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How ICICI Bank Customer can download Form 16A Online?

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August 27, 2020

How ICICI Bank Customer can download Form 16A Online?

Download Form 16AForm 16A is an important document for ITR filing. Form 16A contains details about TDS deducted on the interest paid on fixed deposit, recurring deposit, and bank account. Form 16A is also known as TDS certificate. Form 16A is different than Form 16. Form 16 is applicable for only salary income. TDS deducted on salary income is defined in Form 16. On the other hand, TDS applicable on income other than salary income is defined in Form 16A.

It is necessary to check Form 16A before filing an income tax return. ICICI bank provides an online facility to download Form 16A online. This means you need not visit the branch for getting Form 16A. Here is a step by step method to download Form 16A and interest certificate from ICICI Bank website.

How to download Form 16A from ICICI website?

#1 Visit icicibank.com and login to your bank account using internet banking user ID and password.

#2 After login click on Payment & Transfer section and visit “Tax Centre” menu.

#3 You will be taken to a new page named as Tax Centre where you will find various options on the screen.

#4 The second option is TDS Certificate where you will find – View/Download your Form 16A. Click on the View button.

#5 On the next page you will be able to see drop down to select Assessment Year and Period. You need to select assessment year and period. You will be able to select and download the last 5 years TDS certificate. The period would be Q1, Q2, Q3, Q4 etc. If the tax is deducted in all the quarters then you have to select quarter one by one and repeat the steps.

Also Read – File Form 15G and Form 15H Online and Save TDS

#6 Now click on “Generate PDF”. You will be able to download the tax statement on your system. If tax is not deducted for the said period the message will be displayed – “There is no TDS data found for requested PAN for given Assessment year and Quarter.

How to download Interest certificate from ICICI website?

#1 Visit icicibank.com and login to your bank account using internet banking user ID and password.

#2 From the top navigation menu click on Payment & Transfer Tab and visit “Tax Centre” menu.

#3 On the new page you will be able to see various Tax and Account statements. Go to “Interest Certificate” section and click on the download button.

#4 You will be asked to select an account number. From drop-down select the account number.

There are two options for downloading an interest certificate. You can either select an Interest period or Interest period date option. If you want to download an interest certificate for a Financial year i.e April 1 to March 31, select the Interest period option. If you want to download an interest certificate for calendar year i.e from January 1 to December 31, please use the Interest period date option.

#5 After making appropriate selection click on the download option. Your interest certificate will be downloaded and saved in your desktop/laptop in the PDF format.

In addition to downloading TDS certificate and Interest certificate, you will be able to view your Form 26 AS, eTax Challans, Form 15G/15H at Tax Centre. You will also able to pay your direct and indirect taxes from Tax Centre.

Over to you

Whenever you are filing your Income tax returns with income tax department you have to declare income from other sources apart from salary. This include interest income earned from fixed deposit as well as saving bank interest. You will find this information in Form 16A and interest certificate.

I hope now you have got a complete idea about How to download Form 16A from ICICI bank website?

Please post your query in the comment section.

Bitcoin Investment – How to buy Bitcoins in India?

Cryptocurrency

Shitanshu Kapadia

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August 24, 2020

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Bitcoin Investment – Bitcoin is cryptocurrency. Bitcoin has started gaining popularity in the year 2016. In five years, bitcoin has become the costliest currency across the world. As Bitcoin trading has become legal in India, many people India are searching for legitimate ways to invest in bitcoin. In this post, I will share useful insights about Bitcoin. I will also share various methods to invest in Bitcoin.

What is Bitcoin?

Bitcoin is a digital currency invented in 2008. It is a decentralized currency not administered by the central bank. Bitcoin can be sent from one user to another user. The transactions of Bitcoins are recorded in the ledger called as blockchain. Bitcoins are created by the process called mining. Bitcoins are exchanged over bitcoin exchanges and stored in the Bitcoin Wallets.

Bitcoin Investment – Why one should Invest in Bitcoin?

The reasons why you should invest in the bitcoin are given below.

It is a digital currency that can be stored in the Bitcoin Wallets. It is secured and stored using encryption methodology.
Bitcoin payments are accepted on many online portals. You can use bitcoin for spending money online.
Bitcoin investment can be done with a small amount of Rs.500.
The return of investment in bitcoin is very high. The cost of one bitcoin before 5 years was in thousands and today it is available by spending lakhs of rupees.
You can easily beat inflation by investing in bitcoin.

How to buy Bitcoins in India?

Looking at the growing rate of bitcoin, you must be excited to purchase bitcoin. Here is a method to purchase bitcoin in India.

You can buy Bitcoins in India using trusted apps. The first step before starting an investment in bitcoin is KYC verification. To complete KYC, you need to submit your PAN card, valid address proof, and bank account details. The verification of KYC usually takes 2-3 days. The KYC details are asked by bitcoin exchanges whenever you register at the online site for buying a bitcoin.

There are two methods to invest in Bitcoin.

#1 Using Cryptocurrency Exchange

You can invest in Bitcoin using a cryptocurrency exchange. The cryptocurrency exchange is a place where buying and selling of cryptocurrency take place. It is like a stock exchange. On cryptocurrency exchange, all types of cryptocurrencies are exchanged such as bitcoin, ethereum, ripple, etc.

You need to register at cryptocurrency exchange and open an account to start trading in cryptocurrency. You need to transfer money into the account and start buying bitcoins. The transaction fee is applicable to buy sell of cryptocurrency via exchange.

#2 Using Peer 2 Peer Platform

Peer 2 Peer Platform is another method to buy/invest in the bitcoin. In Peer 2 Peer platform you are directly dealing with a person instead of an exchange. This means you need not to pay any transaction fees for using Peer 2 Peer Platform.

The peer 2 peer transaction takes place on the platform. The platform act as an interface for buying or selling cryptocurrency. However, few platforms charge nominal fees for usage of the platform it is generally 1% of the transaction amount. You need to verify the charges before starting the use of the Peer 2 Peer Platform.

You can also earn bitcoin by doing the mining.

Also Read – 10 Best Bitcoin Wallet (Crypto Wallet) in India – Review

How to select Bitcoin Exchange for Investment in Bitcoin?

#1 Easy to Use

The bitcoin exchange used for the transaction should be easy to use, fast and reliable. It should be accessible across devices like smartphones, desktop, laptop, etc. One should be able to trade anytime anywhere. The exchange should support net banking, mobile wallet, UPI support for the deposit, and withdrawal of money.

#2 Cryptocurrency Support

The cryptocurrency should support different trading pairs. If you are planning to trade in different currency pair it will help you. The example of a currency pair is bitcoin – INR pair, bitcoin – ethereum, bitcoin – ripple etc.

#3 Transaction Fee

You need to pay transaction fees as and when you buy or sell cryptocurrency on the exchange. You need to select a platform that offers currency exchange at a reasonable rate. The fee depends upon transaction volume. The fee is in the range of 0-1%.

#4 Security

As the currency is stored in the digital format it must be stored in a secure way. The exchange should use the highest encryption standards and latest technology like firewall, Anti APT appliance, two-factor authentication to protect the cryptocurrency. This is to prevent hacking, virus attack, and theft.

You should select a secured exchange for performing a transaction.

#5 Legality

You should check the legal aspect of the currency exchange. The exchange should be registered and legal. You can refer to website bitcoin.org to find out the registration detail of the bitcoin exchange.

FAQ About Bitcoin Investment

Are returns from Bitcoin Taxable?

Yes! the returns (money earned) via investment from bitcoin are taxable in India. This means you need to make tax payments on money earned via bitcoin. You will be taxed 30% for short -term investment and 20% for long term (3 years) and above.

Which are other cryptocurrencies available in India?

There are multiple cryptocurrencies available in India. Few examples are given below.

Bitcoin
Ethereum
ripple
Litecoin

Can I make money via Bitcoin?

Yes! you can make money via Bitcoin. However, it is a risky investment. Bitcoin is a decentralized and virtual currency. Bitcoin rate is growing, but there is no guarantee that bitcoin will continue to grow in the future. You should evaluate your risk-taking capacity before investing in bitcoin.

Over to you

Bitcoin is a digital asset and you can make a lot of money using bitcoin. However, before investing your money in bitcoin you should consider the risk associated.

Do you invest your money in Bitcoin?

Business Management Tips from Lord Ganesha

Information

Shitanshu Kapadia

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August 22, 2020

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Business Management Tips from Lord Ganesha

Lord Ganesha is the elephant-headed god as per Hindu Mythology. Lord Ganesha is also known as Vinayaka, Vidhnaharta & Mangalmurti. Ganesha is also considered as a remover of all obstacles. God Ganesha is first worshipped God. We can learn a lot of things from Ganesha in professional and personal life.

Lord Ganesha has the unique physique. Each and every body part of Lord Ganesha’s is different. Each organ of their body is very curious. Such as the elephant’s head and trunk, big ears, small eyes, big stomach etc. Even though the form of Shree Ganesha looks diffrent, but in Shree Ganeshaji’s all these organs, there is a special formula attached to business management, and it is necessary to understand it. By trying these formulas of business management connected with Shree Ganesha, you can touch new heights in your business.

Business Management Tips from Lord Ganesha

Shree Ganesha’s Big Head:

Shree Ganesha’s big head teaches that business should always go ahead with big ideas and keep pace with business. We must have a solid plan to pursue our business. Our goal should always be bigger. If our target is bigger and there is a solid plan, then there will be a success in taking a business to new heights.

Shree Ganesha’s Big Ears:

A special formula is hidden in Ganesha’s big ears. Large ears teach that you should always be wary when doing business. We should be aware of every small and big event happening in the field of business. Our information system should be so strong that we should get information about everything influencing our business so that we can make our own strategy on time.

Also Read – Leadership Lessons from Lord Ram and Krishna

Shree Ganesha’s Small Eyes:

Shree Ganesha’s small eyes state that business should always go ahead and decide on its own goal. If we are going to start a new business, then our focus should on the target. All with small eyes are very bright and their focus is completely on the target.

Shree Ganesha’s Ekdant:

Lord Shree Ganesh Ji is also called Ekdant because he has only one tooth. One of Ganesha’s teeth tells us that when we start a new business, there should be complete information about it, only then success in business is possible. A broken tooth is a symbol of the resource, that is, even if the resource is low, it can be obtained later, but the complete business information is required.

Shree Ganesha’s Trunk:

Lord Ganesha’s trunk is a special form of business management. As the elephant’s trunk is long, our business contact should be broad and expansive. The clasp of the trunk also has a strong hold, meaning that our grip on the business and the staff should be strong so that in any situation we will not be able to avoid the rivals.

Ganesha’s Vehicle Mice

Rat activity is carving. So it’s a symbol of a bad (bad idea). Shree Ganesha is the god of growth. To increase your business, you should always keep positive thoughts and control the negative thoughts.

Better late than never. So, Let’s take a pledge together on this Ganeshotsav to follow the tips associated with Shree Ganesha’s form for a startup as well as enhancing the existing business.

Happy Ganesh Chaturthi!

10 Best Management Books

Skills & Productivity

Shitanshu Kapadia

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August 18, 2020

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Best Management Books – Leadership and management skills are important when you want to start and run any business. Additionally, if you want to become an effective manager you have to develop managerial skills. You can learn management skills by classroom training or on-the-job training. However, reading books is one of the best ways to learn leadership and management skills.

If you are eager to learn management skills, here is a list of 10 Best Management Books. I am sure that reading these books will help you in achieving expertise in management and leadership skills.

10 Best Management Books

#1 Corporate Chanakya

Author – Radhakrishnan Pillai

Corporate Chanakya is one of my favorite books on management. This book describes the ideas of Chanakya for leadership, management, and training. Chanakya was a multi-fold personality who was a master in identifying leaders and grooming them. The book contains vital information compiled from Kautilya’s Arthshastra along with practical examples.

The book is divided in three sections leadership, management, and training. The subsection of book includes topic such as organizing and conducting effective meetings, dealing with tricky situations, decision-making, the powers of a leader, etc. This book brings back ancient Indian management wisdom in a modern format.

Also Read – 10 Best Business Books for 2020

#2 How to Win Friends and Influence People

Author – Dale Carnegie

How to Win Friends and Influence People is a self-help book. It is one of the best-selling books all over. This book will help you to lead towards success. This book is divided in four sections. (1) Fundamental Techniques in Handling People (2) Six Ways to Make people like you (3) How to win people To Your Way of Thinking (4) Be a Leader – How to change people.

From a management perspective, this book is like gold. There are many useful examples and principles in this book that can be learned and applied at your workplace as well as personal life.

#3 The 7 Habits of Highly Effective People

Author – Stephen R Covey

The 7 Habits of Highly Effective People is a best-seller self-help book. As the name suggests, this book talks about the Habits of highly effective people. This book explains how these habits make a person more effective personally and professionally. The book also explains how assumptions and perceptions hinder success in business and personal relationships.

The 7 Habits defined in this book are – Be proactive, Begin with the end in mind, First thing first, Think win-win, Seek first to understand, then to be understood, Synergize, and Sharpen the saw.

#4 The one-minute manager

Author – Ken Blanchard and Spencer Johnson

The One Minute Manager is a short book on management. This book talks about three techniques of an effective manager: one-minute goals, One-minute praising, and one-minute reprimands. The book is about personal development. However, it is a very basic book. If you are a beginner you should read The one-minute manager.

#5 The great game of business

Author – Jack Stack Bo Burlingham

The Great Game of Business is a very old book. This book talks about how business works. It is a highly recommended book for the CEO or senior executive of the company. This book will surely help you in increasing your business acumen.

#6 Emotional Intelligence

Author – Daniel Goleman

Emotional Intelligence is a different type of book. In this book, the author gives the perspective that the emotional quotient is more important compared to the Intelligence quotient. The people with EQ is likely to have better leadership skills, mental health, and job performance. EQ can be taught. EQ is not really intelligence but it is one type of behavioral trait. This book was a bestseller in the New York Times.

#7 The Six Sigma Way

Author – Peter Pande

The Six Sigma Way is a book that helps you to implement Six Sigma in your organization. Six Sigma is a set of techniques and tools that help organizations to reduce risk and enhance operational excellence. This book gives practical examples. It also provides a checklist for the entire process of Six Sigma. If you want to maximize the impact of your change and improvement efforts, you should read this book.

#8 Who Moved My Cheese?

Author – Dr. Spencer Johnson

Who Moved My Cheese? is a motivational book for business. This book helps you to deal with change in your work and your life. If you want to move out of your comfort zone this book is for you. The book shares the story of four characters who live in a maze and look for cheese.

#9 Decisive – How to make better choices in life and work

Author – Chip Heath & Dan Heath

Decisive – How to make better choices in life and work is one of the best books that helps you to make better choices in life and work. The book talks about how to overcome natural biases and irrational thinking to make better decisions. After reading this book you will be confident in making any decision in life.

#10 Scaling up excellence – Getting more without settling for less

Author – Robert I. Sutton & Huggy Rao

Scaling up Excellence is the book for achieving higher levels and excellence. This book shares stories from successful leaders and organizations. The book is full of rich examples, powerful studies, and actionable insights for anyone who wants to create an effective organization.