Online applications to help mutual funds meet new NFO timeframes

The Mutual fund (MF) industry, which has to deal with reduced timeframe for launch of new fund offers (NFOs) and allotments of units, is getting help from companies, registration and share transfer agents to meet the deadline smoothly.

In a first effort, after Securities and Exchange Board of India (Sebi), reduced the launch period for MFs to 15 days and the timeframe for allotment of units to five days, a technology to help funds comply with the norms has been launched.

e-file your tax return - it's easy, fast and comfortable

With tax filings increasing year after year, the income tax department has been introducing technology initiatives to ensures speedy processing of income tax returns and refunds.

Initiatives such as e-filing, centralised processing of e-filed returns, communication with assessees through email and text messages etc are essential, given that more than 25 per cent of our population is aged below 25 years. To support these technology initiatives, eRIs (e-Return Intermediaries) such as www. taxsmile.com have developed intuitive do-it-yourself return preparation engines that can help one to prepare and e-file an income tax return. The process of electronically filing income tax returns through the Internet is known as e-filing. Under the process, one can file the return in a hassle-free way with just an internet enabled PC.