Unified Payments Interface (UPI) Unified Payments Interface (UPI) is a system that integrates multiple bank accounts into a single phone app, combining numerous banking features, smooth financing routing, and merchant payments under one hood. It also handles Peer to Peer collection requests, which could be planned and paid according to...
What is Pradhan Mantri Vaya Vandana Yojana? The Pradhan Mantri Vaya Vandana Yojana is an Indian government retirement benefits scheme. online lic pmvvy pradhan mantri vaya vandana yojana tax benefit. Documents Required for PMVVY The Aadhaar card. Age verification is required. Address verification. A passport sized photograph of the applicant is...
What is Virtual Payment Address (VPA) in UPI? The UPI ID, also known as the Virtual Payment Address (VPA), is a one-of-a-kind ID made by the user to receive or send money via UPI. What is Virtual Payment Address (VPA)? VPA is Virtual Payment Address Creating a VPA of Your Choice VPA is...
What is a Private Limited Company (PLC)? A Private Limited Company (PLC) is a kind of business entity that you can establish to run your operations. The company is segregated into shares that are wholly owned by shareholders. What are the privileges of a Private Limited Company (PLC)? Separate legal entity ...
What is an LLP (Limited Liability Partnerships)? A limited liability partnership (LLP) is one in which some or all of the partners have limited liability. Steps for converting of Partnership Firm into LLP: The steps for converting Partnership Firm to LLP is as follows: Acquire digital signatures from all partners. In a broad...
What is UPI? The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India that allows for inter-bank peer-to-peer and person-to-merchant transactions. Who initiated UPI? National Payments Corporation of India What is UPI ID and PIN? When you add a new payment account or make a transaction,...
TDS (tax deducted at source) is a tax that the Indian government collects at the time of a transaction. In this scenario, the tax will be deducted when the funds are deposited to the payee's account or when the payment is made, whichever comes first. When a salary payment or...
Bengaluru in Karnataka State, Private Limited Company registration is one of the best ways to start a business. Obtaining a Karnataka company registration provides shareholders with restricted liability and ownership limitations. Directors and stockholders in a Private Limited Company might be different. With a Dedicated PAN Card and a...
ITR 7 Form – FY 2020-21 / AY 2021-22 ITR-7 form is to be used when the tax assessee is a Trust, filing as a Company, Firm, Local authority, Association of Person (AOP) or Artificial Judiciary Person and is claiming exemption under Section 139 (4A), Section 139 (4B), Section 139...
ITR 6 – FY 2020-21 / AY 2021-22 A Company uses this Income Tax Return (ITR) 6 as per section 2(17) of the Income Tax Act; this form is filed by a company other than a company that is required to file a return in Form ITR‐7. As per section 2(17)...
