Posts

Showing posts from January, 2021

What is National Skills Registry?

Image
  The National Skills Registry (NSR) is the initiative started by the National Association of Software   and Services Companies (NASSCOM), which is a leading trade association of IT & BPO industry in India. The initiative is aimed at promoting the interests of IT & ITeS industry by establishing a national-level repository containing authentic, permanent and accessible factsheet of career information and background-check reports of each NSR-registered professional. The   National Skills Registr y is owned and managed by the National Database Management Limited (NDML) which is awholly ownedsubsidiary of National Securities Depository Ltd. (NSDL). The NDML is responsible for administering NSR for NASSCOM. How Does Nsr Work? The NSDL undertakes the responsibility of conceptualizing, designing, implementing, managing, and maintaining large databases. To manage these databases, it also establishes a technology hub and a network of service centers across the country where users of the

How can I get my marriage certificate attested in Dubai?

Image
  Getting a marriage certificate is crucial for people for legal evidence of their marriage. Issued by the government, a marriage certificate essentially includes details such as names, marriage venue, date & time, witnesses to the marriage, and other details. Purpose of attesting marriage certificate Why do couples need to get their marriage certificates attested? Well,   a marriage certificate attestation in UAE is a legal document required to be furnished for various purposes: For adding spouse’s name in the passport To apply for a child’s passport Admitting your wife for delivery in the hospital Adding spouse’s name for health insurance benefits For bringing spouse on residence visa to UAE To purchase a joint property with your spouse To file a divorce How to get a Marriage Certificate Attestation in UAE? Alankit is a leading service   provider easing out the process of Marriage Certificate attestation in the UAE. Following are the 5 major steps required for fetching your India

How Best Tax Consultants in United Arab Emirates Can Make ITR Filing Process Easy?

Image
  The little effort that goes into choosing the right tax advisor can go a long way in ensuring a hassle-free ITR filing process for individuals and entities. For the lakhs of non-resident Indians (NRIs) in the UAE, filing of income tax returns is an important task for which they need to choose a reliable tax consultant. By availing professional services by a  tax consultant dubai  firms offer, NRIs can get a host of benefits. Also, the online facility for ITR filing, under the Electronic Furnishing of Return of Income Scheme, has brought convenience to the taxpayers. Impo r tance of ITR filing Process Filing of ITR helps taxpayers in declaring the total income earned during the year, the amount of deductions claimed and tax paid. The Income Tax Department in India makes it mandatory for filing income tax returns for individuals whose gross total income exceeds the basic exemption limit of Rs 2.5 lakh. However, for senior citizens the limit is higher, that is Rs 3 lakh for those aged a

Documents Required for GST (Goods and Services Tax) Registration by Alankit

Image
  As notified by the Central Board of Indirect Taxes and Customs, it is not mandatory for certain suppliers of goods to register for GST given their annual turnover is less than INR 40 Lakh. However, as an MSME owner, one should know how to register for GST as you may be in the service sector and the laws may change at any time. To register successfully, one needs to furnish the necessary documents like Aadhaar Card, PAN Card, Address proof. Through this blog, w e  have listed a set of GST registration documents that individuals must provide based on their business type: Who Should Register for GST? As per the Goods and Services Tax Act 2017, businesses with a turnover of INR 40 Lakh and above in a financial year should mandatorily register for GST. In the GST regime, the turnover threshold for North-eastern and hill states to register for GST is INR 10 Lakh. Additionally, individuals listed below need to complete GST registration and obtain a unique 15-digit GSTIN: Non-resident taxabl

VAT accounting Entries in UAE Dubai - Alankit UAE

Image
VAT accounting Entries The VAT came into effect in the UAE, a part of GCC countries in January 2018. The current proposed rate of VAT is 5 %. A business house whose imports exceed AED 375000PA pays the government the tax that it collects from its customers and they receive a refund from the government on the tax that they paid to its suppliers. For any inquiry regarding registration, one can contact FTA through the enquire form. If you are running out of or having problems with the proceedings you can contact Alankit Management Consultancy which offers reliable VAT Accounting services for start-ups and established companies of all sizes across UAE.   VAT Accounting Procedure in UAE VAT was introduced in UAE on 1st January 2018. The rate of VAT is 5 percent which provides UAE with a new source of income which in turn is used to provide quality public services. This was introduced with the idea to reduce dependence on oil and other charges to bring transparency in the longer run. 

Innovative Solution Provider for Finance, e-Governance, Insurance and Healthcare verticals - Alankit Limited

Image
Alankit Limited is the leading e-Governance Service Provider of the country. It is a flagship program under Alankit. It is a conglomerate of 10 Group companies with diversified activities. It was incorporated in 1991. It has its overseas branch in London, Singapore, and Dubai. It’s headquartered in Delhi with branches in almost all the major cities. It’s a one-stop platform for services ranging from healthcare to finance. Some of its services include: GSP (GST Suvidha Provider) It is an exclusive entity that is authorized to facilitate a platform in order to enable the country’s taxpayer population to do the GST compliances. In order to ensure a smooth implementation process, Alankit has introduced two GST solutions - Alankit GST Munimji, a secure cloud-based solution for all GST compliance. NATIONAL INSURANCE-POLICY REPOSITORY If you are a policyholder, you can avail yourself of the benefit of storing every insurance electronically free of cost. The insurance companies are al

Investing in NPS Tier I and Tier II Account by Alankit

Image
  National Pension System (NPS) is a Government introduced security initiative to provide retirement benefits to all citizens of India, even from the unorganized sectors. The voluntary contribution scheme ensures financial security by encouraging individuals to invest regularly in a pension account during their employment period. While NPS is gradually gaining investors’ attention due to its exclusive tax benefits, it may confuse investors at the time of investing. NPS offers two types of investment accounts - Tier I and Tier II. To start investing in NPS, an investor first needs to open an account under Tier I before opening Tier II account. Similarities: Tier I and Tier II Both the investment accounts under NPS are similar. Both Tier I and Tier II have similar charges and choice of fund managers and pension schemes. The asset classes in which the Pension Fund Managers (PFMs) can make investment are also the same. 0.01% is charged on asset management and 0.0032% as

Why You Need Attestation Services in UAE Dubai?

Among a list of things that one needs to consider, when going abroad, is the need for attestation of certificates. For instance, the certificates or documents of an Indian citizen, who is visiting Dubai, will need attestation from any of the authorised government offices in India and must be validated by attaching the signature of the verifying personnel. Similarly, a person in UAE will also be required to provide documents attested by the home government when he or she is visiting India or any other country. There are many agencies which offer certificate Attestation Services in Dubai through the online mode. The process of certificate attestation refers to the authentication or legalisation of valuable educational, non-educational and commercial documents which would be required in another country for purposes like business, employment, higher education or immigration. It is a crucial task which needs to be undertaken because without proper documentation, a