How to Find Your income Tax officer & Ward Number

We need to file various letters or requests to our ITO for purposes like Refund request, Revalidation of Refund Cheque, Correction of  Details in The Cheque. Bu we do not know the exact details about where our file is registered.

The following link will provide you all the details about the concerned ward,Area Code, Assessing officer grade, Range etc. which is necessary for various request letters.

https://incometaxindiaefiling.gov.in/portal/common.do?screen=jurisdiction

How to track Your Investments

Are you always worried about the renewal date of FD or you are confused when you want to know about the current value of your Mutual fund holding or you always keep forgetting about your Insurance Policy number or Your FD/bank account Number.

Well this is a normal problem faced by all the investors, this in fact makes people forget about some of their holding for example deposit kept with the bank for Vault....

There is a very simple solution to all this Use a portfolio manager.I have searched Internet for this purpose & I feel the best portfolio manager is provided by Moneycontrol.com The link is given below.

http://www.moneycontrol.com/portfolio_plus/sso/portfolio_signup.php  

the best thing about this portfolio manager is it is free of cost & I think everyone should make use of this facility, it also secure because you need to log in for this purpose.I personally keep even the PF Account numbers etc in this account.....

So go ahead & create your portfolio & reduce your anxiety. it is free.............

Investing for Beginners

I will now explain how to start basic investing in Mutual Fund.

First you need to check if you have completed your KYC formality for Mutual Fund Investing refer to this link.

http://www.cvlindia.com/inquiry_kyc01.asp

Input your PAN in the field & Submit ,

If the status is Invalid then Download this form.  http://www.cvlindia.com/include/pdf/KYCIndividual.pdf  & fill up along with the next form

if the status is verified  you can download the ULTRA LIQUID MUTUAL FUND FORM From SBI   

The scheme That I invest is SBI SHDF-ULTRA SHORT TERM FUND. You only need to take the printout of Page number 31 & 32. (back to back printout)

While filling up the form when you come to column Number 8
Tick the options Dividend Reinvestment  & Frequency as Daily.

You can start with 11,000/- Rupees for this scheme. Once you get comfortable with the Return it is generating you should be putting in all the excess money which you are holding in Savings bank account(over the Minimum balance required) & invest here. the biggest benefit is you can withdraw the money in 2 working days without any issues but you still get around 8% returns.

You can submit this form in any SBI Mutual Fund Investment office find the nearest Location through this link.

http://www.sbimf.com/ContactUs/Investor_Service_Centers.aspx

Prepay Homeloans without penalty

RBI has officially banned the Prepayment Penalty as of 5th June 2012, so now it is a CRIME to charge Pre-payment penalty on Home Loans.  At last...........................

here is the notification number.

RBI/2011-12/589
DBOD. No. Dir. BC.107/13.03.00/2011-12