Bank IFSC code finder

To get the IFSC code of banks please click:

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Income Tax rates

INCOME TAX CALCULATOR/SLABS


CALCULATOR


http://www.finance.pushpi.com/income-tax-calculator-2011-12.htm

SLAB

Income tax slab for AY 11-12
New Income Tax Slabs for ay 11-12 for Resident Senior Citizens (FY 2010-11)
S. No.	Income Range	Tax percentage
1	Up to Rs 2,40,000	No tax / exempt
2	2,40,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%
Income Tax Slabs for ay 11-12 for Resident Women (below 65 years) (FY 2010-11)
1	Up to Rs 1,90,000	No tax / exempt
2	1,90,001 to 5,00,000	10%
3	5,00,001 to 8,00,00	20%
4	Above 8,00,000	30%
New Income Tax Slabs for ay 11-12 Others & Men (FY 2010-11)
1	Up to Rs 1,60,000	No tax / exempt
2	1,60,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%

 IN ADDITION 2% Educess cess+1% Secondary and Higher education cess(SHEC)=3%Total

New Income tax slab for AY 12-13
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 60 years (FY 2011-12)
S. No.	Income Range	Tax percentage
1	Up to Rs 2,50,000	No tax / exempt
2	2,50,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%
New Income Tax Slabs for ay 12-13 for Resident Senior Citizens above 80 years (FY 2011-12)
S. No.	Income Range	Tax percentage
1	Up to Rs 5,00,000	No tax / exempt
2	5,00,001 to 8,00,000	20%
3	Above 8,00,000	30%
Income Tax Slabs for ay 12-13 for Resident Women (below 60 years) (FY 2011-12)
1	Up to Rs 1,90,000	No tax / exempt
2	1,90,001 to 5,00,000	10%
3	5,00,001 to 8,00,000
		No tax / exempt
2	1,80,001 to 5,00,000	10%
3	5,00,001 to 8,00,000	20%
4	Above 8,00,000	30%

Various forms

Forms


Sundaram  - http://www.sundarammutual.com/uploaddir/application_form_equity/application_form_equity.pdf
Birla Sunlife - http://mutualfund.birlasunlife.com/LinkClick.aspx?fileticket=%2bnrqVWTKu8E%3d&tabid=116

Relianace MF - http://www.reliancemutual.com/Downloads/Application-Forms.aspx

ICICI PRU MF - http://www.icicipruamc.com/Downloads/ApplicationForm.aspx#

DSP BLACK ROCK MF http://www.dspblackrock.com/downloads/downloads.asp#

IDFC MF   http://www.idfcmf.com/downloads/Kim/COMMON-KIM-FORM.pdf

UTI MF http://www.utimf.com/Funds/FundDocuments/UTI-Common-Equity-Form-1.pdf

HDFC MF http://www.hdfcfund.com/Downloads/ApplicationForm.aspx?ReportId=CF5CD6D4-A526-4503-B0C0-74D3EF9CA779#

F TEMPLETON MF http://www.franklintempletonindia.com/pdf/forms/Equity%20KIM_web_A4.pdf

TATA MF  http://www.tatamutualfund.com/

PRINCIPAL MF https://www.principalindia.com/General/MediaContactTest.aspx

Passport form: https://passport.gov.in/pms/OnlineRegistration.jsp

Good Restaurant around Camac Street

Formation of a company under companies Act ( as on March 2011)

How to form a company?

The whole process of formation of a company may be divided into four stages, namely:

(i) Promotion
(ii) Registration
(iii) Floatation/Raising of Capital
(iv) Commencement of Business.

(i)   Promotion

        Who is a Promoter?

 The term promoter is “a term not of law but of business”, usefully summing up, “a number of business operations familiar to the commercial world by which a company is brought into existence”. However, the persons assisting the promoters by acting in a professional capacity do not thereby   become promoters themselves . 

 Legal Position of a Promoter

    Promoter stands in a fiduciary position towards the company. In other words, he is not allowed to make

   secret profits .

 Pre-incorporation contracts are Void-ab-initio. However, pre-incorporation contracts shall be valid if:

The contract is made for the purpose of the company and the contract is warranted by the term of in

corporation. The company adopts the transactions after incorporation.

(ii)                        Registration/Incorporation

Private Company - Minimum Number of Members required – 2.

Public Company - Minimum Number of Members required – 7.

Steps

 1.   Application for availability of name: Three names in order of priority conforming to the provisions of the Act and the Guidelines issued by Department of Company Affairs in this regard:

   Name to end with the word(s) ‘Limited’ or ‘Private Limited’, as the case may be, except:

Section 25 Companies

Govt. Companies (need not use Pvt. Ltd.

Name should not be identical or too similar to the name of an already existing company.

Should not include the name of a registered trade mark.

2. Preparation of Memorandum and Articles of Association

Memorandum defines and limits the scope of activities of a company.

     Contents of Memorandum

Name clause

Registered office clause

Object clause

Liability clause

Capital clause

Subscription Clause

3. Preparation of other documents

Power of Attorney in favour of a professional to effect registration.

Consent of Directors (in case of a Public Company)

Particulars of Directors, Manager, Secretary, etc. in the prescribed form.

Notice of registered address - to be supplied within 30 days of incorporation.

      Statutory Declaration

To the effect that all requirements of law with respect to incorporation have been duly complied with. The declaration to be signed by:

Advocate of Supreme Court or High Court; OR

C.A../C.S. practising in India and associated with the formation of the company; OR

Director, Manager, Secretary of the company (as named in the Articles)

(ii)                        Floatation/Raising of Capital

         (iv)    Commencement of Business

A. Certificate of Incorporation :       Effect of Certificate of Incorporation (Section 34)

   On incorporation, the association of persons becomes a body corporate by the name contained  in  the memorandum, capable forthwith of exercising all the functions of an incorporated company and having perpetual succession and a common seal but with such liability on the part of the members to contribute to the assets of the company in the event of its being wound-up as is mentioned in the Act.

  B  Conclusiveness of Certificate of Incorporation is COC (Section 35)

Conclusive to the effect that all requirements of law relating to  registration & matters  precedent &  and incidental thereto have been duly complied with.

  

Trust vs will

15 FEB, 2011, ET 
Why HNIs choose a trust over a will


Increasingly, high net worth individuals (HNI) are going in for trusts as a means of succession planning as opposed to wills. A trust is a relationship whereby the property is managed by one person (or persons, or organisations) for the benefit of another. 

Say, Mr X has 100 acres of land which he wants to pass on to his sons. He would have two options to do so: one through a will and the other through a trust. To make a will, he would have to write how his property is to be divided among his sons or daughters on a piece of paper that is attested by two witnesses. Mr X also has the option of using a trust. 

In this method, he, as the owner of the land, can put his land into a trust, and appoint another person (who will be the trustee) to manage this land for his sons who would be the beneficiaries. He also has the option of appointing himself as the trustee. 

The idea of controlling the end use of your wealth even when you are no longer alive is gaining currency among individuals whose wealth runs into hundreds of crores. “Out of 10 clients who come to us for planning their estates, at least six want to go in for trusts,” says Sandeep Nerlekar, MD & CEO, Warmond Trustee & Executors. 

Earlier, people mainly opted for wills, but this is changing now. A number of factors are responsible for this change. “Earlier, there used to be the joint family system, where the head of the family would take care of all the matters. But with fragmentation of families into small nuclear families, uncertainties have increased. 

There may be a situation where the mother lives alone in India and her sons are abroad. If she were to die suddenly, then how would the property be divided? Given the change in the outlook of people, and increase in wealth, people are now increasingly opting for trusts,” adds Nerlekar. 

Why the rush for trusts? 

Usually, trusts work very well for people at the very high end. Says Altamount Capital Management director Richa Karpe, “It is an efficient tool for management of wealth for people who are promoters of businesses or have large family businesses.” 

Many legal experts are of the view that trusts save you from a host of problems that most HNIs are prone to. For instance, huge assets need protection. Asset protection is one of the key features that a trust offers. 

Says Rajesh Narain Gupta, managing partner, SN Gupta & Co, “HNIs go in for trusts not only to plan their succession but also for other reasons, the main being asset protection.” Trusts are a great way to ring-fence your assets. 

Points out Karpe, “Your company may get into trouble or there may be huge losses in your family business but the assets that you put into the trust will remain safe. That way at least that portion of your wealth is safe.” 
Another major hurdle that a trust would help you overcome is litigation. 

INVESTMENT QUERIES

INVESTMENT  - FOR STATEMENT

BIRLA SL .............................................66 212 000 / 1800-270-7000/1800-22-7000(MTNL/BSNL)

SBI MF ..............................................2288 2342 ( Somshukla), 9903 80 74 19

SUNDARAM .......................................2281 6707

RELAINCE MF ...............................2289 2930-2 /1800- 300-11111 (toll free)

BALIC ........................................9903 03 46 03 (ABHISHEK)

SBI LIFE ...........................................9831-57 08 01 (Tushar)

RR ............................................ 9339 23 49 00 (Rajen)

RR ........................................... 9432 30 92 48 (Saibal)

RR ...........................................9088 20 40 12 (DEBDUTTA)

RR ............................................ 2287 4828 / 2281 0733

KARVY 1800-425-8282

CAMS   1800-200-2267 (Toll Free anywhere in India) to access National Call Center for any Account related information or more complex calls. 

Call Centres work from 7am to 10pm Monday - Friday and 7am - 1pm Saturday.