Alankit Assignments Limited (JLT Branch)

Alankit Group is a provide Financial services, e- governance, Health car and insurance broking globally, our services ranges from offline and online trading in equity, future  & Option segments. 

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All Types of Forms Related to PAN Inquiries

PAN card is the mandatory document for the Indian citizen. It is required to be produced for all government and non-government dealings. Applicant has to fill in the details in the prescribed forms and submit it duly filled with all the necessary documents attached. Different types of forms are there for different applicants and the for varied cause. https://groupalankit.wordpress.com/2018/04/09/all-types-of-forms-related-to-pan-inquiries/

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Latest National Pension scheme for NRIs

NRIs can now invest in the National Pension Scheme to provide them security of income when they return and retire in India. Recently RBI allowed NRIs to subscribe to National Pension Scheme (NPS) that is easily accessible, low cost, tax efficient, flexible and portable retirement savings account. This scheme is governed by Pension Fund Regulatory and development authority. RBI as consultation from the government is going all the way to appease NRI through this scheme and rope them to invest in India.

As per the RBI the investment in this scheme is routed through normal banking channels and the subscription amount is to be paid by NRI either by inward remittance or out of the funds held in their NRE/FCNR/NRO account and there will be no restriction on repatriation of the annuity or accumulated savings.

Eligibility criteria:

Any NRI between the age of 18 and 60 years This scheme is not valid for the person of Indian origin and overseas Citizenship of India. In case the subscriber’s citizenship status changes, his/her NPS account would be closed. Investment in NPS is independent of other contribution to any Provident fund.

Source and Minimum contribution to the scheme:

Minimum contribution at the time of opening the account is Rs. 500/- Per year minimum contribution is Rs. 6000/- There are no limits for maximum contribution

Following documents are required to be presented:

Filled subscriber registration form Copy of passport In case local address is different from the address on passport, proof of address is required to be produced.

Key features:

Every individual subscriber is issued a Permanent Retirement Account Number (PRAN) card which has a 12 digit unique number. Under the scheme, individual has 2 options in terms of accounts- Tier – I and Tier – II. Tier I is mandatory account which will be provided to every subscriber. Tier II account is a voluntary savings facility and is optional and is made available as an add to Tier I account. Just as entry rules NRI has to follow certain rules regarding partial withdrawal and exit: Partial withdrawal is allowed for up to 25 percent of the contributions for those who have subscribed to the scheme for at least 10 years Higher education, marriage of children, purchase of construction of residential flat and treatment of specified illness are the only grounds on which partial withdrawal is allowed Premature exit is allowed only after completion of minimum 10 years with the scheme.

Benefits of NRI to invest in NPS:

1. It is best for NRI, who wish to return and retire in India 2. Financial advisors are of the view that the product is not only cost effective but also well regulated. 3. It has the history of delivering 8-10 percent returns over last 10 years 4. As NPS is the combination of debt and equity, it can be considered as a part of one’s portfolio but should not be seen as only retirement product one should possess 5. One should be well aware of foreign exchange risk factor when it comes to withdrawing amount invested in India. 6. Investing in NPS has become progressively attractive to NRIs, who are getting lured to this policy.

Original Resource:- https://groupalankit.wordpress.com/2018/03/30/latest-national-pension-scheme-for-nris/

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Some Light on Indian Worker’s

The primary objective of this centre is to provide 24 x 7 helpline, conduct awareness classes and counseling programs on legal, financial and social issues, al…

The primary objective of this centre is to provide 24 x 7 helpline, conduct awareness classes and counseling programs on legal, financial and social issues, also to manage a shelter home for runaway maids and deserted house wives helping them to have good and improved quality of life. https://www.slideshare.net/alankitsingapore/some-light-on-indian-workers

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Alankit as GST Suvidha Provider (GSP)

1st July 2017 holds a vital place in the history of economic change where notorious and complex tax system was channelized by one single unique tax – Gross Service Tax (GST) by the Government of India. https://groupalankit.wordpress.com/2018/03/09/alankit-as-gst-suvidha-provider-gsp/

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Things to Know About Alankit Dubai

Alankit is one stop solution for all when it comes to managing finance. The institution has over the years managed to expand its horizons outside the boundaries of India and one such country is Dub…

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How to Submit Pan Card Application Online

With government stressing on “GO Digital” and also becoming digital savvy, it means there are many important government functions that can be carried online and one of those is submitting Pan card application online. https://groupalankit.wordpress.com/2017/11/30/how-to-submit-pan-card-application-online/

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How to apply PAN card from UAE

Permanent account number or PAN is the 10 digit unique identification number allotted to each tax payer by the IT department of India under the supervision of Central Board of direct taxes. It is vital and mandatory document that serves as identity proof in all the government and non government departments and has to be presented in banks and other institutions as the proof of identity.  https://groupalankit.wordpress.com/2017/11/21/how-to-apply-pan-card-from-uae/

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How to open NPS account online & offline?

Online subscriber registration page will get opened. Select new registration, choose appropriate category, enter your Aadhar number and generate OTP. Enter OTP you receive on your registered mobile number and click to continue http://articles.pubarticles.com/how-to-open-nps-account-online-offline-1510555957,1722590.html.

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Is Your PAN Card Blocked? How you can Check

As per the regulation of the government, one person cannot be registered with more than one PAN card and recently Government has deactivated more than 10 lakhs permanent account numbers. In order to find out whether your PAN card is blocked or not here are the following ways:

https://groupalankit.wordpress.com/2017/10/17/is-your-pan-card-blocked-how-you-can-check/

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How to link Aadhar and PAN card, Last date extended to 31st December 2017

Good news to all those, who have not yet linked the Aadhar card and Pan card as the government has on 31st August, 2017 extended the deadline by four months i.e. now the last date for linking the country’s most vital identity proof – Aadhar and Pan card is 31st December, 2017. https://groupalankit.wordpress.com/2017/10/03/how-to-link-aadhar-and-pan-card-last-date-extended-to-31st-december-2017/

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Aadhar: ‘Mera Aadhar Meri Pehchaan’

With central government making Aadhar card mandatory for all government and non-government purposes, it has become the unique identification for all Indian citizens. From Identity of common man to unique identification code of all the citizens, Aadhar card has been mandatory for every Indian. https://groupalankit.wordpress.com/2017/09/13/aadhar-mera-aadhar-meri-pehchaan/

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How to link Aadhar and PAN card, Last date extended to 31st December 2017

Good news to all those, who have not yet linked the Aadhar card and Pan card as the government has on 31st August, 2017 extended the deadline by four months i.e. now the last date for linking the country’s most vital identity proof – Aadhar and Pan card is 31st December, 2017. https://onmogul.com/stories/how-to-link-aadhar-and-pan-card-last-date-extended-to-31st-december-2017

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10 Pension plans in India – Features and benefits

Pension plans maintained by employers aid the employees to have secure financial future and protect them from unforeseen circumstances that may arise post retirement. All these plans are best suited for senior citizens who are looking to effectively plan their retirement. http://www.herbaltricks.com/Articles/10-pension-plans-india-%E2%80%93-features-and-benefits

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10 Pension plans in India – Features and benefits

Pension plans maintained by employers aid the employees to have secure financial future and protect them from unforeseen circumstances that may arise post retirement. All these plans are best suited for senior citizens who are looking to effectively plan their retirement.

Original Resource:- http://www.herbaltricks.com/Articles/10-pension-plans-india-%E2%80%93-features-and-benefits

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New pension scheme benefits and features

NPS allows one to accumulate corpus from the age of 18 years for forty odd years irrespective of geographies and employers in one single PRAN account with mini…

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Some light on Qualified Foreign Investors QFI in India

Qualified Foreign Investors (QFIs) is sub category of foreign portfolio investor and refers to any foreign individuals, associations or groups or residents, however restricted to those from a country that is the member of Financial Action task force or a country that is member of FATF and a country. http://alankitsingapore.pen.io/

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Link Pan Card and Aadhar, now mandate and beneficial

Linking of pan card is made mandatory by the Government of India with effect from 1st July 2017. So, from this date onwards, every person is eligible to obtain Aadhar is required to quote his/her Aadhar Enrolment ID number for filing I-T returns as well for applying PAN cards.  https://www.linkedin.com/pulse/link-pan-card-aadhar-now-mandate-beneficial-shankar-lal?published=t