If you are going to start investing in the stock market, then the first step in your investment and trading is to open a demat account. In this, all your securities (stocks, bonds, mutual funds, etc.) are kept in a single integrated electronic format. It is very important for a new investor to understand the necessary conditions and eligibility criteria for a demat account. Opening a demat account has its own terms and conditions.

Who is eligible to open a Demat account

According to Groww, individual retail investors aged 18 years or above can open this account. Minors with PAN card can also open a demat account under the supervision of a guardian. Apart from this, Non-Resident Indians (NRIs), (HUF), Partnership Firms, Limited Liability Partnerships (LLP), Public Limited Companies, Private Limited Companies, Trusts, Societies can open demat accounts.

Which documents will be required

PAN Card (Mandatory)

For NRIs, Portfolio Investment Scheme (PIS) permission letter from Reserve Bank of India is required, and the demat account must be linked to an NRE/NRO bank account.
For companies, Certificate of Incorporation, Memorandum of Association (MOA), and Articles of Association (AOA) are required.

• Voter ID
• Driving License
• Passport
• Aadhar Card
• Any valid identity card issued by the Central or State Government
• Voter ID Card
• Driving License
• Aadhar Card
• Passport
• Ration Card
• Bank Account Statement or Passbook
• Utility Bill (Electricity, Water, Gas or Telephone)
• Last 6 months bank account statement
• Current salary slip/Form 16
• Copy of ITR receipt
• Demat holdings details
• Net-worth certificate
• Cancelled cheque or bank passbook for bank account proof.

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If you want to file the return yourself, you can do so. This entire process is online. If you are filing income tax return for the first time, then it is important to keep some important things in mind. Before filing the return, every taxpayer should keep some important documents with him. With this you will not face any problem in filing the return.

1. Form-16 is necessary

Form-16 is very important for filing income tax return. Form-16 is issued to every employed person by his company i.e. employer. Form-16 is issued by the employer. Through this, filing of income tax return becomes easy. Form-16 contains information about the taxpayer’s gross income as well as net income and TDS deducted from the income.

2. Home loan statement

If you have taken a home loan from a bank or NBFC, then do not forget to take the loan statement for the last financial year from the bank. This will tell you how much interest you have paid on the loan. You can also claim tax exemption on the interest paid on the home loan under section 24 of Income Tax.

Also Read: EPFO changed the rules regarding pension, PF and insurance scheme. Details here

3. Proof of investment

If you have invested under Income Tax Section 80C, 80CCC and 80CCD for tax saving, then you can claim tax exemption with the proof of investment. This works as a proof to claim the exemption.

4. Capital gains documents are also important

If you have earned money by investing in mutual funds, stock market or property, then it is called capital gain. While filing ITR, it is also necessary to give information about the income earned through capital gain.

5. Aadhar card and PAN card are necessary

While filing income tax return, it is necessary to provide details of Aadhaar and PAN. In such a situation, you must keep both these documents with you before filing the return. Along with this, if you have more than one bank account, then it is also necessary to provide their information.

6. Salary slip is also important

While filing income tax return, the taxpayer must also have his salary slip. The salary slip contains the information about the person’s annual income, DA, house rate etc.

The post ITR Filing: You can file income tax return till July 31, 2024 without penalty, these documents are required first appeared on Rightsofemployees.com.

However, no document is required for mobile number, email Id, gender, photograph, or other biometric updates.

The post What documents are required for Online Address Update? first appeared on Rightsofemployees.com.

Which documents are required? (Sahara Refund Portal Link And Documents)

1- Membership Number
2- Deposit account number
3- Mobile number linked with Aadhaar (Mandatory)
4- Certificate of Deposit / Passbook
5- PAN Card – If the claim amount is more than Rs.50,000.

Sahara Refund Portal Step By Step process

Investors have to keep in mind that the mobile number registered with Aadhaar should be active. If you have changed the number linked to Aadhaar, then link the new number with Aadhaar. Also, your bank account should be linked with Aadhaar number. Cooperation Minister Amit Shah said that with the help of these documents, any investor will be able to get the refund back by uploading his receipt on the portal. Tell me, a form has been given on the portal, after downloading it, investors will have to upload it again on the portal with their signature giving complete information.

Money will be returned in 45 days

The Union Minister said that this money will be returned in 45 days after the investors apply. The Cooperative Minister said that in the first phase money is being returned to those people whose investment amount is Rs 10,000. Also, up to Rs 10,000 are being returned from the total investment amount of big investors. He told that after the return of Rs 5000 crore, we will take the help of the Supreme Court to return the money to the people.

The post Sahara investors’ money will be returned in 45 days, know which documents will be needed first appeared on Rightsofemployees.com.

Just like this, there is another such document, even in the absence of which many works can get stuck. Actually, this document is your income certificate. If you have to give proof of your income somewhere, then this document is especially needed there. But perhaps you would not know that if there is no income certificate then what other works can get stuck. So let’s know about it without delay.

• Aadhar card
• Voter ID Card
• PAN card
• proof of address
• electricity bill
• water bill
• driving license
• School Leaving Certificate etc.

• If you are taking a loan and do not have an income certificate, then you may face problems in getting the loan. For example, if you are taking an education loan or a home loan, then you may need this document.

• If you want to get scholarship for higher education, you may need income certificate while applying. Therefore, if you are going to do this work, then definitely get this document made.

• If you want to get a ration card, then you may need an income certificate at the time of applying for it or at the time of updating the ration card many times in between. Apart from this, this document is also required to take advantage of the Pradhan Mantri Awas Yojana.

The post Income Certificate: Know here why income certificate is necessary, this work can get stuck if not there first appeared on Rightsofemployees.com.