Posts

What is E-Insurance Account? - Alankit India

  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...

How Best Tax Consultants in Dubai Can Make ITR Filing Process Easy?

  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 ...

What is the limit of income tax saving in the NPS service in India?

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...

Complete Guidance on Easy and Hassle-free ITR filing in Dubai

Image
  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 ...

Find The Best Pan Card Service Provider In Delhi

Image
  Permanent Account Number (PAN) Card is a unique ten-digit identification number issued by India’s Income Tax Department and is used as the proof of identity or Date of Birth, allotted to each individual and entity taxpayer of the country. While there is no dearth of PAN Card centers in the national capital, Delhi, you may want to opt for an authorized dealer or center to avoid any frauds. That’s why we suggest using the DIAL-A-PAN service by Alankit.com. The company has over 26 years of experience in providing e-Governance service and has an established UTI & PAN Card distributorship across Delhi, NCR and most states in India.  The Alankit distributors and PAN Card franchise are thoroughly vetted to offer the security of information and a seamless application process. The DIAL-A-PAN service is a toll-free service that allows applicants to apply for a new or duplicate PAN card from the comfort of their homes.    PAN card services that you can avail at Al...

Top 5 auditing and accounting firms in Dubai

  Businesses need to invest time and resources in their financial management. It is of importance, given the wide array of tasks involved including monetary details, bookkeeping, accounting, auditing, legal compliances, etc. Audit firms in Dubai  are known to offer expert-led, secured and promp t  audit services. Individuals and businesses can outsource their audit and accounting tasks to industry specialists excelling in audit services in Dubai. Top audit firms in Sharjah offer businesses as well as individuals a wide range of services. The audit and accounting services extend to startups, small, medium and large organisations working across different industry verticals. Here’s a list of the top 5 audit and accounting firms in Dubai for your reference: 1. Alankit UAE: Alankit is a leading auditing and accounting services provider in the UAE. The experts at the firm indulge in digital services as well. Professional team of financial service providers, prompt service deliv...

What is National Pension Scheme & its Benefits

NPS or National Pension Scheme is a government initiative started in 2004 for all government employees, which is now open to everyone from 2009. The system is a government-sponsored pension scheme that allows subscribers to contribute a portion of their income in a fund for their retirement. At the time of retirement (usually 60 years of age), the pensioner can withdraw a corpus in a lump sum and use the rest of the amount to buy an annuity to supplement a regular source of income after retirement.    Benefits of National Pension Scheme: Apart from a comfortable life after retirement, there are several NPS benefits of applying to Atal Pension Yojana Scheme. Flexibility & liquidity with two different account  The NPS allows individuals to make systematic investments with either of the two account types available.  Types of Accounts under NPS are: Tier I & Tier II The Tier I account is a pension account with specific regulations...