Vertical Eye Financial Solutions provides TIN-FC (Tax Information Network – Facilitation Center) services managed by NSDL. It is a partnership firm providing taxation, consultancy, and financial management services in India since 2008. The firm has tie-ups with chartered accountants, cost accountants, company secretaries, and advocates to provide a wide range of services including TDS, auditing, accounting, taxation, and management consulting. It aims to provide complete, integrated, and excellent services while partnering with clients.

2. Thank you for the opportunity and privilege to introduction ourselves Vertical Eye
Financial Solutions has tied up with Vertex Customer Sountions India Pvt Ltd to
provide TIN-FC (Tax Information Network – Facilitation Center) services managed by
NSDL in the name of Kamlesh Mohanlal Jadav with branch code : 08177
TIN is a repository of nationwide Tax related information, and has been established
by National Securities Depository Limited on behalf of ITD. We have already listed on
TIN-NSDL website.
Vertical Eye Financial Solutions is a Partnership firm which is into Taxation,
Consultancy and Financial Management services catering to a wide variety of clients
throughout India since 2008.
.
About US

3. Our Practice
We are a medium sized Tax and Financial Planner firm in India
with a team of dynamic accountants and professionals serving
clients from all business sectors, including listed public
companies and Government. We have a team of well experienced
professionals who have specialized capabilities in this field.
The firm also has tie – ups for the services of Chartered
Accountants, Cost Accountants, Company Secretaries and
Advocates as Consultants on assignment basis.
Our Commitments
➘ Providing complete range of high quality services in areas of
TDS, auditing, accounting, taxation and management
consulting.
➘ Carrying out all aspects of work with integrated
professionalism
➘ Partnering the clients towards excellence.
Our Practice and Commitments

4. We provide complete outsourcing solutions in the areas of TDS (both Salaries & Non-
Salaries). We help you in preparation of Quarterly e - TDS return & TDS related data
processing. We will provide service up to TDS return filing. Our professional team takes
care of smallest detail such as correct rate of TDS, entry of correct PAN in the return and
verification of TDS challan details.
The procedures of TDS have become lengthy, complicated and tedious. Non compliance of
TDS provision can result in disallowance of expenses or penalties. Our expertise in
outsourcing means that our clients can continue to focus on their core competencies,
unlocking valuable management time. We ensure legal compliance, accurate and timely
deductions, payments and filing of TDS return to enable our clients save on interests and
penalties.
We also help you issue TDS certificates in form16A, Form 16 and Form 12BA. Beside all
this you will get regular update on changes in Income Tax Law and procedure through our
professional update mails.
To enable us understand your requirement and provide a customized solution to your TDS
related issues contact us.
.

5. Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit):
Default/ Failure Section Nature of Demand Quantum of demand or penalty
Failure to deduct tax at source 201(1) Tax demand Equal to tax amount deductible but not deducted
201(1A) Interest @1 % p.m. of tax deductible
271C Penalty Equal amount of tax deductible but not deducted
Failure to deposit tax at source 201(1) Tax demand Equal to tax amount not deposited
201(1A) Interest @1.5% p.m. of tax not deducted
276B Prosecution Rigorous imprisonment for a term for a minimum of 3
months which may extend to 7 years and with fine
Failure to apply for TAN No. u/s 203A 272BB Penalty Rs. 10000
Failure to furnish prescribed statements
u/s 200(3)
272A(2)(k) Penalty Rs. 100 every day during which the failure continues subject
to maximum of TDS amount
Failure to issue TDS certificate u/s 203 272(A)(g) Penalty Rs. 100 every day during which the failure continues subject
to maximum of TDS amount.
Failure to furnish statement of
perquisite or profit in lieu of salary u/s
192(2C)
272(A)(i) Penalty Rs. 100 every day during which the failure continues subject
to maximum of TDS amount
Failure to mention PAN of the
deductee in the TDS statements
and certificates
272B Penalty Rs. 10000

6. Important points relating to
TDS
• What is the nature of payment being made?
• Is it covered by any of the TDS sections?
• On what amount is it to be deducted?
• What is the rate of TDS?
• When is it to be deducted?
• When is to be paid to the Govt.?
• Which challan is to be used for payment?
• Which TDS statement is to be filed?
• When is it to be filed?
• Which form of TDS certificate to be issued?
• When is it to be issued?
6

8. Our Services and Practice
Tin Facilitation Center
Maintenance of Accounts
E-tds
ITRS
Service Tax
VAT
Life Insurance Corporation of India
General Insurance
Tax and Financial Planning
Professional Tax Related work
Shop and establishment licenses
Passport Consultancy
.
Our Services and Practice

10. Our Service Line

11. Services Offered
Tax Suite
•Income Tax
•Tax Planning and opinions.
•Taxation related certifications.
•Compilation and Filing of I. T.
Returns.
•T.D.S. returns and procedures.
•Handling Scrutiny, Appeals
and Litigations
•Indirect taxes
•V.A.T. and Service tax
•Handling VAT Audits
•Opinions and Planning
•Getting new registrations /
amendments.
•Filing of monthly / quarterly
returns.
•Accounting
Insurance Suite
•Life Insurance Corporation Of
India
•General Insuracne ( The New
India Assuracne Co Ltd )
Other Value Added services
•Passport Consultancy
•Real Estate Agent in Vadodara

13. 54
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25

14. BRIEF HISTORY OF LIFE INSURANCE IN INDIA
1818: Oriental Life Insurance Company, the first life insurance
company on Indian soil started functioning.
1870: Bombay Mutual Life Assurance Society, the first Indian
life insurance company started its business.
1912: The Indian Life Assurance Companies Act enacted as the
first statute to regulate the life insurance business.

15. Cont…
• 1928: The Indian Insurance Companies Act enacted to enable
the government to collect statistical information about both life
and non-life insurance businesses.
• 1938: Earlier legislation consolidated and amended the
Insurance Act with the objective of protecting the interests of
the insuring public.
• 1956: 245 Indian and foreign insurers and provident societies
are taken over by the central government and nationalized.

16. .
• On September 1st, 1956 Life Insurance Corporation of India
was created, by an Act of Parliament, viz. LIC Act, 1956, with
a capital contribution of Rs 5 crore from the Government of
India .
• With an objective of spreading life insurance much more
widely and in particular to the rural areas with a view to
reach all insurable persons in the country, providing them
adequate financial cover at a reasonable cost.

17.  1957: It crossed to Rs.200 crore of new business.
 1970: It crossed to Rs.1000 crore.
 1986: It crossed to Rs.7000 crore.
 June 1989:LIC housing finance limited (LICHFL)
was established.
MILESTONES OF LIC

18. • LIC had 5 zonal offices, 33 divisional offices and
212 branch offices, and the corporate office in the
year 1956.
• Today LIC functions with 2048 fully computerized
branch offices, 100 divisional offices, 7 zonal
offices and the Corporate office

20. GOLDEN PEACOCK AWARD FOR EXCELLENCE IN
CORPORATE GOVERNANCE, 2007
CNBC Awaaz Consumer Awards 2008
ASIA BRAND CONGRESS BRAND LEADERSHIP AWARD 2008
Pitch Award -" Rank 1 " India's Top 50 service Brands

21. Trusted Brand Award 2009 in the Platinum category
Brand Equity Most Trusted Brand 2009 Top in Insurance Category
Golden Peacock Innovative Product / Service Award - 2009

22. MARKET SHARE
0
10
20
30
40
50
60
70
1
LIC INDIA
ICICI PRUDENTIAL
BAJAJ ALLIANZ
SBI LIFE INSURANCE
RELIANCE LIFE
HDFC STANDARD
BIRLA SUN LIFE
MAXNEW YORK
KOTAK MAHINDRA
AVIVA LIFE INSU
OTHERS
2008-09

23. REFERENCES:-
• Websites:-
• www.licindia.com
• www.wikipedia.org
• www.icallinsurance.com
• www.bimaonline.com
• www.irdaindia.org
• THE HINDU

25. Overview
• New India Assurance Co Ltd, today, is a 100 %
Govt owned multinational general insurance
company operating in 22 countries and
headquartered at Mumbai, India. Our global
business crossed Rs 12,500 Cr (Rs 125 billion) .
Founded by Sir Dorabji Tata in 1919, we have
been market leaders in India in non-life business
for more than 40 years. Our Indian business
touched Rs 10,000 crores (Rs 100 billion) in
2012-13. We are the only direct insurer in India
rated A-(Excellent – Stable outlook) by AM Best.

26. • New India Floater Mediclaim Policy
• New India Asha Kiran Policy
• Mediclaim 2012 Policy
• Pravasi Bharatiya Bima Yojana Policy (418 KB)
• Mediclaim 2007 Policy
• Family Floater Mediclaim Policy
• Janata Mediclaim Policy
• Senior Citizen Mediclaim Policy
• Personal Accident Policy
• Overseas Mediclaim Policy
• Householders Policy
• Motor Policy
• Money Insurance
• Rasta Apatti Kavach (Road Safety Insurance)
• Suhana Safar Policy
• TV/VCR/VCP Insurance
• Mobile/Cellular Phone Insurance
• Other Personal Insurance
• Group Mediclaim Policy
Personal Insurance Commercial Insurance
Jewellers Block Policy
Bankers Indemnity Policy
Shopkeepers Policy
Marine Cargo Policy
Plate Glass Insurance
Special Contigency Policy
Neon Sign Insurance
Multi Peril Policy for L.P.G. Dealers
Fidelity Guarantee Insurance Policy
Marine Hull Policy
Aviation Insurance
Products: Overview

27. • Fire Policy
• Burglary Policy
• Machinery Breakdown Policy
• Electronics Equipment Policy
• Consequential Loss Policy
• Contractors All Risk Policy
• Marine cum Erection / Storage cum
Erection Policy
• Advanced Loss of Profit / Delay in Startup
Policy
• Contractor Plant and Machinery Policy
• Mega Package Policies
Industrial Insurance Liability Insurance
Public Liability Policy
Products Liability Policy
Professional Indemnity Policy
Directors and Officers Liability Policy
Lift (Third Party) Insurance
Employers' Liability Policy
Carrier's Liability Insurance
Liability Insurance Act Policy
Golfers Indemnity Insurance

28. • Universal Health Insurance Scheme for
BPL families
• Universal Health Insurance Scheme for
APL families
• Jan Arogya Bima Policy
• Raj Rajeshwari Mahila Kalyan Yojana
• Bhagyashree Child Welfare Policy
• Janata Personal Accident Insurance
• Student Safety Insurance
• Ashrya Bima Yojana
• Rural Insurance
Social Insurance

29. CONTACT US
• Contact-No:- +91-8401388089, 9409306765
• Ph No : 0265 - 3931615
• E-mail:- tax.verticaleye@gmail.com,
kmjadav@gmail.com
• Address:- 301, Dharmik Chamber, Kothi Char
Rasta, Raopura Vadodara – 390 001
Mr.Kamlesh Jadav