November 2024

Section 51 – Finance Acts

Finance / /

Amendment of section 193  In section 193 of the Income-tax Act, in the proviso, in clause (iv), for the proviso, the following proviso shall be substituted with effect from the 1st day of October, 2024, namely:— “Provided that nothing in this clause shall apply to the interest exceeding ten thousand rupees payable during the financial year on 8% Savings (Taxable) Bonds, 2003 or 7.75% Savings (Taxable) Bonds, 2018 or Floating Rate Savings Bonds, 2020 (Taxable) or any other security of the Central Government or State Government as the Central Government may, by notification in the Official Gazette, specify in this behalf;”.

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Delhi Old Age Pension Scheme

Government Schemes / /
delhi old age pension scheme

The Delhi government has launched an Old Age Pension Program, which aims to provide financial assistance to eligible senior citizens in the form of periodic pensions. Under this scheme, candidates aged 60-69 years receive monthly financial assistance.The Financial Assistance Scheme is only available to Delhi residents who meet the eligibility criteria established by the Government of National Capital Territory of Delhi (GNCTD) for annual income and residency within the city, as mandated by the government directive. However, the scheme also includes provisions for individuals who do not have proof of residence to submit. Delhi Old Age Pension Schemes For the convenience of the state’s senior citizens, the Delhi government has started an old-age pension program. The primary goal of this program is to offer state-eligible senior citizens financial help in the form of periodic pensions. In this post, we take a close look at the Delhi Old Age Pension Scheme application process. Application for Old-age Pensions and Particularly in Delhi Our society is fortunate to have senior citizens. They have put forth a lot of effort throughout the years to advance the neighbourhood and the country. They have a wealth of experience in many different fields. Today’s youth can benefit from the wisdom of the elderly in leading the country to new heights. They need to be looked after and made to feel special at this stage. Through its programs in many development sectors, the Indian government offers several advantages. The Indian government has given seniors reasons to smile by providing them various tax incentives, travel options, and health care services. This section on senior citizens aims to inform readers about various topics affecting them. Eligibility Applicants must be 60 years or older. They must have resided in Delhi for a minimum of five years before the date of application. The applicant’s annual family income from all sources, including rent, interest/dividends on savings and investments, earnings from farming, property sale proceeds, etc., should be less than Rs. 1,00,000. The applicant must have an Aadhaar number. The applicant must have a singly-operated account in any bank within the National Capital Territory of Delhi only for receiving payment through the Public Financial Management System (PFMS). The applicant must not be receiving any pension/financial assistance from the Central Government/State Government/other governmental local bodies or any other source for this purpose. Documents Required Age proof. Residence proof. Bank account number (Single account). In the case of SC/ST applicants in the age bracket 60-69 years, a caste certificate in the name of the applicant issued by the Competent Authority has to be submitted. In the case of Minority applicants within 60-69 years, self-declaration of the religion of the applicant duly verified by the religious institution has to be submitted. One passport-size photo of the applicant. Income self-declaration in the format given on the portal itself. Application Process Applicants have to visit https://edistrict.delhigovt.nic.in/ Under Citizen Corner click on New User Click on select the document – Aadhar or Voter ID Enter your Aadhar Card Number/Voter ID Card Number Type the Captcha in the box shown Citizen Registration Form will Open for registration Fill up all fields including details of the Present Residential Address Enter Captcha, and Click on Continue. Login ID and Password will be received on the given mobile number/e-mail address. Now Registration on the e-district portal is complete Registration for Financial Assistance Services Click on Registered User Login Enter the given login ID and Password Enter Captcha and Click on Login Go to Main Page (Main Page) will open click on apply online. Drop Box apply for services will open – click List of Departments providing online services shall open – Select Department of Social Welfare and click on scheme name The form will open fill up all required fields & upload all required documents as per the requirement of the scheme selected. Then click next and upload a photograph Then click on finish. One OTP will be received on the registered mobile number. Enter OTP and Submit. Acknowledgment of successful submission shall be generated. FAQs Which income group are benefitted? Having an Annual income less than Rs.1,00,000/- per year. Is Aadhaar number necessary for applying ? Yes, Aadhaar is mandatory for filling up the application- without Aadhaar, the application portal will not work.

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Lead exposure causes $6 trillion in economic losses from premature cardiovascular disease (CVD)mortality

Updates / /
premature cardiovascular disease

The two World Bank economists who authored the study, published in the Lancet Planetary Health journal, said it was the first to assess the impact of lead exposure on heart disease deaths and child IQ loss in wealthy and developing nations.Lead author Bjorn Larsen told AFP that when the pair first saw the figure their model calculated, “we didn’t even dare to whisper the number” because it was so “enormous”.  Exposure to a potent toxin lead likely causes 5.5 million cardiovascular diseases linked-premature adult deaths and 765 million lost IQ points among children annually, according to estimates from an article published in Lancet Public Health. countries to phase lead out of the global economy, which is estimated to generate more than $100 billion in economic value. “Why are we allowing an industry worth less than $100 billion cause enormous destruction to the biosphere, the food web, public health, social justice and future generations?” the researchers wrote in the paper. This gain is smaller than the economic losses from premature death from cardiovascular disease and cognitive dysfunction due to lead exposure alone, which cause economic losses of $6 trillion, the study highlighted. Lead is a heavy metal known to mimic calcium, which is stored in bone. It interrupts metabolic processes in humans, impacting intelligence, and increasing the risk of heart disease, kidney failure and premature death. “Lead is a remarkably harmful toxin. Even within the context of limited resources, we have to find ways to focus on reducing exposure to it,” Stephen Luby, Professor of Medicine at Stanford University and one of the study’s authors, said in a statement. Children having blood lead level of 10 microgram per litre (µg/L) suffer a loss of 1 IQ point. Globally, 815 million children are estimated to have blood lead levels greater than 50 µg/L and 413 million children have blood lead levels over 100 µg/L. While there is no known safe blood lead concentration, even blood lead concentrations as low as 3.5 µg/dL may be associated with decreased intelligence in children, behavioural difficulties and learning problems, according to the World Health Organization. By 2000, lead was phased out from most gasoline, paint, plumbing and other consumer products. Still, the lead market has seen increasing demand due to low priced lead-acid batteries. The researchers estimated that 4.5 million metric tons of lead were mined in 2020. If the price of the heavy metal per tonne is $1625, the gross annual revenue from lead mining was approximately $7.3 billion. More than 85 per cent of the lead that is mined or generated through recycling is used to manufacture lead-acid batteries, the paper highlighted. The heavy metal is toxic to insects, birds and animals as well. They also affect soil microbes. Considering that the global lead-acid battery business in 2020 was valued at $50 billion, the researchers conservatively estimate that lead-based products contributed less than $100 billion in value to the global economy in 2020. The researchers, however, added that the full economic costs of lead exposure are far higher, due to the premature death and lost productivity from many other ailments caused by lead exposure and elevated healthcare costs. While the researchers see value for the world to enter a treaty to eliminate lead mining and sale of lead containing products, they argue that such treaties take years to negotiate. Instead, they said, political authorities can reduce lead use in their own jurisdictions. Other strategies involve adding progressive tax on lead-based products and subsidies for less toxic alternatives and proposing phase-out date by 2035. This, the paper added, could fuel the development of substitutes. Even if the world manages to eliminate lead mining and new lead products by 2035, legacy sources of lead will continue to circulate in the economy. Still, population exposure would progressively decline. In the United States, blood lead levels among children under aged five years declined by 94 per cent 40 years after the Environmental Protection Agency, agency of the US government that sets and enforces national pollution-control standards, began phasing lead out of gasoline. 

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How to Open Small Business in India

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How to Open Small Business in India

For many people, owning a business is their dream. However, the majority of them are plagued by a very basic question – how can I launch a small business. Everyone who wants to establish their own business or is an aspiring entrepreneur will get something . Every business has its pros and cons, it’s just about the best business ideas to make money. It is just about which business you have the passion and zeal to crack. Your skillset also matters a lot in achieving the target. You should be confident enough to implement the skills you possess and manage to overcome the upcoming challenges.  Why do you Need to Start a Small Business? There are many reasons to turn the question of how to start a small business into reality. Small business startups are very crucial to the Indian economy, increase self-reliance, and create employment opportunities. If you have a small business plan to implement, go for it! Did you know that your thoughts on how to start a small business have the following benefits: You can be financially independent  You can follow your passion by following your dreams on how to start with small business You can start a small business startup from home or your basement You can make your own rule and be your own boss With small business startup, you can take advantage of the MSME benefits provided by the government There’s creative freedom You can manage time and find professional personal life balance Small business startups make you self-reliant and you can make your own destiny Introduce new ideas, niche products, and services in the market How to Start with a Small Business Identify a Business Idea Before taking any steps, it’s essential to identify a sound business idea. A well-thought-out plan of your business and how it will operate is essential to succeed in the marketplace. Take time to thoroughly research both the industry and the local competition – you’ll be thankful you did at each step of the way. Identifying your customer base and how you can provide value is critical — after all, this is what will set your business apart from others. Research your Business Idea When it comes to how to start a small business, research is essential. Every aspect of your idea needs to be thoroughly explored to give yourself the best shot at success. Begin by exploring the market and your competitive landscape. Make sure you understand who exactly you are vying for customer attention and how they are likely to respond to your offerings. Secondly, crunch the numbers of how much capital you will need both upfront, as well as what kind of investments can be expected in the long term for marketing or expansion efforts. Understanding how much it will cost – now and down the line – is vital in formulating a winning strategy before launching a small business. A good answer to how to start a small scale business is dropshipping. Create a Business Plan/ Pitch Creating a business plan is one of the most important steps of how to start a small business. While it’s intimidating, it can simplify the entire process and make decisions easier. Having essential points outlined in the business plan can clarify how to proceed, utilize funds wisely, assess potential opportunities and risks, and create long-term goals. Additionally, presenting a business plan outlines how serious you are about your venture. It presents potential financial backers with tangible data they can consider when debating how to invest in your project or idea. It’s also valuable self-reflection because it forces you to think through all angles before moving forward with your idea. Identify Target Market When you’re thinking about how to start a small business, one of the first issues to consider is identifying your target market. It’s critical that you understand who you are marketing to if you want to succeed; without this knowledge, how will you choose appropriate activities and develop a strategy? Secure Financing One of the essential aspects when it comes to how to start a small business is securing sufficient finance. Without the right resources, you could find yourself without the necessary tools and equipment that your business requires to begin trading. It is important to consider how much finance will be needed to cover the initial start up costs without overextending yourself financially. There are many different options available such as taking out a loan, using personal finances, or securing an investor, so it is important to weigh up which one works best for your situation. Establish Business Strategy A well-organized business strategy is essential for how to start a small business and should include factors like how to differentiate your venture from competitors, how each part of the company will function, how resources and finances will be allocated, how products and services will be marketed and how customer engagement will take shape. Planning out each step with precision is key to starting any business on solid footing. Select a Business Name Naming your business is one of the most important steps when it comes to how to start a small business. Choosing the best name can give you an advantage in advertising, marketing and building your reputation. It needs to be simple, easy to remember, and unique to stand out from the competition and accurately reflect what your business offers and how it makes customers feel. Take as much time as necessary to curate a memorable name that will serve as a cornerstone of your company’s identity. Complete the Registration Process If you are starting a small business, you must complete the registration process first. There is a range of different things to consider when becoming an official business. This includes filling out paperwork with pertinent information such as your business name and type, how many partners and employees you will have, how costs will be divided among partners, and how profits will be distributed. Additionally, how you set up your business structure can affect

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Sathin List

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SATHIN

A Sathin is a local-level worker or volunteer in India, particularly in Rajasthan, involved in women’s empowerment and development programs. The term “Sathin” originates from Hindi, meaning “companion” or “supporter.” These workers play a crucial role in implementing social programs at the grassroots level, especially focusing on women’s issues, child welfare, and community development. The Sathin Program was initiated under the Women Development Program (WDP) in Rajasthan. This program started in the 1980s to address issues like gender inequality, child marriage, female literacy, domestic violence, and women’s economic empowerment. Role and Responsibilities of Sathins Awareness Generation: Sathins are responsible for raising awareness on social issues such as gender equality, health and hygiene, education, and legal rights for women. Community Mobilization: They work to mobilize women and encourage participation in development programs and activities aimed at enhancing women’s skills and livelihoods. Facilitating Government Programs: Sathins are often the link between the community and government schemes, such as maternal and child health programs, vaccination drives, and education initiatives. Advocacy and Counseling: They provide counseling and support for women facing domestic violence or any form of discrimination, guiding them on legal rights and services available to them. Skill Development and Training: Many Sathins are involved in training women in vocational skills, promoting self-employment, and encouraging economic independence. Qualifications and Selection Process Typically, Sathins are women from the local community who have a minimum level of education (often a primary or secondary education). They are chosen based on community support and their willingness to work on social development issues. Challenges Faced by Sathins Low Wages: Sathins are often volunteers or receive minimal compensation for their work, which can make sustaining their role challenging. Social Resistance: As they address sensitive issues like domestic violence and gender inequality, they may face resistance from within their own communities. Limited Resources: They frequently lack adequate resources or logistical support from higher authorities, which limits their effectiveness. Impact of Sathin Program The Sathin Program has brought significant changes at the grassroots level, especially in Rajasthan. It has empowered women in rural areas to stand up for their rights, participate in economic activities, and access essential services. This has led to better awareness of health, education, and legal rights among women in these communities. Sathin List A Sathin List refers to a list of active Sathins in a particular area or district. This list includes details like their names, areas of operation, contact details, and sometimes their specific roles or responsibilities within the community. The list is often maintained by the local Women and Child Development Department or other governmental bodies that oversee the Sathin program. This helps track the deployment and work progress of Sathins across different regions. FAQs What is SATHIN? SATHIN (Social Activist Taking Health Initiatives) is a program initiated to empower women, particularly in rural areas, by involving them in social, health, and community welfare activities. The program aims to raise awareness about health, nutrition, education, and women’s rights in the community. What is the role of a SATHIN worker? A SATHIN worker serves as a grassroots social worker, providing guidance and support to local communities. Their responsibilities include educating women on health issues, promoting literacy, supporting maternal and child health, and helping women understand their legal rights. They also work to reduce social issues like child marriage and domestic violence.

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New Scheme of Taxation under Section 115BAC of Income Tax Act, 1961

Income Tax / /
New Scheme of Taxation under Section 115BAC of Income Tax Act, 1961

A new Section 115 BAC of the Income Tax Act has been added by the Finance Act of 2020, giving individuals the opportunity to choose between the old regular tax rates and new concessional tax rates without taking into account the legal requirements for exemptions or deductions. According to Section 115BAC of the Income Tax Act, individuals or Hindu undivided families (HUFs) with income other than from a profession or business can choose to be taxed under the new tax regime with reduced tax slab rates. This regime was introduced in the financial year 2020-21 and became the default tax regime from the financial year 2023-24. While opting for the new regime offers lower tax rates, it comes with the trade-off of losing various deductions and exemptions available under the old tax regime. Taxpayers can still opt for the old tax regime by filing Form 10-IEA before the due date of filing their income tax return. What is Section 115BAC A person, whether an individual or an undivided Hindu family (HUF), who has income other than income from a profession or business, may exercise the option regarding a prior year to be taxed under Section 115 BAC along with his or her return of income to be furnished under Section 139(1) of the Income-tax Act for each year, according to the new Section 115BAC of the Income-tax Act, 1961. The requirement that the total income is computed without any specific exemption or deduction set off of a loss and additional depreciation applies to the concessional rate offered under Section 115BAC of the Income Tax Act. What are the Income Tax Slab Rates Under Section 115BAC? Income Bracket (₹) FY 2024-25 Tax Rate FY 2023-24 Tax Rate 0-3 lakh 0% 0% 3-6 lakh 5% 5% 6-7 lakh 5% 10% 7-9 lakh 10% 10% 9-10 lakh 10% 15% 10-12 lakh 15% 15% 12-15 lakh 20% 20% 15 lakh+ 30% 30% Who is Eligible for Section 115BAC The declared income should not cover any of the business income. The calculation of it is done without any deductions or exemptions given under the following: Chapter VI-A except those under section 80CCD/ 80JJAA Section 24b Clause (5)/(13A)/(14)/(17)/(32) of Section 10/10AA/16 Section 32(1)/ 32AD/ 33AB/ 33ABA Section 35/ 35AD/ 35CCC Clause (iia) of Section 57 The calculation is done without taking into account losses from past AYs caused by the aforementioned deductions or from real estate owned by the homeowner. It is determined without making any exemptions or deductions for any perks or allowances. Without claiming any depreciation under clause (iia) of Section 32, the calculation is completed. Deductions that are Not Claimable Under Section 115BAC The standard deduction under section 80TTB/80TTA. Entertainment allowance and professional tax on salaries. Leave Travel Allowance (LTA). House Rent Allowance (HRA). Helper allowance Minor child income allowance. Special allowances under section 10(14). Children’s education allowance. Interest on housing loan on the self-occupied property or vacant property. Chapter VI-A deductions (except Section 80CCD(2) and Section 80JJAA). Exemption and deduction for allowances and other perquisites, including food allowance of Rs.50 per meal to a maximum of 2 meals a day. Donations are made to a trust or a political party. Employee’s own contribution to NPS. No deduction for family pension income is allowed from FY 2023-24 onwards. A standard deduction of Rs.50,000 upto FY 22-23 is allowed as a deduction. Which Deductions Are Allowed Under the New Tax Regime? Transport allowance is provided to specially-abled persons. A conveyance allowance was received as compensation for the expenditure incurred as a part of the employment. Allowance is received to meet the expenses of tour, transfer, or travel. Daily allowance received in order to meet the ordinary expenses due to his absence from the place of duty. Perquisites received for official purposes. Exemption on voluntary retirement under section 10(10C), leave encashment u/s 10(10AA) and gratuity under section 10(10). Interest on a home loan on the let-out property (section 24). Gifts received upto Rs.50,000. Deduction for employer’s contribution to NPS account under section 80CCD(2). Deduction for additional employee cost. The standard deduction is Rs.50,000 under the new regime, applicable from FY 23-24. Deduction for family pension scheme under section 57(iia). Deduction of the amount deposited or paid in the Agniveer Corpus Fund under section 80CCH(2). FAQs What is the basic exemption limit of income tax under the new regime? The new tax regime currently sets the basic exemption limit at Rs. 3 lakh. This was raised in last year’s budget from Rs. 2.5 lakh by Rs. 50,000. The income tax slabs applicable under the new tax regime are given above. Is PPF included in the new tax regime? Tax is not levied on maturity proceeds from investments in the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana. However, in the new regime, investments in these accounts do not qualify for the section 80C deductions up to Rs 1.5 lakh offered by the old regime.

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Rajasthan Marriage Registration

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rajasthan marriage registration

Marriage registration is a crucial legal process in Rajasthan that provides official recognition to a marital union. The Rajasthan Government’s Registrar of Marriages oversees the registration procedure, which is simple and mandatory under the law. Couples can register their marriages online or offline by submitting the required documents, including age proof, residence proof, and wedding invitation card. Acts for Registering Marriage in Rajasthan Marriages performed within the borders of the enchanting state of Rajasthan are governed by either the Hindu Marriage Act, 1955, or the Special Marriage Act, 1954. The registration process for these marriages can be conducted online or through designated Registrar offices. Upon successful registration, a marriage certificate is issued, providing legal recognition to the union Hindu Marriage Act, 1955 Marriages Performed under Hindu Customs: The act is applicable to marriages solemnised as per Hindu customs and rituals. Bride and Groom Should be Hindus: Both the bride and the groom must be Hindus to fall under the purview of this act. Age Requirements: The groom should be at least 21 years old, and the bride should have attained the age of 18 at the time of marriage. Jurisdiction of Registering Officer: The jurisdiction of the Registering Officer in Rajasthan should cover one of the following places: Residence of the groom Residence of the bride Place of solemnisation Special Marriage Act, 1954 To register a special marriage in Rajasthan, the following criteria must be met: Age Requirements: The groom must be at least 21 years old, and the bride should have completed 18 years at the time of the marriage ceremony. Registration Places: Special marriages can be registered at any of the following locations: Registrar Officer in the residence of the groom Registrar Officer in the residence of the bride Registrar Officer at the place of solemnisation Notice of Intended Marriage: For special marriage registration, a notice of intended marriage is first issued. If there are no objections to the marriage within 30 days from the notice, the marriage is registered. Benefits of Applying for Marriage Registration Rajasthan Proof of Marriage: The marriage certificate serves as official proof of the marital union between a woman and her spouse, providing legal recognition to their relationship. Social Security and Confidence: For a married woman, having a valid marriage certificate instils a sense of social security and self-confidence, as it attests to her legally recognised marital status. Financial Benefits: The marriage certificate plays a crucial role in claiming various financial benefits, such as bank deposits or insurance-related benefits, for a spouse after the death of the policyholder in the absence of any nomination. Passport Application: The marriage certificate is essential for applying for a passport under the Tatkal scheme. Additionally, it facilitates the process of changing the spouse’s name in the passport. Legal Recognition: The marriage certificate provides legal recognition to the marriage in various official and legal processes, making it a vital document for several administrative and legal matters. Property Rights: The marriage certificate establishes the legal basis for property rights and inheritance, safeguarding the interests of both spouses in matters of assets and properties. Visa and Immigration: The marriage certificate is often required for visa and immigration applications, making international travel and settlement smoother for married couples. Children’s Rights: A valid marriage certificate is essential for establishing parental rights and responsibilities, ensuring the welfare and rights of any children born within the marriage. Social and Cultural Functions: The marriage certificate is frequently required for participating in social and cultural functions, formalising the couple’s presence as a married unit in various events. Legal Protection: Having a registered marriage certificate provides legal protection to the couple’s rights and interests, offering recourse in case of any disputes or disagreements. Documents Required Age proof of both the groom and the bride. Address proof such as Ration card, Voter ID, Passport, or driving license. Additional address proof like Aadhaar Card, PAN Card, and Voter ID. Joint photograph of the couple. Completed application forms. Affidavit. Applying for Marriage Certificate through eMitra Centre Step 1: Complete the Application Form and Affix Photos: Begin by filling out the application form with all the necessary details. Affix recent photographs of both the bride and the groom as required. Step 2: Provide Details in Affidavit: Prepare an affidavit providing relevant details about the marriage, including the date, place of solemnisation, and the names of the bride and groom. Step 3: Visit the eMitra Centre: Head to the nearest eMitra centre in your location. Present the completed application form, affidavit, and all other required documents to the service centre representative. Step 4: Obtain the Application Receipt: After submitting the application and necessary documents, you will receive a receipt from the eMitra centre. This receipt acknowledges the submission of your application. Step 5: Collect the Marriage Certificate: Once the Registrar approves the application and verifies the provided information, you can collect the official marriage certificate from the Registrar’s office. FAQs What is Marriage Registration in Rajasthan? Marriage Registration is the process of legally recording a marriage between two individuals under the relevant laws in India. In Rajasthan, marriage registration is mandatory to obtain a legal acknowledgment of the marriage, which is essential for various legal and administrative purposes. Is It Mandatory to Register a Marriage in Rajasthan? While marriage registration is not mandatory under religious laws, it is highly recommended to ensure that the marriage is legally recognized. For couples who marry under the Special Marriage Act, marriage registration is compulsory.

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GST Return

Goods & Service Tax / /
GST Return

GST or Goods and Services Tax, replaced the numerous different taxes which were levied by Central and State governments on different products or services. While it was enforced in 2017, the GST Act was passed in the year 2019. This taxation system intends to streamline the numerous taxes levied on products, making it simple for the taxpayers, their collectors, etc A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability. What is GST Return and GST Return Filing A GST Return is a legal document persisting GST invoices, receipts, payments, etc., of a certain period. It is a collection of all the details of income, sales, expenses, and purchases of a GST-registered taxpayer. The main parts of a GST return include- Purchases Sales Output GST (on sales) Input tax credit (GST paid on purchases) All businesses registered under the Goods and Service Tax (GST) are liable to file GST returns monthly, quarterly, and annually on the basis of the business. While filing the GST return, it is mandatory to provide the respective details about the sales or purchases of the goods and services together with the amount of tax that is collected and paid. For filing the GST returns, one has to file 4 forms that may include the returns for the purchases made, returns for the supplies, monthly/annual returns, etc. The government has made GST return filing in India compulsory for all such entities that carry a legit GST registration. Types of GST Returns and GST Return Filing Due Dates There are quite a few types of GST filing which have their specific forms. These forms are listed below in the chart with the due dates for filing the GST returns- Form Name Applicable Entrepreneurs GST Filing Dates GSTR-1 Taxable suppliers to file outward supplies. 10th of next month GSTR-2 Taxable recipients to file inward supplies to claim tax credit. 15th of next month GSTR-3 Taxable individuals file monthly returns based on finalisation of outward and inward supplies along with tax amount payment. 20th of next month GSTR-4 Composition suppliers to file quarterly returns. 18th of next month GSTR-5 NRIs who are taxable. 20th of next month GSTR-6 Input service distributor to file for return. 13th of next month GSTR-7 Authorities conducting TDs to file return. 10th of next month GSTR-8 Tax collectors and e-commerce operators to file supply details and tax collection detail. 10th of next month GSTR-9 Taxable individuals to file return. 31st December of next year GSTR-10 Taxable individuals with cancelled registration to file final return. Within 3 months of cancellation of order GSTR-11 Individuals with UIN refund claims to file inward supply detail. 28th of the month following the month for a statement was filed Who should file GST Returns? Under the GST regime, regular businesses having more than Rs.5 crore as annual aggregate turnover (and taxpayers who have not opted for the QRMP scheme) have to file two monthly returns and one annual return. This amounts to 25 returns each year.  Taxpayers with a turnover of up to Rs.5 crore have the option to file returns under the QRMP scheme. The number of GSTR filings for QRMP filers is 9 each year, which include 4 GSTR-1 and GSTR-3B returns each and an annual return. Note that QRMP filers have to pay tax on a monthly basis even though they are filing returns quarterly. There are also separate statements/returns required to be filed in special cases such as composition dealers where the number of GSTR filings is 5 each year (4 statement-cum-challans in CMP-08 and 1 annual return GSTR-4). GSTN GSTN, or Goods and Services Tax Network, is an online portal containing all the details of sellers and buyers registered under GST’s regulation. Businesses and taxpayers can access these details from the GSTN for filing their returns, logging invoice data, etc. Companies have to file a total of 37 returns, one annual return and 3 monthly returns (once every 3 months) during a financial year. These contain information, including details of inward and outward supplies instigated by an organisation.  FAQs What is GST Return? A GST Return is a document that contains details of income, purchases, sales, and the output tax liability that a business must file under the Goods and Services Tax (GST) law. It is a periodic declaration that businesses make to the GST department to report their transactions and pay taxes. What Types of GST Returns Are There? GSTR-1: Used to report outward supplies (sales) made by the business. GSTR-2A: A system-generated return showing the details of inward supplies (purchases) of the taxpayer. GSTR-3B: A summary return filed for the payment of GST, detailing both sales and purchases, and the tax liabilities. GSTR-4: Filed by businesses registered under the Composition Scheme to report quarterly returns. GSTR-5: For non-resident foreign taxable persons. GSTR-6: For Input Service Distributors (ISD). GSTR-7: For tax deductors (TDS) under GST. GSTR-8: For e-commerce operators who collect TCS (Tax Collected at Source). GSTR-9: Annual return for regular taxpayers. GSTR-10: Final return to be filed when a business is discontinued or its GST registration is canceled.

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Driving Licence Address Change

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driving licence address change

Individuals who have shifted their residential address will have to make an application to their respective Regional Transport Office to reflect the change in their driving licence. This can be done either online or offline. Documents to Change of Address in Driving Licence Online Application in Form 33 Certificate of registration Proof of new address Valid insurance certificate Pollution under control certificate No Objection Certificate (in case of loan) Smart card fee (may be required in some states) Attested cop of PAN card or Form 60 and Form 61 (as applicable) Chassis & Engine Pencil Print (may be required in some states) Signature Identification of owner (may be required in some states) Online Process to Change the Address on Driving Licence Step 1: Visit the official website of Parivahan Sewa Step 2: Click on ‘Driving Licence Related Services’ from the drop-down menu under ‘Online Services’. Step 3: Select the state from the drop-down menu. Step 4: Select ‘Apply for Change of Address’ icon. Step 5: Click on ‘Continue’ Step 6: Enter the ‘Driving Licence Number’ and ‘Date of Birth’. Step 7: Click on ‘Get DL Details’. Step 8: Confirm that the driving details mentioned belongs to you. Select the option from the drop-down menu present beside the question. Step 9: Select the ‘RTO’ Step 10: Click on ‘Proceed’. Step 11: Add all the required details. Step 12: Check the box against ‘Change of address on DL’. Step 13: Choose one option out of ‘Permanent’, ‘Present’, or ‘Both’ as per your requirement and fill the required details. Step 14: Click on ‘Confirm’ and ‘Submit’ Step 15: Pay the processing fee. Offline Process to Change the Address on Driving Licence If you want to make an application offline, the first step to having your residential address changed in on your driving license is to obtain a No Objection Certificate / Clearance Certificate from the RTO from where you attained your driving license. Once you have obtained the CC / NOC, you will be required to go to the nearest RTO if you wish to apply for a change of address. You would need a caste certificate and an income certificate issued by Tahsildar. if you don’t have valid ID proof Along with the caste certificate, one has to submit other documents like a duly-filled application form, and address proof (like ration card, passport, voter ID, telephone bill, or water bill). For address change, get these documents verified by the superintendent and pay the processing fees. You will receive a receipt/acknowledgement slip confirming your application. The driving licence will be delivered within 30 days from the date of application. To correct address offline, follow the steps mentioned below: Step 1: Visit the nearest RTO office. Step 2: Get the address change form or you can download the form online from Parivahan website. Step 3: Fill the form and submit at the RTO along with all the required documents. Step 4: The RTO superintendent will verify your documents. Step 5: Upon completing verification, pay the fees for address change and collect the receipt. Step 6: Keep the receipt safely until your new Driving Licence arrives. The Driving License will be posted on your new address within 30 days after making application. FAQs Why Do I Need to Change the Address on My Driving License? You need to update your address on your driving license if you’ve moved to a new residence. This ensures that the information on your license is accurate, and it helps in case of any legal, official, or communication requirements related to your driving record. How Long Does It Take to Update the Address on My Driving License? The process of updating your address on the driving license usually takes 7 to 14 working days once your application is processed and approved by the RTO. If you apply online, you will receive a temporary acknowledgment until the new license is issued.

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Widow B.Ed Scheme-Rajasthan

Government Schemes / /
Widow B.Ed Scheme-Rajasthan

he state government of Rajasthan reimburses the course fees for B.Ed. in teacher training institutions for widows or abandoned women who enroll in the program, providing them with much-needed support. Widow B.Ed Scheme-Rajasthan 2024: Rajasthan Widow Abandoned Chief Minister (B.Ed) Sambal Yojana is a great scheme started by the Government of Rajasthan. Through this scheme, widowed abandoned women will be given financial assistance to take admission in B.Ed. The benefit of this scheme will be given to those women of Rajasthan whose husband has died. Rajasthan Widow Abandoned Chief Minister (B.Ed) Sambal Yojana 2024 The Rajasthan government has launched the Rajasthan Vidhwa Parityakta Mukhyamantri (B.Ed) Sambal Yojana for the widowed women of the state . Under this scheme, the government will provide financial assistance to the educated women of the state for B.Ed education. Due to this scheme, women of Rajasthan will study B.Ed and will earn good money for their life and make their life better. Widow B.Ed Scheme-Rajasthan 2024 Highlights Article name Widow B.Ed Scheme-Rajasthan 2024 State Rajasthan Beneficiary Widows of Rajasthan Eligibility It is mandatory for the candidate to be of Rajasthan origin. Only women taking B.Ed training will be made beneficiaries. Applicants must be regular students of the B.Ed training program from any government and recognized private institute in Rajasthan. It is necessary for the beneficiary woman to be divorced and abandoned. Women who have obtained a B.Ed degree earlier by taking admission in B.Ed course will be ineligible. 75 percent attendance of women in the concerned institute will be mandatory. The female candidate should not be a beneficiary of any other scholarship or equivalent scheme of the Government. Documents Required Aadhar Card Copy Address Proof Copy Bank Passbook Copy Divorce Certificate Copy Death Certificate Copy Domicile Certificate Copy Education Qualification Marksheet / Certificate Copy Fee Receipt Jan Aadhar/Bhamashah Card Copy Application Process Applicants have to visit the official portal. If applicants are not registered users, they need to click on register and complete the registration process. If Applicants are already registered users, they need to click on login with their SSOID & password. Fill out the application form. Provided the required documents. Submit. FAQs Is this scheme only for women ? Yes, this is only for Widow/Abandoned Women. May Other State Person Apply For The Scheme ? No, this is only for Rajasthan State.

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