To claim tax exemption on home loan tax payers now need to quote PAN number of the bank or institution from where they have taken loan. The loan providers have now modified their home loan payment certificate which quotes their PAN Number. But in case you are not able to find it, here is a list of banks / NBFCs with their PAN Numbers.

Bank/Home Loan Providers PAN Number
Allahabad Bank AACCA8464F
Andhra Bank AABCA7375C
Axis Bank Limited AAACU2414K
Bank of Baroda (BoB) AAACB1534F
Bank of India (BoI) AAACB0472C
Bank of Maharashtra (BoM) AACCB0774B
BMW India Financial Services AADCB8986G
Canara Bank AAACC6106G
Canfin Homes Limited AAACC7241A
Central Bank of India AAACC2498P
City Union Bank Limited AAACC1287E
Corporation Bank AAACC7245E
Dahod Urban Co.op. Bank Ltd. AAAAT2915L
DCB Bank Limited AAACD1461F
Deutsche Bank AAACD1390F
GIC Housing Finance Limited AAACG2755R
HDFC Bank Limited AAACH2702H
Housing & Urban Development Corporation Ltd. AAACH0632A
ICICI Bank Limited AAACI1195H
ICICI Home Finance Company Ltd AAACI6285N
IDBI Bank Limited AABCI8842G
India bulls AABCI3612A
Indian Bank AAACI1607G
Indian Overseas Bank (IOB) AAACI1223J
Indusind Bank Limited AAACI1314G
ING Vysya AABCT0529M
Kotak Mahindra Bank Limited AAACK4409J
L&T FinCorp Limited AAACI4598Q
L&T Infrastructure Finance Company AABCL2283L
LIC Housing Finance Limited AAACL1799C
Oriental Bank of Commerce AAACO0191M
PNB Housing Finance Limited AAACP3682N
Power Finance Corporation Limited AAACP1570H
Punjab & Sind Bank AAACP1206G
Punjab National Bank (PNB) AAACP0165G
Ratnakar / RBL Bank Ltd AABCT3335M
Reliance Home Loan Finance Limited AAECR0305E
Saraswat Co-Op. Bank Ltd AABAT4497Q
sardar bhiladwala pardi peoples ltd AABAS4480Q
Standard Chartered Bank AABCS4681D
State Bank of Bikaner and Jaipur (SBJJ) AADCS4750R
State Bank of Hyderabad (SBH) AADCS4009H
State Bank of India (SBI) AAACS8577K
State Bank of Mysore (SBM) AACCS0155P
State Bank of Patiala AACCS0143D
State Bank of Travancore AAGCS9120G
Syndicate Bank AACCS4699E
TATA Capital Housing Finance Ltd AADCT0491L
TATA Capital Ltd AADCP9147P
TATA Motors Finance Limited AACCT4644A
The Karnatka Bank Limited AABCT5589K
The South Indian Bank Limited AABCT0022F
Union Bank of India AAACU0564G
United Bank of India AAACU5624P
Vijaya Bank AAACV4791J
YES Bank Limited AAACY2068D

You can cross check posted PAN with following link.

Aadhaar is mandatory for all stakeholders – MCA

MCA Notice

Image result for aadhaarMCA is actively considering Aadhaar Integration for availing various MCA21 related services. As a preparatory step, all individual stakeholders viz. DIN holders /Directors/ Key Managerial Personnel/ Professionals of the Institute of Company Secretaries of India-Institute of Chartered Accountants of India-Institute of Cost Accountants of India (whether in employment or in practice) are requested to obtain Aadhaar as early as possible for integrating their details with MCA21 and also ensure that the information in Aadhaar is in harmony with PAN. When implemented, all MCA21 services shall be available based on Aadhaar based authentication ONLY. The date of Aadhaar integration with MCA21 would be announced shortly. Stakeholders are requested to plan accordingly on PRIORITY so as to avoid future inconvenience.

7 Things You Will Learn From The Kapil Sharma Show

Image result for the kapil sharma showThe Kapil Sharma Show has become a history. Things to learn from this:-

  1. Everything that rises must fall.
  2. You can’t continue to rise or stay at the top by insulting your team mates.
  3. Don’t break the ‘Winning Team’.
  4. People only worship the rising sun.
  5. Too much alcohol and ego is bad for your health.
  6. It takes years to make a reputation and takes minutes to lose it.
  7. You lose everything once u lose your reputation.

Can Ngo’s sell products online???

Hello everyone,

NPO's.jpgTrust all of you doing well in your life. Today I would like to give some information’s about selling of products online by NGO’s. According to me It is great question “Can Ngo’s sell products online?” When question is great then answer is too great. The answer of this question is “Yes”. NGO’s can sell their products online or offline without any restriction. Amount earned through selling not counted business profit.  About 500 non-governmental organisations have decided to launch a website to showcase their products to tap new markets. “Most of NGOs make very interesting products, but often cannot sell them as there are no shops for them. The website will allow them to showcase their products. Startups are increasingly partnering with non-governmental organisations to market products and services offered by people from low-income groups, accessing the vast networks of NGOs and skilling marginalized youngsters in the process while taking their products such as handicrafts to international markets via online platforms.

Shop for a Cause,, Up-cycling Project and Green the Gap are among the startups that are working with NGOs for their social enterprises, creating a bridge between non-profit and for-profit enterprises.
Amazon, Flipkart, Snapdeal and Paytm also allowed to NGO’s for selling of products. The provisions of Service Tax, Income Tax and Vat are equal for NGO’s and other type of entities.
Tata TrustMoving from just aiding non-government organisations (NGO) to funding ‘socially relevant’ startups, Tata Trusts in association with Department of Science and Technology (DST) and Lockheed Martin would invest around $20 million over a period of 10 years in new companies.

The partners intend to invest $2 million annually through the India Innovation Growth Programme (IIGP) 2.0, including provisions for seed money, for the entrepreneurs to develop technology-based solutions for the betterment of the society.

According to officials at Tata Trusts, startups which help in providing solutions to issues such as waste water management, traffic management, might be even made part of the group and taken on an expansion route. The company hopes that such companies might also help it in its smart city play and help in future smart city projects. According to DST, the 500 startups aided in the first 10 years of the programme for a mere $10 million are now combined valued at over a billion dollars.

The programme to help startups under India Innovation Growth Programme 2.0 would be rolled out by Ratan N. Tata, Chairman, Tata Trusts, Ashutosh Sharma, secretary DST, and George Strandridge, vice president, business development, Lockheed Martin Aeronautics Company at Rashtrapati Bhavan on Friday.

Single page Income Tax Return form for income up to Rs 50 lakh

Image result for Income Tax ReturnTo encourage more individuals to file returns and widen the tax net, the government is set to introduce a single-page income tax (I-T) return form from April 1. This will be for those with annual salaried income up to Rs 50 lakh, much higher than Rs 5-lakh limit proposed in the Union Budget, told by Revenue Secretary Hasmukh Adhia.

He added this would only be for those with salaried and one house rent income.There are 290 million PAN card holders (the I-T dept identification) but only 60 minutes return filers. Currently, the I-T form is three pages. It was simplified two years ago, when a controversial provision for mandatory disclosure of foreign trips and dormant bank accounts was removed.

How to sell products online

Hello everyone,

Trust all of you doing amazing in your life. Today I, would like to share you something about online selling. Trust us it is awesome way to earn handsome amount of money every month. Details are:-

Image result for e-commerceOnline marketplaces offer a number of advantages for small retailers, including the ability to reach new and diverse customer bases. E-commerce in India is booming. According to a study conducted by Google India, there were 100 million online shoppers in India in 2016 and is expected to cross 500 million mark by end of year 2018. Broadband internet and explosive growth of mobile phones are fueling this growth further.

Companies like Flipkart, Snapdeal, Paytm have already crossed billion dollar valuation. If you have a product to sell, this is perhaps the best time to start selling it online. Here is an ultimate guide to teach you how to sell online in India.

Before You Start Selling Online, You Must Aware about Cost Structure involve in Selling Products. Details are :-

  1. Infrastructure cost
  2. Employee cost
  3. Product cost
  4. Packaging cost
  5. Maketplace cost (Selling Charges of Flipkart/Snapdeal/Amazon/Paytm & Other Websites)
  6. Courier cost
  7. Sales return cost

Now that you have a fair idea of different costs involved in selling online, you can do quick math to find out the profitability of your venture. Here is a simple formula :

Profit Margin= Selling price – (Product Cost + Packing & Shipping + Fixed Cost + Marketing Cost + Variable Costs)

If your profit margin is positive, you are good to go ahead and start selling online. If its very low or negative, you should think about minimizing the costs.

00Steps involve for selling products online through Flipkart, Snapdeal, Paytm, Amazon & Other Sites:-

  • Entity – Select your entity type to start any business in India. You have following options:-
  1. Sole Proprietorship – Where individual is owner (It will cost you Zero)
  2. Partnership Firm – Deed of Partnership governance entire structure as per Partnership Registration Act, 1932. (It will cost you Rs 5500 to 1oooo)
  3. LLP – Limited Liability Partnership. (It will cost you Rs 7500 – 10000)
  4. Company – Companies Act, 2013 deal with registration of different type of companies. As per your budget and business plans you can select. (It will cost you Rs 15000 – 25000)
  5. NGO – You can register NGO for selling products online but purpose of NGO for selling products must be social.  (It will cost you Rs 10000 – 30000) 
  • Pan – Permanent Account Number of Entity and Authorized Person is Mandatory to register with online selling sites) (It will cost you Rs 500)
  • VAT/ Service Tax Now GSTN – For selling products VAT/Service Tax or Now we can say GST Registration is must. (It will cost you Rs 5500 – 10000)
  • Bank Account – Open current account with entity name in any Bank and Scan Cancelled Cheque for uploading with e-commerce website for registration.
  • Active Email ID and Mobile Number – Always keep in mind purchase separate mobile number and create separate email ID for this business.
  • Address proof of authorized person – UID / Passport / Utility bill with your name.
  • Create your account with Flipkart/ Snapdeal / Amazon / Paytm and Other Websites.
  • Kindly use same Email ID, Mobile Number, Login ID and Password for all websites.
  • Fill the form, upload the requested documents and list your products with e-commerce website.
  • After approving, your dashboard is ready for analyzing daily sale and listing of other products.

Regards | Sukhwinder Singh | 9999939069