Pradhan Mantri Mudra Loans

PRADHAN MANTRI MUDRA YOJANA

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below Rs. 10 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

a.    Shishu: covering loans up to Rs. 50,000

b.    Kishore: covering loans above Rs. 50,000 and up to Rs. 5,00,000

c.    Tarun: covering loans above Rs. 5,00,000 and up to Rs.10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

Working Capital Loans will be provided through Mudra Cards

Mudra Loans could be availed for the following

Vehicle loan

Commercial vehicle loan

Car loan and

Two-wheeler loan

Documents Required for Pradhan Mantri Mudra Yojana

Vehicle Loans

·         Mudra application form

·         Vehicle loan application form

·         2 passport size colour photographs

·         Photo Identity proof

·         Address proof

·         Income proof

·         Bank statement (last 6 months)

Business Installment Loan

·         Mudra application form

·         BIL application form

·         Photo identity proof

·         Address proof

·         Establishment proof

·         Bank statement (last 6 months)

·         Ownership proof of residence/office

·         Proof of continuity of business

·         Proof of qualification

·         Trade references

Business Loans Group and Rural Business Credit

·         Mudra application Form

·         BIL/RBC application form

·         Photo identity and age proof

·         Address proof

·         Ownership proof of residence/office

·         Business vintage proof

·         Bank statement (last 12 months)

·         Income tax return (last 2 years)

      

      Following is the format of Mudra Application Form

Visit www.mudra.org.in for more details

*********

PAN Guidelines With Effect from 1st January 2016

Sovereign Gold Bond Scheme

SOVEREIGN GOLD BOND SCHEME

1. Eligibility:- Only to Resident Indian Entities including Individuals, HUFs, Trusts, Universities & Charitable Institutions.

2. Tenor : - Tenure of Bond - 8 Years with exit option from 5th Year to be exercised on the interest payment dates.

3. Minimum Size : 2 gms of gold.

4. Maximum Size : 500 gms per person per fiscal year.

5. Joint Holding :- In case of joint holding the limit will be applied to the first applicant only.

6. Sales Channel :- Bonds will be sold through banks and designated Post offices, as may be notified.

7. Interest Rate :- Fixed Rate of 2.75% per annum payable semi-annually on the initial value of investment.

8. Collateral:- Bonds can be used as a collateral for loan.

9. KYC Documentation :- Mandatory

ROC Extended the due date annual filings for the year 2015 to November 30th

Late Filing Fee for Service Tax Return

Filing of Awarder Return - Kerala VAT (Sales Tax) - Basics

FILING OF AWARDER RETURN UNDER KERALA VALUE ADDED TAX

1. The dealer must get a separate TIN No and Password from the concerned sales tax office in order to file the awarder return.

2. There is a separate link in the Kerala Commercial Tax Department site to login as an awarder.

3. Every awarder including a department of State Government and Central Government must file a Statement in Form No 10C showing the details of works contract awarded during every quarter.

• For Quarter 1 - (April - June)             - 10th day of July
• For Quarter 2 - (July - September)     - 10th day of September
• For Quarter 3 - (October - December) - 10th day of January
• For Quarter 4 - (January - March)      - 10th day of April

4.  Every awarder shall deduct the tax from the payment made to the contractor and pay to the assessing authority concerned.

5. Awarder shall issue a certificate in Form No 20F to the contractor and the Contractor shall issue a certificate in Form No 20G.

How to track the Income Tax Challan Status Online

Step 1 Click the following link

https://tin.tin.nsdl.com/oltas/

Step 2 You can Click either

(a) CIN based View  or

(b)  TAN based View

Step 3 Type BSR Code, Challan date, Challan Serial Number and Amount

Step 4 You can Check whether payment has been confirmed for your challan