E-Governance, Financial, Healthcare, Insurance Services - Alankit Group

  E-insurance term defines electronic insurance. It means managing all your health insurance, life insurance, motor vehicle insurance, travel insurance, and other insurance policies digitally. Having an e-insurance policy is a cost-effective way, saving individuals from excessive paperwork. Also, it acts as a safety device against policy theft or loss. An E-Insurance account means the account where all the E- Insurance policies can be saved in the digital form. An E-Insurance could be defined exactly like holding shares in a Demat account. The policyholders of an E-insurance account can access their life insurance portfolio at a few clicks. How Does It Work? Much like having depositories for Demat services, there are service providers who open an insurance repository to store insurance policies of individuals. The insurance policies of different insurers can also be stored in the same account. Each insurance company has repository partners who help the company’s issue policies in t...

  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 income tax returns is an important task for which they need to choose a reliable tax consultant. By availing of 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 number 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 ...

The National Pension Scheme or NPS is a pension scheme available to government and private employees. It is considered one of the most popular options to create a regular income and corpus for retirement. The money invested in NPS is invested in several investments and securities including the equity market. If you are looking to invest in the equity market, National Pension Scheme is one of the cheapest options to do just that. It must be noted that there is no guaranteed amount you receive as returns with NPS. However, over a period of time, returns on NPS are among the highest in the market. NPS Tax Benefits after Union Budget 2021-22 Investment to the National Pension Scheme now qualifies for Exempt-Exempt-Exempt (EEE) mode of taxation. This means, your NPS contributions, the consequent income generated, and the maturity amount, are all exempted from tax. The latest guidelines specify that up 60% of the maturity is withdrawable and the rest 40% will go to the purchase of an an...

  Filing of income tax returns is an obligation for individuals and entities if their income of the preceding year exceeds a certain specified amount that is not chargeable to tax, as mandated by the Income Tax Department of the Government of India. The process of filing an  Income tax return   (ITR) has moved from the traditional offline mode involving paperwork to a fast & more accurate online mode, thanks to the online portal launched by the I-T department that offers citizens single-window access to all income tax-related services. Here’s a com p rehensive guide for taxpayers on everything about the ITR filing process: What are e-return intermediaries? Under the Electronic Furnishing of Return of Income Scheme, 2007, authorized intermediaries provide services for electronically filing an  Income tax returns  on behalf of taxpayers, thus helping them save time & effort. A noteworthy industry leader with over two decades of experience, Alankit Limited ...