Online shopping is becoming increasingly popular due to its ease, rapidity and cost-effectiveness. That is the reason why companies offer their products online in their e-shops to customers all over the world, that is why retailing corporations like Amazon.com were born and sell goods produced by others and that is why websites with free classified ads like Sahipasand.com are used to sell or resell any kind of products.
Consumers can now purchase any number of goods and services online and are doing so with progressive frequency. Of course there is a significant number of risks associated with this new craze, from simple technical issues and poor customer service to more serious cases of phishing and identity theft.
Following the tips listed below and maintaining a certain degree of common sense will allow you to shop online safely:
One way of ensuring your online safety is to shop exclusively on secure websites that encrypt the information you send in order to protect it from hackers. You can check if a website is a secure one in a number of ways. First of all, look for a locked padlock at the bottom of your computer screen and/or an unbroken key. If the padlock is open or the key is broken, the site may not be secure. Look also at the web address: if an ‘s’ is displayed after the ‘http’ (so you see https://), the site should be secure.
Always read the small print
Always familiarize yourself with an online retailer’s small print before placing an order. All reputable online merchants will provide customers with a Privacy Policy detailing how information is stored, used and shared with third parties. Furthermore, make sure you familiarize yourself with merchant’s shipping, cancellation and returns policies to avoid all nasty surprises later on.
Be aware of cookies
Cookies are a tracking system that monitors the sites we use while we browse online. Online retailers often use cookies in order to facilitate the ordering process, however they are also used as a marketing tool, bombarding us with targeted advertisements relevant to the sites we have visited in the past. Though this is often benign, it can be potentially damaging.
Keep your information private
Since you will be required to enter a lot of personal information when placing an order, make sure you are selective about any additional information you enter. Many questions online retailers ask are not compulsory and are only included for marketing purposes. If you value your privacy, enter only the minimum information required.
Look out for phishing
Phishing is a phenomenon that encourages individuals to enter private information such as bank account and credit card details into a fake website that is accessed via an officially looking email from a bank, favorite online retailer or payment service provider. To avoid becoming a victim of phishing, do not respond to any requests to verify or update your details via email, and do not access websites via embedded links; always access the page directly by entering the address by yourself.
Open a demat account with any of the DPs empanelled with NSEL.
This can be done in any Bank where you hold your account.
You can then place your order for e-Series products by making a telephone call to your broker or directly through online trading terminals.
Orders once placed can not be modified but canceled.
On getting Registered with Sales Tax.
If you are not going to deliver the goods physically you need not have Sales tax Registration,
Profit margins differ as in normal Trading.
Beneficiary Account.
It takes at least 1 to 3 working days to complete all formalities of opening a beneficiary account.
Members of the Exchange can open a CM pool account with any of the DPs empanelled with NSEL. The Exchange issues a member ID intimation letter to the member, which has to be submitted along with the request for opening a CM Pool Account. Clients are required to submit their KYC documents for opening a beneficiary account.he charges are notified by the DPs to all the clients holding beneficiary account with them. The DPs normally charge Annual Maintenance Charges (AMC) and transaction charges on all debit instructions. It is similar to the practice followed in equity market.
“NSEL conducts spot trading in various agricultural and non-agricultural commodities, including gold and silver. The Exchange currently offers trading in 32 commodities. Contracts are designed and customised to fulfil the requirement of big corporates, traders and small farmers.
NSEL launched a new segment ‘e-Series’ in 2010, which is exclusively designed to develop a cash segment in commodities. e-Gold was the first product to be launched under e-Series, followed by e-Silver, e-Copper and e-Zinc. e-Series products track prices of physical commodities. These are commodity investment products in demat, available in small denominations to enable commodity investment, in the form of SIPs (Systematic Investment Planning), for retail and investors and portfolio diversification for HNIs.”
Khatha Extract is entering detail of the Property from the assessment register.
The extract is required to get a trade license, or to buy a particular property.
It has the details of the property like the name, size of the property, use of the property (commercial purpose, residential), annual value, when assessed last.
Who Should Obtain Khatha:
All property owners/holders who hold property within the BBMP jurisdiction are eligible to obtain a Khatha.
This can be obtained from a Notary for a fee of rs 100 to 300.
2.Fill up the Khatha Form. Link provided to wards the end of this Post.
3.The Application Fee is Rs.10.
4.Get the acknowledgement, it is in the Form of Registration
.5.Documents to be submitted with the Khatha Application.
i. Title deed (Re-conveyed documents from BDA in case of BDA re-conveyed areas)
ii. Tax paid receipts and Khatha details
iii. Sketch of your property showing its boundaries and location of site
iv. Improvement Charges
v. National Saving Certificates for Rs.200/-
vi. Encumbrance certificate for vacant sites
vii. Flow chart of titleDocuments required for property of land type- BDA / KHB Layout
i. Title deed or Possession certificate
ii. National Saving Certificates for Rs.200/-
iii. Encumbrance certificate for vacant sites
iv. Flow chart of title.
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Issues of demand note: Generally it takes 15 days to process your application. You have to keep enquiring till the Demand Note is issued in your favour. The amount of Registration Fees to be paid is indicated in the demand note.
Seek Information: After 2 months if there is still no activity then file an RTI to seek information on the status of the Khata Registration.
Assessment of Property by Officials: The BBMP Revenue in-charge and Assistant Revenue Officer will personally visit the property to assess it. Please note that if the property is assessed as commercial and reads as ‘Rented Out’, the Property Tax is twice the normal property tax amount payable.
Khata Registration fee: After the property is assessed, the BBMP formally communicates this to you while mentioning the property dimensions (in sq. feet), its value as per BBMP assessment and the tax liability thereon.
One is also provided with a notice mentioning the same and informing you to pay the Khata Registration fee – 2% of the property value as Khata Registration fee (this is 2% of the value mentioned in the Sale deed).
Once you pay the Khata Registration fee, in about 1-2 weeks, you will receive the notice for paying the pending property tax.
Without this the Khata Extract will not be issued in your name. But if you have reached this point it means the Khata has been technically registered on your name.
Doubts may be addressed to the Department Head in The Tamil Nadu Government Portal.
Patta transfer
Patta transfer, a major transaction for purchasers has now been made easy after computerisation and certain administrative reforms that have been introduced in this office.
It may be recalled that Chief Minister Jayalalithaa announced in the Assembly on June 6, 2011 that the procedure for patta transfer will be streamlined to avoid delay and frequent visits by the petitioners to the taluk offices. Detailed instructions were issued thereafter via G.O. 210 dated July 8, 2011, to eliminate difficulties faced by public. Accordingly, Village Administrative Officers were empowered to receive patta transfer applications and issue a receipt of acceptance.
In cases which do not involve sub-divisions, applicants are advised to approach the taluk office on second Fridays with the original documents for verification. For cases involving sub-divisions the petitioner will have to receive the order of patta transfer on the fourth Friday from the date of submission of application. The applicant has to pay the sub division fee on the day of receipt of the order from the Tahsildar. This work would be completed within 30 days.
Supervising
The zonal deputy tahsildar and revenue inspector would visit villages every Monday and Tuesday to monitor the receipt of applications. The Commissioner of Land Administration shall review the progress every fortnight. Every Friday is being observed as Patta Day in taluk office. The VAOs and field surveyors visit taluk office on every Friday to compete the process. The uncertainty surrounding the process has been eliminated as clear time limits have been fixed for officials to issue orders.
Regarding patta transfer applications, the applications seeking transfer of patta in Ambathur Taluk Office are being received both at Village level by the Village Administrative Officers concerned and at Taluk Office. All such applications are properly entered in the newly introduced software by which the Revenue Patta Transfer (RPT) Numbers are assigned for all the claim petitions. Thereafter, the sub-division involved cases are segregated and sent to Survey Section.
Parallel register
The Land Records Draftsman (LRD) will maintain a parallel register for sub-division cases and will distribute to the Field Surveyors concerned for inspection and report. In respect of Sub-Division cases, the 8-A numbers (as per proviso 8 of Survey and Boundaries Act, 1923) will be generated automatically for each case in the new software. The public can now have access through the new system and find out the status of his application from his doorstep, since the movement of RPT papers are being monitored online.
Due to introduction of the new system, transparency in administration and redressal of public grievance without any pain has been achieved. This not only keeps the public in comfort, but also drastically reduces corruption.
Deserve appreciation
V. Rajagopal, a resident of Anna Nagar Western Extension, said: “Taluk administration in Ambathur Taluk and the Tiruvallur District Administration deserves appreciation for having introduced a transparent, efficient and most responsible administration at taluk level to achieve the goal of excellent governance. It would be highly appreciable, if this system is implemented throughout the State, which will be the answer to the public grievances with Revenue Department.”
This is an extract issued from the Register of Land holdings maintained, usually at the Office of the Tahsildar concerned. This is issued in the name of the person or persons in whose name the records relating to the holdings are maintained or may be available The issuance of patta signifies the lawful possession.
Who issues the patta?
Usually, the Tahsildar issues the Patta. Other officers are also empowered to do so depending on the facts and circumstances of each case.
What is the procedure for obtaining patta?
Normally, an application has to be made to the Tahsildar in the form of a simple requisition to issue the patta, providing necessary details and documents. It is issued in the name of owner or in the case of joint holdings, in the names of the joint owners. If required, the officer concerned may require the applicant to furnish details in a particular format and may also hold enquiry before granting the patta. A survey may also be made if so deemed fit.
Does every patta has a plan or sketch?
In cases of patta which are “Extracts from Permanent Land Register” and “Extracts from Town Survey Land Register”, a topo plan is issued and is part of the patta. In the case agricultural holdings, the topo Plan is not usually issued.
Is it mandatory to have a patta for every property?
In case of properties which have buildings or structures, physical occupation and possession may be demonstrable. In case of vacant lands, this may not be possible. In such instances, patta is the main document for establishing lawful possession. Even in case of properties with buildings and structures, patta is the primary document to establish lawful possession. It also has other uses, especially when one is dealing with one’s property, as it contains many other vital details including the extent of holdings and in many cases, the measurements.
Is patta required for establishing ownership of apartments?
Patta is a document relating to land and not buildings, although the patta may include particulars relating to the buildings. In respect of apartments the land is usually owned by the co-owners in undivided shares and Patta is not issued for undivided shares of land. However, it may be possible to get the patta in the names of all the co-owners jointly. Patta issued in the names of joint owners does not specify the shares of the individual owners and in such cases of joint patta, there is scope for confusion. Also, depending on the nature of holding, Urban Land Tax or other taxes may become payable on the basis of joint patta. Otherwise, as related to individual holdings alone, the same may not be payable.
In what cases are patta transferred?
There are a few instances when patta needs to be transferred. Take the case of an owner, having a patta, expiring without leaving a Will. In such cases, the legal heirs of the deceased person are entitled to have patta for the property in their names.
In the case of a person leaving a Will, patta can be transferred to the beneficiary with the consent of others who will be the immediate heirs of the deceased person. The officer concerened may also require the production of Letters of Administration or Order of Probate in appropriate cases.
My seller has a patta in the name of previous owner. Is it mandatory for my seller to have patta in his or her name?
Although, it is possible to have the patta directly in the name of a purchaser or a transferee, after purchase or transfer, it is desirable that patta is available in the name of the seller or the transferor. To a certain extent, there could be an element of comfort if the seller is a known person or the transferor a close relative. It is also possible to ascertain whether patta will be issued in the name of the purchaser or the transferee and in cases where patta is not obtained by the seller or the transferor but documents are in order, it is best to check whether it will be issued directly in favour of the purchaser or the transferee.
The title deeds are in the name of one person. Patta is in the name of somebody else or one or more other persons?
This has to be approached on a case to case basis.
It is also possible to obtain a correct patta if there is an error or omission or oversight. Decision may be taken after obtaining legal advice.(The Hindu)
Essentially there are two types in Trading Online.
On Line Trading.
One is Trading in Shares. the other one being Trading in Commodities.
While in the former you buy and sell shares , in the latter you buy commodities like Cereals etc.
How to Trade Online Trading in Shares.
1.You have to open an online Trading account also called Demat Account?
Demat stands for dematerialization. Dematerialization is the process of converting physical financial instruments such as share certificates, mutual fund investments, and bonds into electronic form. A demat account is similar to a bank account. When you receive your bank statement, you will see 2 columns – deposits and withdrawals of money and balance money in the account on the last day of the statement. Similarly, a demat statement will show the investments you have bought, sold and the balance investments held on the last day of the statement.
Now you may wonder – where do I open a demat account? That’s easy. When you want to buy equity shares, you approach your bank or an equity share broker. The broker will open the demat account for you along with the brokerage account. When you buy and sell securities, the broker will have the securities deposited into or moved out of the linked demat account. You will also need to link your bank account to the brokerage account for transfer of funds when you buy and sell shares, and for payment of related costs.
If the broker is a depository participant (who is authorized to open and maintain demat accounts), the broker will open your demat account and maintain it in-house. However, if the broker is not a DP, your demat account will be opened with a DP the brokerage house is associated with.
You may ask – but why has demat been introduced? To answer your question, take a look at the benefits arising from demat:
Holding your investments in demat form is easy and convenient.
You don’t have to face the problem of losing investment certificates or receiving forged certificates.
Transferring securities becomes easy.
You incur lower costs associated with transactions when compared to physical buying and selling of securities.
You receive bonus shares and share splits automatically.
Fill in an account opening form for broking service and for opening demat account.
Sign a DP agreement and Power of Attorney permitting the DP to transfer shares in and out of your account when you buy and sell.
Complete the KYC requirements for which you need to provide your identity and address proof and cancelled cheque of your bank account which you want to link to your broking and demat account.
Once the account is opened, the DP will give you a client id (very similar to a bank account number).
Now you can start Trading in Shares.
Ensure that you do not become greedy.
Watch the SEBI prices of stocks Daily and decide for yourself which stocks are raising steadily, the background of the Company, promoters.
Do not go in for very highly raising stocks to begin with,You can do that after you gain some experience.
Till then trade in established Stocks and quit when you get a return of 15-20% return on your investment.
Start with an investment of Rs 1000 or 2000; as you gain in confidence and experience you may start investing more.
In the case of fast raising Stocks, sell when you get a maximum of 50% Profit , this is safe.
Fill in an account opening form for broking service and for opening demat account.
Sign a DP agreement and Power of Attorney permitting the DP to transfer shares in and out of your account when you buy and sell.
Complete the KYC requirements for which you need to provide your identity and address proof and cancelled cheque of your bank account which you want to link to your broking and demat account.
Once the account is opened, the DP will give you a client id (very similar to a bank account number).
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