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| Posted: 20 Mar 2015 01:44 AM PDT A person who provides a taxable service is required to mandatorily apply for service tax registration if the value of the services provided by him in a particular financial year exceeds a threshold (currently `10 lakh per annum). The service tax rules allows online application for registration and payment of service tax known as ACES. ACES is also an online portal for central excise and service tax. The first step First one has to register for ACES by selecting the appropriate link from the ACES portal--http:www.aces.gov.in.On filling the required details, such as user name and contact, an ACES account is created. A password is sent to the applicant's email id. This password has to be changed on the first login to the ACES website. Form ST-1 The applicant now has to fill up Form ST-1 under the REG tab for service tax registration. The application form requires details such as name, address, PAN and details of the service provided by the applicant. Details with respect to commissionerate, division and range can be ascertained and filled up by the applicant by checking the following link: http:www.aces.gov.inSTASEui jspcommonstatelocation.do. Process On submission of details, an acknowledgement is generated. This slip along with Form ST-1 will have to be submitted at the commissionerate office selected at the time of registration. Supporting documents such as PAN copy can be submitted. Certificate A registration certificate is issued after a verification of the applicant's details by the Range Superintendent. A registration certificate is then sent by email or physical form as per the choice of the applicant. If value of services provided in a financial year by a service provider is less than the threshold, he has the option to register for service tax, though it is not compulsory. An applicant providing more than one service at different locations has to register only once. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
| Posted: 20 Mar 2015 12:25 AM PDT To purchase equities directly, you need to open a trading account with a local broker who offers this facility. Many Indian brokerages such as ICICI Direct, Kotak Securities, Religare Securities and India Infoline provide this window for domestic investors through tie-ups with foreign trading partners. Foreign player Saxo Bank is another intermediary offering services here. These trading platforms provide access to more than 36 exchanges around the world. The Indian broker only acts as the intermediary; the actual buying and selling is done by the foreign broker licensed to trade in that market. To register, you will need to fill out an application form, fulfil KYC formalities and pay a nominal fee. You also have to choose the currency you want to transact in. Once your application is registered with the foreign partner of the brokerage house, you will be provided with a client identity and bank account details (to which funds are to be remitted). You have to fill out the A2 form (available at your bank branch), which allows you to remit funds to the concerned account. Once the foreign broker receives the funds, your trading platform will be activated. While starting out, it would be wise to stick with US-based large cap stocks. You can venture into emerging markets 3-4 years down the line. For those looking at regular income, there are opportunities from high dividend stocks. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
| Posted: 19 Mar 2015 09:31 PM PDT Under the LRS, all resident individuals, including minors, are allowed to freely remit up to $250,000 per financial year for any permissible current or capital account transaction or a combination of both. You are allowed to invest in shares, bonds and mutual funds abroad, and purchase property, without prior approval of the RBI. The LRS covers remittances in the form of specific expenses as well. Apart from enhancing the LRS limit to $250,000, the RBI has also subsumed under this limit all the current account transactions which were previously outside the scheme ambit but covered under the Foreign Exchange Management (Current Account Transactions) Rules, 2000. While one was earlier allowed to remit up to $25,000 a year towards business travel outside India, over and above the LRS limit, this would now be subsumed under the revised limit. Remittance towards foreign studies was earlier permitted up to $100,000 in an academic year; this too would now be subsumed under the $250,000 window. Similarly, remittances in the form of gifts and donations cannot be made separately and are now under the LRS limit. These limits are also gross limits. Once you have made a remittance for an amount up to $250,000 during the financial year, you cannot make any further remittances under this scheme during that year. For instance, if you open a broking account abroad and deposit $250,000 through the LRS and later that year, decide you want to withdraw the money and use the proceeds to fund your child's foreign education, you cannot do so. Even so, the scheme provides a big enough window to productively invest some money overseas. Some foreign platforms ask for regular investment commitment from the investor, failing which the invested money is forfeited. If the RBI decides to bring down the LRS limit in future, you may not be in a position to honour your commitment. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
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