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Business Intelligence for Field Service Management Industry

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KloudGin is one of the most trusted names in the Field Service Industry. The platform is offering a variety of Software as Services for all types of businesses. No matter whether you own a small business or a big enterprise, there’s a suitable Field Service Management Software available from the platform. You can make use of the advanced technologies to run your Business more intelligently.

It’s a next-generation mobile ERP solution for the field workers and technicians who work in different locations through a Field Service enterprise. So if you own a field-oriented business, a reliable Field Service Management Software lets you provide a platform to handle a variety of tasks using innovative built-in tools available on the Software.

This intelligent software uses Cloud computing technology which stores all of your data over the cloud. All the useful data, documents, information about customers, tasks everything can be easily accessed by technicians who are on the field to finish the assigned work. They can complete their tasks under the given timeline which eventually improves the productivity of your company.

The software manages real-time routing, scheduling, a life cycle of the assets, future planning, managing the assets, dispatching, etc. This software can do most of the manual tasks of the organization. You don’t need to rely on the workforce as all the useful tasks of your company organized by the software automatically.

Additionally, the software collects all the requests from the customers who are looking for your services. The software collects the requests and sorts them out correctly. It also assigns the tasks to the technicians who are experts to finish them. This way, technicians with great experience can get more tasks, and they are capable enough to complete them with 100% satisfaction.

A Field Service Industry is highly depended upon the customers’ satisfaction. If your company is not providing 100% customer satisfaction, it will not see growth at any time. Moreover, the Software also manages the contracts, assets, services, shift sheet management, etc. for the workers. Pretty much all the administration’s tasks done by this software automatically. You can focus more on the productivity of your company instead of focusing on the other tasks.

KloudGin is offering cloud-based engine which is the world’s first platform to do so. The software is fully integrated into the cloud which stores your data in real-time. The data can be accessed by anyone from remote locations with proper access. It also keeps all the information of the customers such as their Email Address, Contact information, Residential Address, etc. The worker who is going to serve the customer can fetch the previous work history from the software.

Additionally, the software comes with numerous built-in tools and uses the most advanced technologies such as Artificial Intelligence, Augmented Reality, and Cloud computing. All these technologies help the organizations to do their tasks smartly.

With Predictive Maintenance, the software allows the organization to get all the required information about the assets and their maintenance. The software also lets you know the maintenance dates, overall costing of the software, etc. This helps the company to manage the assets properly. With pre-planning, you can save enough money for maintaining the machines, etc.

On the other hand, the software comes with easy integration with other third-party software and systems. The Cloud Computing technology connects easily with other third-party systems. This saves a lot of time of the admin and the field-workers while completing their assigned tasks.

The workers will become more intelligent by gaining knowledge of their tasks and tools. The software allows them to know about the latest tools which help them to finish their tasks intelligently. Day by day, the software gets updated with new technology, and features support the organization to grow and improve productivity. The Software comes with Industry-specific business functionality which is new for the organizations.

The Field Service Management Software lets you quickly and easily connect with the data stored over the cloud. The intelligent technology fetches the data and information from hybrid sources. All the complex issues of the organization can be done through this software in real-time. You can quickly fix all the tasks and issues related to customers and organization within the software.

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Filing ITR online? Here’s a Quick Step-by-step Guide

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filing itr online

Online ITR filing is easy if methodical. Just keep all your documents and rough work ready. This article provides contents of income tax guide for online filing of ITR returns. Individuals and entities can follow the stepwise instructions of the guide and complete the task of filing IT returns within a matter of minutes.

Income tax guide: Creating your income tax filing account

In the beginning, the income tax guide will tell you to create an account in the IT portal if you already don’t have one. This is easy, and the investors need not seek many directions from the income tax guide.

People who are absolutely new to online processes may need to follow the procedures step by step, but once they have followed the all the steps, they will not have trouble in filing their income tax online from next time.

For creating your own IT filing account, you need to log on at the official website of the income tax department of India. As soon as you log on to the portal on the right-hand side, you will be able to see directions for registering your account.

Income tax guide step one: The registration/login process on the IT portal

Once you click on the tab that says register yourself, you will be guided systematically towards completion. The income tax guide lays down the steps you need to follow to register yourself on the portal.

Selection of user type: an investor would first need to specify his/her type, whether individual, HUF, other than individual/HUF, external agency, chartered accountant, tax deductor /collector, third-party software utility developer.

After specifying the user type say ‘Individual’, you need to click on the continue tab and thereupon the registration form for the individual page will open up

Filling up the registration form: here you would need to provide details Pan, name (surname, middle name, first name), date of birth and residential status (resident/ non-resident)

Verification of registration: in this step of the income tax guide, the individual needs to verify his/her registration by the mentioned process. The individual would need to create an account id and password and save these for future log in

Completion of registration: in the last step of the registration process in the income tax guide, the individual’s registration will be complete, and registration completion notification will appear on the screen. After that individual can log on into his/her account any time for filing the income tax return.

Income tax guide step 2: Online preparation and submission of ITR

Step 2 of the income tax guide lays down the stepwise procedure of preparing and submitting the income tax return form. Here it should be noted that only ITR1 and ITR 4S can be filed online.

Once you are logged on to your own account, you will see the dashboard; there you can click on the option ‘Filing of income tax return’. If you want to view e returns filed earlier, then you can click on the tab ‘view returns/form’.

Follow the income tax guide stepwise process on the filing of the income tax return as mentioned below.

Once you click on the filing of income tax return, you would need to specify assessment year, ITR form name and submission mode.

The assessment year and financial year both start from April 1 and end on March 31. The assessment year is always one more than the financial year. For example, if you are filing the income tax return for the financial year 2017-18, the assessment year will be 2018-19.

Suppose you choose form ITR 1 then you would need to fill in all the columns. Some data will already be present. Tax filers need to provide PAN number, and essential personal details like Aadhaar and data is imported from these in the form.

The process is sequential, and income tax guide leads you through completion. If you require tax details to be filed then access form 26 AS by clicking on ‘my account’.

The next steps of the income tax guide will tell you to upload your digital signature if applicable. Before uploading your digital signature, please ensure that the digital signature has been registered with e filing. Complete all the filling work of the form.

Several times filing columns can pose a problem regarding what amount to fill. Refer to the income tax guide for filing the columns whenever in doubt.

In the final steps of the income tax guide, you will be asked to submit you’re filled in form by clicking the submit button. If you don’t want to complete the entire form filling process in one go, then you can always save your form and return to it later. You would also need to verify your income tax filing.

You can verify just after completion of filing, or you can also verify later. Once you have completed the last step of form filing as per the income tax guide of verifying your form filing you are through with the filing work, and you can click on the save option and save the form filed by you.

Income tax guide steps would caution you to check the figures the form returns you with your personal calculations before you choose to verify. After your form filling is verified making changes will be a tedious process.

So income tax guide advises you to fill correctly in the first go. If you are not sure regarding any data, then save your form, make sure and then fill later.

After completion of the verification process, email is sent by the income tax department which has a copy of the verified form attached. Save this form for future reference. You can also access past income tax filing from your account on the income tax portal.

If taxpayers sometimes would need to change data in verified forms of past years, then that is also possible. Follow the simple steps of the income tax guide and make online tax filing a simple task.

Income tax guide comprises several sections on how to fill certain columns. For example, if you are filling ITR 1 form, then you can refer income tax guide on how to file for tax exemptions and deductions under the various sections of the IT Act.

Income tax guide FAQs

Income tax guide dedicates a long section of FAQS as tax filing can be confusing for taxpayers who are filing their income tax returns on their own for the first time. Income tax guide is a do it yourself step by step procedure for individuals who want to file their own income tax returns.

Income tax guide FAQ 1: What is income tax return and who should file an income tax return?

An income tax return is income and tax details paid by any entity. All entities with taxable income need to file an income tax return.

Income tax guide FAQ2: What is ITR 1 and who should file ITR1

ITR 1 is income tax return form 1. ITR 1 is meant for individuals who have salaried incomes. Salaried individuals should save all documents related to TDS payments, medical insurance premium and bill payment and payments made for investment in tax benefit schemes. ITR 1 form is also called Sahaj form which in English means easy or simple.

Income tax guide FAQ 3: What is form 26 AS?

The form 26 AS is a consolidated form of all tax deducted by various entities at the source. Several taxes are deducted at source by deductors who can be banks, employers, tenant. Form 26 AS is a consolidated statement of all deducted taxes and is issued under section 203AA of the income tax act, 1961.

Individual taxpayers can access Form 26 by logging on to their accounts in the IT department portal and clicking on my account tab. Form 26 AS provides comprehensive data at one place on how much tax has been deducted and by whom. It saves the tax filer a lot of compilation work.

The individual taxpayer can fill in most cells of the ITR 1 form with the help of data provided in Form 26 AS.

Income tax guide FAQ 4: what is form 16 and who issue it?

Form 16 needs to be issued by all entities who deduct tax at source. The entity can be a bank or employer. For example in the case of salaried individuals, the employer may deduct tax at source from the individual’s income.

For individuals who have fixed deposit accounts, a certain percentage of interest income may be deducted by banks. Banks also issue form 16 to account holder for tax deducted at source.

Form 16 has two parts, part A and part B. IT is mandatory for all deductors to issue form 16 to individuals or entities from whom tax has been deducted at source.

Income tax guide FAQ 5: What tax deductions and exemptions can individual taxpayers claim?

The income tax act 1961 sections have provisions for tax deductions and incomes applicable for individual taxpayers. Sections 80C to 80 U lay down several provisions related to tax deductions and tax exemptions. Individual taxpayers are eligible for several deductions and exemptions on tax, the major tax benefits include:

  • Deduction on HRA/rent paid
  • Deduction on health insurance premium (section 80 D)
  • Deduction on listed investment schemes (section 80 C and 10 D)
  • Deduction on PF investment and life insurance premium (section 80 C)
  • Deduction on LTA

Income tax guide FAQ 6: What are the other sources of income?

Besides income from salary, an individual taxpayer may have several other sources of income. While filing income tax returns, individuals must furnish details of income from all sources. The several sources of income include:

  • Income from salary
  • Income from fixed deposits
  • Saving deposit interest
  • Income from investment schemes
  • Income from property
  • Income from self-occupation

Income tax guide FAQ 7: What is tax exemption, tax deduction, tax rebate

These are all the tax benefits applicable to various conditions. Tax exempted items are items that generate income, but the income is not taxed. Tax exempted income items include investment in ELSS, PPF, girl child scheme, pension funds, and several more items. Tax deductible items are essentially invested amounts in listed schemes.

The invested amount for the whole year can be deducted from the taxable income base. Reduction of taxable income base reduces the tax. Tax rebates are applicable to specific conditions like for income under Rs 5 lakh; the rebate is up to Rs 5000.

Income tax guide FAQ 8: What is the taxable income base?

Tax is deducted on the total income and not only from the salary income. Taxable income is the total of all income less the deductions.

The slab rates are different for different income slabs. If income is less than Rs 2.5 lakhs per year, then no tax is levied on the income. The limit is more for senior citizens and super senior citizens.

Income tax guide FAQ 9: What is the main advantage of ITR 1?

The main advantage of ITR -1 is that the tax filer is automatically supplied with several data that is used for income tax calculation. The software fetches these data from the Pan linkages and forms 26 AS.

However, income tax guide advice individuals to always cross-check data with their own compiled documents and tax sheet.

Income tax guide FAQ 10: What is income tax refund?

Individuals pay several taxes all through the year. These are mainly the tax deducted at source. If in ITR 1 the total tax already paid is more than what is applicable under the income tax slab then the ITR 1 form will show refund amount.

If on the other hand, the income tax payment required under the specific income slab is more than what has been already paid, then individual will have to pay the difference amount.

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Key Responsibilities Of Sub Brokers

Satendra Kashyap

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Sub Brokers

Sub Brokers are intermediaries in the capital market. They operate in the secondary markets as agents of Trading Members, and facilitate the buying and selling of securities for clients. Sub brokers have to be registered with SEBI (Securities and Exchange Board of India). As agents, these individuals hold a position of trust both for brokers (Trading Members) as well as for clients who invest in the stock market. The role of a sub broker holds immense importance to ensure fair trading and transactions.

Recently, SEBI came up with a regulation to shift sub brokers as intermediaries to the Authorised Person (AP) or Trading Member category. They would have to register with the stock exchanges henceforth and not with SEBI. This move is likely to improve trading processes and reduce regulatory hassle for SEBI.

To become a Sub brokers in India, one have the following important responsibilities in their domain:

  1. To abide by the rules and regulations as directed by SEBI or any other authorities as notified.
  2. To assist the broker/ Trading Member in all their client interaction and dealing.
  3. To keep a thorough record of all the details that the clients provide such as- personal details, financial information, investment portfolio, goals of investment etc.
  4. To maintain confidentiality with respect to any information provided by the client in the course of dealing with the broker or sub broker.
  5. To refrain from disclosing any material information of the client to external parties, without the express permission obtained from the client.
  6. To maintain KYC (Know Your Customer) files in proper order.
  7. To execute buy or sell orders of the client on a timely basis and prevent delays to ensure client satisfaction.
  8. To assist the broker in Internet-based trading and maintain confidentiality in terms of trades executed in each client’s portfolio.

Sub brokers are entrusted with the important responsibility of conducting trades with due diligence and on client and broker instructions. They have the key role of assisting the Trading Members and ensuring a smooth flow of trading on behalf of clients. Being ethical is also one of the most significant responsibilities in the sub broking profession.

This is because a conflict of interest may arise in the course of trade execution. A sub broker derives his earnings from the fees, salary and commission payable on each trade. Now, it is in the interest of a sub broker to execute as many trades as possible in a client’s portfolio – to earn a higher commission. However, this may not be ethical as client investment needs are foremost before making trade calls.

The sub broker enjoys the following rights:

  1. To be thoroughly satisfied with the financial soundness of the client before taking up the responsibility of trades executed on their behalf.
  2. To demand relevant information from the client in the ‘Account Opening Form’; such as personal details, financial information, investment objective and KYC details.
  3. To liquidate or close the client’s position in case he/ she defaults in margin payments or any other dues on time.
  4. To close the client’s position in case of his/ her death and to claim against their legal estate for any outstanding dues.
  5. To keep the stock exchanges informed of any material information related to the client’s dealings. This could include defaults in payment, overdues, margin payment delay etc.
  6. To approach the authorised arbitration authorities in case of any disputes with the client for settlement.

The secondary market has been revolutionised with the advent of computerisation, Internet-based trading (IBT), dematerialisation and algorithmic trading. Buying and selling of shares have moved to the virtual space from the olden days of holding physical certificates. This shift has improved flexibility and made trading a more inclusive affair. Individuals can now hold shares based on their investment objectives and investible fund availability.

In this dynamic trading environment, brokers and sub brokers have key responsibilities to maintain fair and ethical trades on behalf of clients. They are under the regulatory purview of SEBI. Recently sub brokers were regulated to move to the AP model. As Authorised Persons, sub brokers would now be accountable to the stock exchanges. They do not need to register separately to trade in the Cash and Derivatives segments. A single registration is enough.

Sub brokers deal with the key responsibility of assisting Trading members (brokers) in the planning and execution of trades on the market, in line with client requirement and expectations. Sub brokers deal on a commission basis; hence it is vital for them to also be ethical in conducting trading activity. Buying and selling of shares must be done only on the client’s permission. Conducting fair trade, earning the trust of the client and performing due diligence are the key responsibilities of a sub broking professional. Confidentiality is of prime importance as trading deals with financial information and investments of individual or corporate clients. To know more about how to become stock brokers in India, click here.

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Best Drill Press for Woodworking For 2018

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Best Drill Press for Woodworking

Get ready to learn about the high quality and best drill press for woodworking for 2018 tasks! In order to make your drilling tasks easy much, it is important enough to choose the premium quality of the drill press for yourself. Scroll down and check out the few best options we highlighted up for you!

WEN 4205 8-Inch Drill Press with Laser

This woodworking drill press has been featured upon with the ½-inch keyed chuck that gives you out with the super precise. It will bring up close drilling experience for the task performance.

You can easily fit so many different keys in it. The spindle can travel to around 2 inches deep into the wood. It is much composed to be readable from a normal height. It also has the little motor that runs on 120v of power.

It is much durable.  It also has the entry-level drill press. Its major drawback is that you have to recalibrate the laser alignment manually.

SKIL 3320-01 3.2 Amp 10-Inch Drill Press

This amazing SKIL 3320-01 has been set with the 3.2 Amp 10-inch drill press. It has the composition of the ½-inch keyed chuck that makes way for the purpose of a wide range of tasks.

It also has the motor that best provides an amazing torque. This will help you to drill all the way through the wooden based items. Its RPM will be best to jump up as from 750 to 3050 in just as few seconds.

It has been set on top of 5 different speed levels to work with.  It will grant the superb and yet the accurate drilling abilities. It also uses up AA batteries that die much quicker.

Shop Fox W1668 ¾-HP 13-Inch Bench

This is another one of the premium-style bench top drill press for woodworking tasks. It is all set with a ¾-HP motor. It is best in order to drill through the soft as well as hardwood too.

It is arranged with almost twelve changeable speed levels. Plus its motor speed can range from 250 – 3050 RPM. It is high in market price that is one of its main drawbacks.

Craftsman 10-Inch Benchtop Drill Press

On the next, we have the name of amazing Craftsman 10-inch Benchtop Drill Press! It will make your feature with 6Amp motor power. Its chuck size is around ½”. It also has the 10-inch drill press has 5 different levels of speed.

Its lowest speed range of 620 RPM and the highest is 3100 RPM. It can comfortably drill with all materials.  It also has the cast iron table that best provides you fences that make on in adjusting the drill press easy.

So this is all we have ended with some of the interesting and top best drill press for woodworking products in 2018 to choose the best one out!

Pick those that are according to your budget requirements and make your working task easy much as well!

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