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FAQs
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How do I file income tax return in India?
Greeting Friends !!!If you are going to file it yourself, then following is the procedure:-Before you start the process, keep your bank statements, Form 16 issued by your employer and a copy of last year's return at hand. Next, log on to http://incometaxindiaefiling.gov...Follow these steps:Step 1: Register yourself on the website. Your Permanent Account Number (PAN) will be your user ID.Step 2: View your tax credit statement — Form 26AS — for the financial year 2015–16 . The statement will reflect the taxes deducted by your employer actually deposited with the I-T department. The TDS as per your Form 16 must tally with the figures in Form 26AS. If you file the return despite discrepancies, if any, you could get a notice from the I-T department later.Step 3: Under the 'Download' menu, click on Income Tax Return Forms and choose AY 2016–17 (for financial year 2015–16 ). Download the Income Tax Return (ITR) form applicable to you.Which Income Tax Return Form Require to file or applicable F.Y. 2015–16 by Hetal M Kukadiya on Tax Knowledge Bank - IndiaStep 4: Open the downloaded Return Preparation Software (excel or Java utility) and complete the form by entering all the details , using your all documentsStep 5: Ascertain the tax payable by clicking the 'Calculate Tax' tab. Pay tax (if applicable) and enter the challan details in the tax return.Step 6: Confirm all the information in the worksheet by clicking the 'Validate' tab.Step 7: Proceed to generate an XML file and save it on your computer.Step 8: Go to 'Upload Return' on the portal's left panel and upload the saved XML file after selecting 'AY 2016-2017 ' and the relevant form. You will be asked whether you wish to digitally sign the file. If you have obtained a DS (digital signature), select Yes. Or, choose 'No'.Step 9: Once the website flashes the message about successful e-filing on your screen, you can consider the process to be complete. The acknowledgment form — ITR—Verification (ITR-V ) will be generated and you can download it.Step 10: you can Verify online with EVC Pin or Take a printout of the form ITR-V , sign it preferably in blue ink, and send it only by ordinary or Speed post to the Income-Tax Department-CPC , Post Bag No-1 , Electronic City Post Office, Bangalore - 560 100, Karnataka, within 120 days of filing your return online.Its Advisable to go with CA help for filling Tax return. There are lots of amendment come in every year, to file accurate return and Tax planning benefit etc so Prefer to go with expert like CA, Tax Preparer etc…Be Peaceful !!!
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Do you know any “men will be men” moments?
This is not only “men will be men” but also how north Indian culture plays with life of Tamil men. It was 80’s when i am in Twenties this happened. There was a Beauty queen living in my locality. Remember it is 80’s where the cultural connections between north and south not developed that much!That Queen, she is a Tamil Brahmin. So what she will do ? Listen to Hindi songs, Hindi movies are her favorite. I am a king in Hindi songs right at that period itself. So i used to exchange Hindi cassettes and Illayaraja cassetes and listen to music like a maniac! She is like me, having a wonderful taste bud for music.Previously when i was a small boy she a small girl staying in Triplicane. Now after a long we landed up in the same area, like Tamil movie story. Now i am grown up and she has grown up into a dazzling damsel! It was a sweet surprise for me and continued our childhood friendship. This is how we became friends. I will go her house and talk and the parents are very forward thinking and she is very confident of not crossing lines. So no problem for us to talk in her house.Very rare to see such Beauty with Brain combo. My new friends in the new locality got shocked to know that she is my friend! Three guys were madly following her. They came to me and asked what she thinks about each of them ? (Everyone asked separately and they never disclosed their love to others).I got amused because she is living in a different world and these guys are living in a different world. And in fact i got angry, What do you think of me ? If ever she decides to love a man, i am there so, you people need not have to bother much okay! This was my answer!One important thing she is mad about Hindi! She don’t know Hindi. I know Hindi. My mother is a Hindi Pandit, so Hindi came to all of us in my house by default except my father. But he is a Sanskrit Pandit. (now you can understand, how i am an expert in Hindu puranas) Our Queen used to ask me meaning for so many Hindi words and i enjoyed those moments. She never stopped with that. Her Hindi craze made her to move further.Yes like Jyothika becoming Chandramukhi in a movie, she slowly changed herself into a Hindi woman by dress, style and language in Hindi style. She started wearing Bandini like dresses. If ever a Hindi guy landed there at that period he could have easily made her fall in love. To that extent her Hindi craze developed.The men will be men moment is coming now. One fine day she has called my friends to come to her house. My first friend went there happily, because she told him this is a very special day and i am going to surprise you! He dressed up so well and signNowed her home after visiting a Temple.He got a huge 1000 voltage shock. Yes she is celebrating Raksha Bandhan festival and for the first time a Tamil woman is going to tie Rakhi to her Tamil brother and she is searching for brothers desperately as she was only kid in the house.She invited my friends and tied Rakhi to the early bird and gave explanation about Rakhsha bandan and how she liked so much him as a brother! I cannot go on that day because our Avani Avittam Janeu changing function exactly coincides on Raksha Bandan day so i am busy with my function.Our first friend showed the Rakhi she tied with love to me, with Tears in his eyes. He cried for converting a great lover into a Brother instantly by tying a Rakhi, mercilessly. This is not fun part. Now Suddenly his face lit up! He got happy. Hey, How are you laughing in this sad moment ? I asked.He said, she told me to bring other two guys and she is having two more Rakhee left! The next guy came he did not knew what happened to the Early bird, went to her house, came back like a person coming out of a theater watching horror movie!In the meantime the first guy opened what happened in her house to the Third guy who came next. He took a strong decision not to go to her house and spoil his chances. And he planned meticulously and he ran off from the whole place!PS : After 10 years or so Rakhi became known to everyone in Tamilnadu and in Tamil movies they used this for comedy, but every time i see such comedy i used to remember the real life incident happened long back!
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How can I fill GSTR1 by myself?
Hi,For July 2017, GSTR 1 has to be filed by 30th October,2018.You can use ClearTax GST Software: India's first ready-to-use GST Software-It is easy to use & you need to only upload your sales data & the software will automatically read the data & prepare the return form for you.Steps:1. Import / Create your dataGet your data into ClearTax GST software by following any of the four ways:Create invoices on ClearTax GST softwareIf you are using Tally, export GSTR 1 under statutory reports & import the file into Cleartax GSTIf you are using government GSTR 1 offline excel utility, fill the data ...
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I have been rejected by 11 mechanical core companies and have 2 more interviews. How can I keep my confidence up for those inter
First of all, getting rejected does not mean the “End of the World”.Disclaimer:The answer is going to be very long and this is my personal experience. Please read it till the end, I am sure you will get benefitted. If you want any personal suggestion, please comment on the answer and I will try to answer your query.Although I don’t want to share my personal story, let me share with you so that you might feel that you are not alone. There are others who felt almost the same.Almost 10 years back, I completed my B-Tech from Icfai University, Dehradun in Computer Science.That time, it was a big...
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I have lost my RC book. Who can get me a duplicate RC book in Bangalore, Indiranagar RTO?
I applied today(25 April 2017) for a duplicate RC smart card in Koramangala RTO. There are a few changes in process from those mentioned in other answers. So, i thought I will write up the updated process.Step 1: File a police report onlineGo to http://bcp.gov.in/ and click on ‘Lost and found’ and register the lost report for your RC. Make sure you read the FAQ page on the website. It is very informative.There is no need to go to the police station. My online police report was accepted by the Koramangala RTO.Step 2: Get a B-extract from a Bangalore One centre.Visit any Bangalore one centre ...
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What are the best formats for a resume?
Just as the best product is the one that gets the job done, the best resumes are those that communicate your skills and accomplishments in a clear, effective way. Graphical resumes are, in particular, terrible. Unless you can be one of the lucky few to get a bunch of media attention for a nifty format, you will hurt yourself far more than you'll help yourself if you use a graphical resume. Graphical resumes are typically difficult to read and they sacrifice content -- your hard-earned accomplishments -- in favor of pretty pictures and useless graphics. See: Why Your Awesome, Creative Resume Isn’t Working.A good resume format has the following attributes:Multiple Columns: Multiple columns make it easier for someone to quickly skim your company titles, positions, schools, and other key facts. It also stores this information in a very compact way, allowing more space to list things you've done. (Note: do not use one of those templates where the entire left part of the resume is a column for the categories. They waste a lot of space.)Short and Sweet: People only spend about 5 - 30 seconds reading your resume, and this isn't enough to read even a full page of content. When your make your resume too long, it just dilutes the quality of each thing on your resume. Focus on just the highlights. One page is often all you need, but if you have 10+ years of experience and multiple roles, you can justify at most two pages. That's it though.The Right Sections: No objectives (they're useless). Summary sections can be okay, but they're usually not (after all, if your resume is short and concise, then you don't really need a summary section). Use Tables: Okay, this is really nit picky, but it's a personal pet peeve of mine. The way to make multiple columns in Microsoft Word is with tables (with invisible columns), not by hitting 'space' dozens of times. Bulleted -- No Long Text Blobs: Again, you only have about 15 seconds to make an impression. Large blocks of text will not be read. Keep your bullets to 1 - 2 lines (and, ideally, about half or more of those bullets should be one line).Appropriate Use of Fonts and Formatting: You don't want to go overboard with fonts and formatting. However, a little bit of formatting (bold, italics, etc) can be useful to organize your resume.So with that said, here are two formats that work perfectly well:This resume can be downloaded here: http://www.careercup.com/resume.This resume can be downloaded here: http://www.thegoogleresume.com/r...The first resume is a format I designed myself, whereas the second one is a format required by Wharton's MBA program.
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What does the "E" mean when referring to a large company's tiers of employees?
I’ll assume we mean CEO and EVP. — Executive is what it stands for, and it’s a jargon term of sorts. The dictionary defines it to mean: “having the power to put plans, actions, or laws into effect”.To me, executive, or being an executive, means that you have the power and fiduciary capacity to bind or obligate, contractually, a company or corporation (to do something) on your own authority. — Not every executive will have an E in his or her title.Vice President, or VP, is a prototypical example of a junior executive. President is the most obvious example. Many companies may have only a President and a VP; it won’t have an EVP (Executive Vice President).Corporate charters usually list a President, a VP, a Secretary, and a Treasurer; sometimes, the last two are combined as Secretary-Treasurer. — This type of Secretary is not the receptionist-kind, though I guess nothing stops him or her from working as the business’s receptionist.These four corporate officers are your obvious corporate executives. It’s only after you list them that you might start handing out C-suite titles, like CEO, COO, CFO, etc.It can get confusing. — The CEO (Chief Executive Officer) you’d think would be the chief officer and executive of the company. Wait until you run across someone who is the Chairman (of the Board of Directors [BOD]) and CEO; and, the #2 person in the company is the President and COO.In that case, who is senior? Is the CEO higher up than the President? — All of this depends.You have to look at your corporate charter (i.e., your bylaws and other internal regulations); and, you have to comply with the rules of whatever agency you’re working with.Many years ago, I was on the phone with the IRS trying to figure out why they claimed to be missing a tax return that was filed a decade ago. By on the phone, I meant I was on hold for an hour, and then finally an agent came onto the line. She asked for various information about the company and finally asked me for my title, to which I respond, “Chief Financial Officer”. — She said, “That is not a recognized title for a person I can talk to about these matters for the type of business this is”.I was pretty worn out, and the thought of having to go through that wait again was something I was going to avoid at all costs. — My title was the CFO. The only person higher up in the company was the President. So, it gave me an idea. I said, “Well, I’m a Vice President as well, if that helps”.I heard her type that into her computer, and then, monotonically, she said, “That is an acceptable response. How may I help you?”Documents I had to sign, which were submitted to the IRS, and prepared by an outside CPA, listed my name and followed by my title: “C.F.O.” — and, that never caused a problem.Even earlier on, I was dealing with a governmental agency of some sort (can’t remember) in person, and when I finally got around to seeing a real person, she asked me similar questions, and then, she asked for my title. I was basically asleep by that time, so I fumbled my words a bit before spitting out CFO/Chief Financial Officer.For some reason, that triggered something in her, and she responded, “Are you sure that’s your title?” — I was in my late 20s. I was not dressed in a suit. Yes — that was my title.She asked me for my ID, and I stored my business cards right behind my driver’s license, so I handed her both. She compared them with my face, and then we were off to the races.I’ve had banks have no problem with me signing documents on behalf of a corporation as the CFO, and I’ve had a bank, once, only care to accept the signature of the President and the VP, jointly.Considering the nature of the document — it was just to attest that we were finished building something; that construction had been completed — I told the lender, with whom I’d previously worked, when I worked at that bank, that he’d have an exception on him until the end of time if he waited around on those two people to come in to the bank and sign his document.An “exception” is missing documentation that the compliance department requires you to fill out or for customers to fill out and sign. As I used to audit exceptions for officers of the entire banking system, I knew that lenders, usually, had pages of these, which were bad for them and bad for the bank.Anyway, I repeated again that I was the CFO of the corporation and one of only three people who could sign anything binding on behalf of the corporation, so he basically had the choice to accept my signature or to get nothing. — We’d likely not be doing business with his bank again, because — in general — our customers had their own cash already; we didn’t deal with people who had to have us be a part of the finance process.The nominal VP didn’t even work full-time for the corporation anymore, and the President was not going to sacrifice time with his customers to come put a signature on what he’d think was a worthless sheet of paper.I signed the paper, as the CFO, and the next year he used my email address to solicit us for money for one of the bank’s community fundraisers. — I should have reported him.So, it’s not always obvious who is an executive of a company or a corporation, and it’s not always obvious what title you’ll be expected to use when presenting yourself, as an executive of a corporation, to some other person or some other agency.Corporations are incorporated within one single state, and you can usually do an online search for “franchise tax status” for a particular state and figure out whom the officers are for corporations, because corporations are subject to franchise tax reporting and the identities of corporate officers are not usually private information.In so doing, you’ll likely get merely the last filed update to the corporate charter listing the Pres., VP, Secretary, and Treasurer.For larger corporations, where you may see everything from AVP, Officer, VP, SVP, and EVP, you’re out of luck. — In my younger years, when I worked at the bank, the lady who sat two desks over from me was an Assistant Vice President but reported to a lady who was no higher up the figurative ladder than I was. If I needed someone to co-sign an official bank check, because the amount of the check was above my signing limit, then I’d go over to the AVP, not to my supervisor.I offer that up as clarification on what executive means because — if your subordinate is some-sort-of-VP, and you’re not some-sort-of-VP — then, it’s questionable whether the AVP is an executive of the corporation.A bona fide (full) Vice President is usually always an officer and executive of a corporation, firm, or organization. — These people have signNow abilities to bind the corporation contractually and to attest and affirm, on behalf of the corporation, that certain documents are true and correct submissions.Even if you have four Executive Vice Presidents, ten Senior Vice Presidents, and 37 VPs, unless otherwise stated in the law, or on the form, if the VP signs it, then the corporation is bound by the signature of the VP.Even if the corporate bylaws say that, e.g., only the President can sign tax returns on behalf of the company, the submission will be accepted on behalf of the attestation and signature of the VP — almost any VP. Probably, even the AVP whose supervisor carries no title that could be confused with that of an officer/executive.In practice, if you have a big title, — at least once the novelty of it has worn off — you’re only going to want people or organizations that require such a title to know what your true title is. — It’s fine to the tell the IRS you’re the President and CEO, but you might not want to tell everybody you meet that’s true.That is — until you meet someone who, for some reason, doesn’t trust that the person with whom they are speaking has a word that carries any weight at the company. — The prototypical example here is a disgruntled customer.I don’t know how many times I’ve had a guy who was mad about something use something like, “Well he
said that y’all were gonna do .”At that point, it is great to be able to say, “He doesn’t have the authority to make such promises. Only the manager does, and I’m the manager.”—And, I’ve been in the situation before when, for whatever reason, my supervisor was actually myself. — Didn’t mean I didn’t have a boss, but given the normal chain of command, for some reason, I was my own direct report.So, when the guy then says, “Well! If you’re the manager, then I wanna speak to your boss!”At which point you say, “Well, I’m also the CFO of the entire corporation, and this manager normally reports to me. So, you’re already talking to his boss.”“Oh.”—One thing an executive can do that, usually, an employee or manager cannot do, is to sever a relationship with a customer or a supplier.That action severs the potentiality of future cash inflows and outflows. Without having a greater understanding of the organization, above and beyond what the everyday employee has, — the organization’s needs, its weakness, its vulnerabilities; its profit margins and balance sheet — you lack what you need to make such decisions.These are decisions that alter contractual arrangements or that create new ones. — Most of the time, an executive makes those decisions, and he or she may act on them himself, or he may delegate the operational communication of them to other people, be it an assistant or, even, a low-level employee.Big decisions certainly can be delegated. That said, big decisions are made by people with E somehow related to their titles. — Unless, of course, if they are unauthorized.
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