but now businesses are starting to focus more on their internal risks. Today, we’re seeing regulations being put in place that forces certain businesses into compliance. These are an effort to eliminate scandals and protect investors. The line between risk management and compliance has become quite blurry since it has become a legal requirement. However, think of it like this. When you are failing to…

KYC: How it Helps Financial Institutions to Knowing their Customer?

KYC

The Reserve Bank of India made it mandatory for all the financial institutions to implement KYC (Know Your Customer) in 2002, and it came into force on 1st July 2005. RBI issued this guideline through the section 35A of Banking Regulations Act, 1949. The objective behind this KYC implementation was to restrict money laundering and stop banking frauds. Thus, in order to eliminate this problem, awareness about what is KYC needs to be generated to keep customers safe and secure. KYC: What is it? KYC or Know Your Customer is a process…

Choosing the Best SDP to Invest Online in 2020

moneymanagement

The year 2020 has started with uncertainty about various geopolitical and economic indicators. While unpredictability is the name of investing, there are few sure-shot practices you should adopt right away to get a hold over your finances for 2020 and beyond. Learn about various new financial products and consider fixed deposits an intrinsic part of your investment. Choosing the right fixed deposit can bring a sea change in your returns. You can choose assured returns with a high-paying fixed deposit. Company fixed deposits are paying 1-2% higher than bank FDs.…

Low Risks and High Returns investment schemes in India

Steady returns and low risks are two of the most common factors which investors consider before choosing an investment option. Since no investor wishes to put his/her investment at risk, consequently, they look for the safest options to invest in. Regardless, one should base their investment-related decisions entirely upon factors like their age, risk appetite, financial goals, and investment horizon. For instance, investors who are mostly risk-averse and are looking for a steady income mostly prefer fixed deposits in India, among other schemes. Likewise, the following highlights the most preferred…

New PAN and Aadhar Rules Announced in Union Budget 2019 by 2020

The Budget 2019 had the Finance Minister Nirmala Sitharaman announcing that PAN Card and Aadhaar Card will be made interchangeable soon. As per the new Income Tax rules, tax payers would now need either an Aadhaar Card or a PAN Card to file their Income Tax Returns (ITRs). Before this announcement came in the Budget 2019, you ought to have both Aadhaar Card and a PAN Card to file ITR.If you wish to know a few of the vital Budget 2019 announcements that would lead to new PAN and Aadhaar…

Dos and Don’ts of WordPress Web Design for Beginners

Good web design is crucial.  It not only makes your brand look professional but it also acts as a call-to-action for visitors and urges them to perform the desired actions.  Your website can have an eye-catching design that stands up from competitors but it can still face problems during conversions. This is because good web design is not only based solely on visuals but also on the overall functionality.  So, when designing your WordPress website, here are some of the dos and don’ts: The Dos of WordPress Web Design Use…

National Broadband Network (NBN) for Entertainment

Networking

NBN for Entertainment The National Broadband Network (NBN) is offering high-speed and reliable internet connection across Australia. There are in total 4-speed tiers that you can choose from. Each of these speed tiers i denoted by its Download/Upload speed in Mbps that are designed for different purposes. NBN 12/1 is the lowest speed tier that is good for light surfing and minimal internet use. Currently, this speed tier is only available for connections via Sky Muster satellite. NBN 25/5 is the base speed tier for most service providers now and…

The Top 3 Cloud-Based Tools That Can Help Small Business To Cut Down Expenses

Cloud Technology

Cloud computing has been helping business owners to connect with their business from any corner of the world and this is surely doing wonders for all the industries. With the help of cloud computing, businesses can setup virtual offices without breaking the bank with physical shops. This is one of the main reasons why businesses from all the industries are so excited about cloud technology. According to a recent study, it has been found that more than 70% of businesses are using cloud solutions in one form of or another…

Common Mistakes That App Developers Must Avoid

App Developers

App development is a new way to enhance the customer experience. Mobile applications have recently taken the online industry by storm. From budgeting to investments, we are being dependent on apps for most of our tasks. Many app developers are making apps, but you will find that more than 50% of them fail before people get to know about them.Well, it is evident that most of the apps are too simple and bad. How you excel at minor details will pave the way for the success of your app. Building…