November 5, 2024


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Duplicate PAN Card

duplicate pan card

Every PAN allotted by the Income Tax Department is valid for a lifetime. There are instances where one can lose the PAN Card, or it can even be stolen, and in certain situations, it could be damaged. In such cases, the Income Tax Department issues a duplicate PAN Card on request.  When a request for the duplicate PAN Card is raised, the PAN details and number remain the same without a change, only a new PAN Card is issued, and all the other information remains as it was in the lost/stolen, or damaged PAN. The Income Tax Department has made it very easy to get a duplicate PAN Card What is a Duplicate PAN Card? A duplicate PAN card is a document issued by the income tax department to a PAN bearer when the card is lost, misplaced, or damaged. People frequently expose crucial papers to various threats daily and then question how to recover them. The Income Tax Department has made it quite simple to obtain a duplicate PAN card. Let’s see how it goes. When to Apply for a Duplicate PAN Card? Loss/theft:  Because people frequently carry their PAN cards in their wallets or pockets, they will probably be lost if their wallet/purse is stolen. Multiple applications to the department are fairly prevalent in India. In case of theft, an FIR of theft needs to be filed, and a copy of the FIR needs to be sent along with the application and other supporting documents. Misplaced: There are several instances where people leave the card somewhere and then are unaware of where they keep it. Damaged:  The sole option for any type of damage to the current PAN card needs to be led to the PAN Card reprint.  Documents Required to Apply for Duplicate PAN Card Self-attested identity documents include a driver’s license, Aadhaar card, voter ID, etc. Address proof that has been self-attested, such as bank account statements, utility bills, Aadhaar, and so on. A PAN allocation letter or a self-attested copy of the PAN Card. Self-attested documents with your birth date, such as a birth certificate, passport, matriculation certificate, etc. How to Apply for a Duplicate PAN Card? Visit TIN-NSDL and choose the application type “Changes or corrections in existing PAN data/Reprint of PAN card (specify ‘No changes in existing PAN data’). (If your PAN card is lost, forgotten, or stolen, you should reprint it without altering any of the information.) Fill in the essential fields and then submit the form. A token number will be produced and delivered to the email address you entered on the previous page. Make a note of the token number for future reference, and then proceed with the application filing. Fill out the essential information in the “Personal Details” tab and choose the mode of submission for your PAN application form. The three possible modes are as follows: Physically provide application paperwork: The acknowledgement form generated after payment must be printed, together with the copies of the papers requested, and mailed to the NSDL’s PAN services section. Submit digitally using e-KYC and e-sign (paperless): Aadhaar is required to use this option, and all of the information provided in your Aadhaar card should be utilized alone in the duplicate PAN card application. An OTP will be given to the Aadhaar-registered phone to verify the information supplied. It is not necessary to upload a photo, signature, or any other paper. When using this option to submit the completed form, a digital signature (DSC) will be required to e-sign the form. iii. Submit scanned photos through e-sign: Aadhaar is required for this option, however, you must submit scan images of your portrait, signature, and other documents. Only an OTP will be required to authenticate the application form. Then you must decide whether you require a physical PAN card or an e-PAN card. If you choose an e-PAN card, you must supply a valid email address. The digitally signed e-PAN card will be sent to the email address given. Before applying, fill out the “Contact & other details” and “Document details” pages. You will be routed to the payment page, and once you have made your payment, an acknowledgement will be created. Using the 15-digit acknowledgement number generated, you may verify the status of your duplicate PAN card. After the department accepts the application, the duplicate PAN card will be sent out within two weeks. FAQs How long will it take to get a duplicate PAN Card? You will get your duplicate PAN Card within the time frame of 15-20 days from the date of application. Do I have to re-link my Aadhaar with PAN after getting a duplicate one? If your PAN number has not changed, you do not need to link your Aadhaar to your PAN.

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Infrastructure Investment Trust (InvIT)

Infrastructure Investment Trust (InvIT)

Infrastructure Investment Trust (InvITs full form), their units are listed on different trading platforms like stock exchanges and are a wholesome combination of both equity and debt instruments. The primary objective of InvITs is to promote the infrastructure sector of India by encouraging more individuals to invest in it which can be modified according to a given situation. Typically, such a tool is designed to pool money from several investors to be invested in income-generating assets. The cash flow thus generated is distributed among investors as dividend income. When compared to Real Estate Investment Trust or REITs, the structure and operation of both are quite similar. Infrastructure Investment Trusts (InvIT) InvITs are instruments that work like mutual funds. They are designed to pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time. Part of this cash flow would be distributed as dividends back to investors. The minimum investment amount in an InvIT Initial Public Offering (IPO) is Rs 10 lakh, therefore, InvITs are suitable for high net-worth individuals, institutional and non-institutional investors. Similar to stocks, InvITs raise capital through IPOs and are then tradable on stock exchanges. Examples of listed InvITs include the IRB InvIT Fund and India Grid Trust. InvITs are regulated by the Securities and Exchange Board of India (SEBI) (Infrastructure Investment Trusts) Regulations, 2014. Types of InvITs Investment in Revenue-generating Finished Projects –  One of the types allows investment in revenue-generating finished projects and tends to invite investors through a public offering. Investment in Projects Under Construction –  Additionally, investors are also allowed to invest in projects that are under construction or have been finished. Notably, this type opts for a private placement of its units. What is the Purpose of InvITs? The purpose of InvITs is to enable Infrastructure Companies to repay their debt obligation quickly and effectively. Since infrastructure-oriented projects tend to take time to generate substantial cash flow, InvITs come in handy for paying off loan interests and other expenses conveniently. Structure of InvITs in India An InvIT is established as a trust and is registered with the SEBI. Typically, infrastructure investment trust SEBI comprises 4 elements, namely – Trustee: They are required to be registered with SEBI as debenture trustees. Also, they are required to invest at least 80% into infra assets that generate steady revenue. Sponsor: Typically, a body corporate, LLP, promoter or a company with a net worth of at least Rs. 100 crore classifies as a sponsor. Further, they must hold at least 15% of the total InvITs with a minimum lock-in period of 3 years or as notified by any regulatory requirement. When it comes to a public-private partnership or PPP projects, sponsors serve as a Special Purpose Vehicle (SPV). Investment manager: As a body corporate of LLP, an investment manager supervises all the operational activities surrounding InvITs. Project manager: The authority is mostly responsible for executing projects. However, in the case of PPP projects, it serves as an entity that also supervises ancillary responsibilities. The table below highlights the structure of infrastructure investment trust. Elements Role  Trustee Invest a minimum of 80% in infra assets. Sponsor/s Holds 15% of the total InvITs. Investment manager Manages investment and supervises operational activities concerning InvIT. Project manager Executes projects. Who Should Invest in InvITs? InvITs are also listed on exchanges through IPO. However, the minimum amount required to invest in such an IPO is Rs. 10 lakh. Notably, small investors may struggle a little if they intend to invest directly in InvITs through IPO. Regardless, high-net-worth institutions, individuals, etc., tend to find infrastructure investment trust a profitable investment option due to its capacity to invest and its return prospects. Prospects of InvITs in India It is anticipated that investment in InvITs in India has a promising future and may prove beneficial in the following ways. Existing projects would be provided with substantial refinancing options in the long run. It would help disengage developers’ capital to facilitate reinvestment towards new infrastructure projects. It is expected to facilitate the refinancing of current debt with cost-effective capital for the long term. It would encourage international investors to invest in the Indian infrastructure sector. Prospects of increasing opportunity to diversify an investment portfolio with the help of quality infrastructure assets remain. FAQs How to invest in InvIT? One can invest in InvITs by buying and selling in a similar manner to equities. Note Public InvITs are listed on the NSE/BSE, and the units can be traded without lock-in. An individual can open their respective brokerage account and start trading in InvITs that are publicly listed using the instrument symbol.There is no minimum investment limit for InvITs. What are the examples of InvITs? Examples of InvITs include roads, railways, power generators, telecommunications, airports.

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Visa Expense Reimbursement Scheme for Rajasthan Construction Workers for Employment Abroad

Visa Expense Reimbursement Scheme for Rajasthan Construction Workers for Employment Abroad

This scheme, launched by the Rajasthan Government’s Labor Department, is designed to alleviate the financial burden of visa expenses for construction workers seeking employment abroad. By reimbursing these costs, the scheme aims to encourage construction workers to pursue overseas employment opportunities and contribute to the state’s economy through foreign remittances. About Construction workers go abroad to work to improve their financial condition. Due to lack of much income, they have to face visa and other difficulties to work abroad. To solve these problems, the Rajasthan government has started the Visa Expense Reimbursement Scheme for employment abroad to Rajasthan construction workers. The objective of the scheme is to increase the income of construction workers and provide them an opportunity to work abroad. Rajasthan Visa Expense Reimbursement Scheme for Abroad Employment to Construction Workers is also known as Visa Expense Reimbursement Scheme for Abroad Employment to Construction Workers. Benefits of the scheme The beneficiary will be reimbursed an amount up to a maximum of Rs. 5,000/- for expenses incurred on visa for employment abroad. The expenses will be reimbursed to the beneficiary by the Board. Eligibility The applicant must be a native of Rajasthan. The applicant must be registered with the Board. The applicant should be continuously contributing to the Board. The applicant must have obtained permission from the Office of the Protector of Emigrants for employment. Applicants who are engaged in future planning building and other construction work abroad are eligible. Required Documents Proof of residence in Rajasthan/permanent certificate. Certificate of being a registered building worker. Visa. Visa receipt. Bhamashah card. Aadhar card. Passport. Jan Aadhar Card. Bank account information. Appointment letter. Proof of advertisement given by the recruiting agency. Passport size photo of the applicant. Registration number of the recruiting agency. Proof of contract for employment. Mobile number. email id. Application Process Step-1: Applicant have to visit the official portal. Step-2: Click on the option “Register”.Step-3: Then you will be redirected to the SSO registration page. The registration page will appear with the following options. Citizen Step-4: Choose the either one option from the Jan Aadhaar Or Google to process further. Jan Aadhaar : Enter the Jan Aadhaar number, click on the ‘Next’ button, Select your name, the name of the head of the family and all the other members and Click on the ‘Send OTP’ button. Enter the ‘OTP’ and Click on the ‘Verify OTP’ button to Complete the registration. Google : Enter the Gmail ID, click on the ‘Next’ button, Enter the password. A new link appear on screen, now click on new SSO link. SSO id will appear on screen, now create the password. Enter Mobile number, click on registration. FAQs Is there any time limits for submit the application? The beneficiary will have to submit the application form within a maximum period of 3 months after obtaining the validity of the visa. Can applicants from outside Rajasthan apply for the scheme? No, this is only Madhya Pradesh construction worker.

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