What’s the advantage of filing a tax return and why is it important? - Alankit tax news

 

The latest UAE VAT laws mandate applicants to duly fill an official tax document known as the VAT returns. It is a document to be filled as per the guidelines given by FTA, and is to be submitted to the Federal Tax Authority before the decided due date.

If a person falls under the category of a ‘taxable person’, as defined in the guidelines, the person may either carry out VAT return filing themself or he/she has the option of authorizing tax agents or legal representatives to file income tax returns. 

First and foremost comes understanding the meaning of income tax return:

A VAT return simply shows the output tax due and input tax recoverable. It also includes any additional information required as per the FTA rules.

Why is income tax return filing important?
There are many benefits of filing income tax returns. NRIs ought to file their ITR if they:

●     Want to claim a refund

●     Have a loss they want to carry forward

●     Want to submit any authority/financial institution

●     To avoid any penalty from the income tax department 

The traditional or offline process of Income Tax Return (ITR) filing is tedious and time-consuming for most businesses. Associated with long queues, cumbersome processes, and complicated paperwork, filing ITR seems like a humongous task.

But with market-leading companies like Alankit offering secured, hassle-free and easier online ITR filing services, it seems a cakewalk. Only a few authorized digital companies can file your Income Tax Returns online.

Head straight to Alankit to file your income tax returns and for other business-specific needs now!

Alankit Ltd ties up with UTI for PAN Card Services - Alankit Company News

Alankit Ltd, a market leader and eminent name in the e-governance and digital solutions industry announced their collaboration with UTI Infrastructure Technology And Services Limited, a Government Financial Services Provider Company. Alankit can now provide all the PAN card services to the citizens digitally PAN India at all its facilitation centers.

UTI Infrastructure Technology And Services Limited (UTIITSL) is a Government entity and Financial Service Providers in India, as a SEBI registered Permanent Category-1 Registrar to an Issue and Share Transfer Agent, offering R&T services to the investors of Mutual Fund AMCs, Bond/Deposit/shareholders of Corporate and Financial Institutions.

With this strategic agreement, Alankit ltd will offer hassle-free and seamless PAN Card services that include New PAN Card application, PAN Correction, Duplicate PAN, PAN card of NRIs, Lost PAN, e-PAN Cards, etc. Alankit through its PAN India network, through its Business Associates, will offer these services, making it easy for the customers.

Commenting on this agreement, Mr. Ankit Agarwal, MD Alankit Ltd. said “We are delighted to be partnered with UTI, as they are already one of the established leaders of PAN card services. Now, we can address and resolve all the PAN card related grievances digitally. Alankit has always acted as the last mile between the Government and the citizens of the country and now we would be fulfilling it by offering PAN card services. During this COVID crisis, Alankit has taken many new initiatives and launched new business processes. We remain committed to offering easy-to-use and quick solutions that would help our citizens. ”

Source of Article -> Alankit Company News

Future of Medical Records Digitization in 'Indian Healthcare – Alankit Limited Tax Scam

Waiting at the doctor’s clinic for hours, just to get a diagnosis, even when you’re only plagued with minor flu? Rambling through documents to find the right medical records that you need for a specific treatment? 

Tiresome activities, aren’t they? Alankit believes that the digitization of medical records can prove to be of great benefit to our country. 

Digital India is a phrase that everyone is talking about but it’s used in a limited manner in the healthcare segment. A report by techARC (Market Research Firm) suggests that India has 50 crore smartphone users as of December 2019, but are we utilising this digital reach to its potential in healthcare? 

Imagine having a system in place that takes care of all your medical records and allows easy access to them, to you, and to your doctors. Wouldn’t it prove beneficial in solving major problems that plague our healthcare system?

Alankit Limited already provides health insurance services, wouldn’t it be great if that insurance could be linked to your records for easy accessibility?

Let us understand why Digitalization of Healthcare in India is important:

The dearth of Doctors: India has one doctor for 1500 people, which is 50% fewer doctors than the ratio recommended by the WHO. If we were to digitize our healthcare system, it would be easier for doctors to diagnose and treat more patients.

Rural Areas: Healthcare in rural areas is next to negligible. Hospitals and clinics are non-existent and even if they are present, they are really far off from villages, and not every individual has access to them. If we can bring doctors to mobile phones, and connect them to patients through phone calls and the internet, it would be easier for our countrymen to access healthcare facilities.

Record Integration: We don’t have an integrated system where the medical records of every patient are stored. This system, if created digitally, can solve a host of problems like easy identification of high-risk patients, administration of proper drugs during emergencies, better support to accident victims and tourists. The doctor will simply be able to pull the data and treat the patient. Alankit recognizes this problem and our health insurance makes sure that your records are kept safe. 

Population Growth: We are growing at a constant rate, and while that poses a lot of health hazards on its own, it also brings out the problem highlighted in the first point. The number of doctors in our country might not increase as starkly as the number of people. The only way to solve this is to create digital access to healthcare, so it gets easier for everybody to get diagnosed and treated remotely.

Traffic Situation: The average speed in most metro cities is below 25km/h, so a dying patient could take anywhere from 1 to 3 hours to reach a hospital that is 20kms away. During medical emergencies, time is of the essence and a digital system that can provide guidelines or step-by-step directions to keep the patient stable can help save a lot of lives. 

We are a nation of young people and with technological advances happening at a stunning rate, the idea of a truly digitized healthcare system in India is not a far fetched possibility. We at Alankit have been doing our bit by providing healthcare facilities like health insurance to our customers digitally. Get associated with us today.