An inspirational story. Long back, when the inventor of the chess showed the game to an Indian king, the king was so impressed by the new game, that he wanted to reward the inventor. At that time, the inventor replied, “My wishes are simple. I only wish for one grain of rice for the first square of the chessboard, two grains for the second square, four grains for the third…
How we can apply for PAN card?
For Individuals & HUF Indian Citizens (including those located outside India) Proof of Identity Proof of Address Proof of date of birth (i) Copy of (i) Copy of Copy of the following documents if they bear the name, date, month and year of birth of the applicant, namely:- a. Aadhaar Card issued by the Unique Identification Authority of India; or a. Aadhaar Card issued by the Unique Identification Authority of India;…
How to invest in Stocks via Demat & Trading Account?
To Trade in Stock market in India a Demat account and Trading Account is compulsory; one cannot trade without a Trading and Demat account. To Open a Demat Account and Trading Account one has to submit a set of documents along with the account opening application form. To open an account you need 4 types of documents – Proof of identity – PAN Card Compulsory Proof of address Proof of income – Only required in…
Updating or Cancellation or Surrender of PAN
Can I have more than one PAN? No. Obtaining/possessing more than one PAN is against the law and may attract a penalty up to 10,000. Therefore, it is advisable not to obtain/possess more than one PAN. What should I do if I have more than one PAN? You may fill and submit PAN Change Request application form by mentioning the PAN which you are using currently on top of the form.…
How to invest in Mutual Funds?
Proper documents along with their photocopy needs to be verified and submitted in order to invest in mutual funds. Application form: You may need to fill in more than 1 application form to get a mutual fund. One would be to open a mutual fund account, another form would be required if you opt for a SIP plan within the fund, and if you are going for an electronic transfer…