about e commerce

2. WHAT IS COMMERCE?
 Commerce is a division of trade or production
which deals with the exchange of goods and
services from producer to final consumer
 It comprises the trading something of economic
value such as goods, services, information, or
between two or more entities.
.

3. WHAT IS INTERNET?
 The Internet is an open world-wide
communication network, linking count
computer networks through a mixture of
private and public telephone lines

4. WHAT IS WWW?
 www is the short form of the World Wide Web.
It is a collection of linked documents, or pages,
that span the Internet.

5. What is E-commerce?
 E commerce is business that takes place
electronically, generally over the Internet.

6. business, commonly
Electronic
referred to as "eBusiness" or "e-
business", or an internet business,
may be defined as the application of
information and communication
technologies (ICT) in support of all
the activities of business.
Electronic business methods enable
companies to link their internal and
external data processing systems
more efficiently and flexibly, to work
more closely with suppliers and
needs and expectations
partners, and to better satisfy
of
the
their
customers.

8. B2B
Business-to-Business (B2B) e-commerce encompasses all
electronic transactions of goods or services conducted between
companies. Producers and traditional commerce wholesalers
typically operate with this type of electronic commerce.
B2C
The Business-to-Consumer type of e-commerce is distinguished
by the establishment of electronic business relationships
between businesses and final consumers.
C2C
Consumer-to-Consumer (C2C) type e-commerce encompasses
all electronic transactions of goods or services
conducted between consumers.

11. RIGHT TO INFORMATION
RTI

12. RTI stands for Right to Information.
Right to Information Act 2005 mandates timely
response to citizen requests for government
information.
Right to Information empowers every citizen
to seek any information from the
Government, inspect any Government
documents and seek certified photocopies
thereof.
Right to Information also empowers citizens to
official inspect any Government work or to take
the sample of material used in any work.

13. WHAT IS RIGHT TO
INFORMATION ACT?
 Right came into force on 12th October,2005
 Establishes a process for accessing
information held by public authorities
 Places obligation on them to give
information
 Provides grievance redressal mechanism for
citizen who have being denied information
in an unreasonable manner

14. RIGHTS AVAILABLE UNDER RTI
 Seek any information from government
 Take copies of government documents.
 Inspect any government document.
 Take samples of materials of any government
work.

15. COVERAGE OF RTI ACT
 Covers all India except Jammu and kashmir
 Covers offices owned, established or
financed by central government and union
territories.
 Any public owned, controlled or
substantially financed by government.
 Non govt organisation substantially financed
by government

16. INFORMATION DISSEMINATORS
 PIOs must be designated in each public
authority at the level administrative offices
 Asst PIO must be designated at sub district
level.

17. DUTIES OF PIO
 Accept and give information within time
limit
 Assist those who cannot read and write to
fill up the application
 Give information in format requested.

18. Questions & Answers
 Who is the information disseminator in relation to RTI?
 RTI act does not apply to which state?
 RTI Act came into force on_______
 e-commerce type which encompasses all electronic
transactions of goods or services conducted between
companies is called as _________
 e-commerce type which encompasses all electronic
transactions of goods or services conducted between
companies and consumers are called as ___________

19. Questions & Answers
 www is the full form of _____________
 ___________is business that takes place
electronically, generally over the Internet.
 ___________is a division of trade or production
which deals with the exchange of goods and
services from producer to final consumer

20. POST OFFICES
REACH AND POPULARITY

21. POST OFFICE OFFERING
 Post Offices are very widely spread in India,
particularly in rural area.
 A large number of villages have a post office but may
not have a bank branch .
 The post office provides saving avenues for a large
number of people especially from the lower
economical strata.

22. WHY INVEST IN POST OFFICES ?
 Investments in post office are safe because they are
directly tackled by Govt. of India.
 Some investments offer tax benefits to the investors.
Some schemes of the post office offer a higher interest
rate than banks do Investment Options at Post Office

23. POST OFFICE SAVING ACCOUNT (POSA)
 Money may be deposited or withdraw from the
account at the accountholder's convenience
 POSA It Currently pays an interest of 4% per
annum
 Deposits may be low as Rs 500 which suits
economically weaker sections (Post offices provides
a cheque facility to withdraw from these accounts)
 The interest on these deposits is tax free and no
Maximum limit.

24. MONTHLY INVESTMENT SCHEMES (MIS)
 ➤ MIS means depositing lump sum at the
beginning of the term.
 ➤ The Post Office Pays interest at a fixed rate
on a monthly basis.
 This monthly interest, serves as a pension for a
retired person can deposits his/her retirement
benefits in the post office.

25.  MIS pays an interest of 6.60%.
 Maturity period is 5 years.
 If the deposit is maintained till the maturity, a
bonus of 5% of the principal will be paid by the
post office to the investors
 In MIS, an individual investor can invest a
maximum of Rs, 4.5 Lakhs in a single name
and maximum Rs 9 lakhs in joint names

26. SENIOR CITIZENS' SAVINGS SCHEMES
 SCSS pays a higher rate of interest of 7.4%
 It has lower maturity period of 5 years
 It can be extended to more 3 years
 SCSS opened by investors above 60 years.
 Interest is payable every 3 months.
 Maximum amount of investment is Rs. 15 lakh

27. Public Provident Fund(PPF)
 It is a long term savings schemes in which the
investor has to invest a minimum sum every year.
 An investor could deposit any amount ranging
from Rs, 500 to Rs 70,000in a year into the PPF
The amount is locked-in for a period of 15 years,
but can be extended
 The post office pays 7.5% rate of interest on PPF
investments .
 PPF savings are typically used by people after their
retirement.
 Withdrawals from the lone facility on the PPF
deposits are available at pre-specified time gaps.

28. Postal life Insurance
 It was started in 1884 government
 Postal Life Insurance is open only to employees of
central state government, public sector
undertaking, municipalities, Zilaparishads etc.
 PLI Deposits into this scheme combines the
benefits of both insurance & saving.
 The range of postal life insurances schemes is
however much less than what is offered by the likes
of LIC (Life Insurance Corporation).

29. Post Office Recurring Deposits
(RDs)
 Post Office Recurring Deposits (RDs) are deposits, where a
fixed amount of money is deposited every month for a
predetermined period (say, 5 years)
 At the maturity, a lump sum payment is made to the
depositor post office
 This is suited for people earning a steady stream of income
 RDs are very useful to middle-aged people, who expect
lumpy expenses in future
 For eg, a father of a 12 year old girl could invest in a 5 year
RD so that the lump sum amount could be utilized for the
daughter's education when she is 17.

30.  RD is useful even for people with low income,
because you can open this account with
monthly deposit as low as Rs 100
 RDS offer interest of 5.8% compounded on a
quarterly basis(explained later)
 RDS penalize the investors who withdraw the
investments before the entire term comes to an
end
 A monthly deposit of Rs. 100 over 5 years will
yield on maturity

31. NATIONAL SAVINGS CERTIFICATE
 National Savings Certificates (NSCs) are
certificates which are available in denominations
of Rs. 100, Rs 500, Rs 1,000, Rs 5,000 and Rs.
10,000
 NSCs provide 6.8% interest on the investment
(compounded annually)
 The amount gets locked for a period of 6 years
 No payment is made before maturity

32.  The investor buys an NSC certificate for Rs. 100
 After 6 years, if he produces the certificate the post
office would return Rs 160.10p to him investment in
NSC certificates
 There is no upper limit on the investment in NSC
certificate.

34. What is PAN?
 PAN (Permanent Account Number) is unique
alphanumeric combination issued to all juristic entities
identifiable under the Indian Income Tax Act 1961)
 PAN is a ten-digit unique alphanumeric number issued by
the Income Tax Department.
 It is issued by the Indian Income Tax Department under
the auspices of the Central Board for Direct Taxes (CBDT).

35. Who has to obtain PAN?
 Every person, whose taxable income exceeds
the basic exemption limit during an accounting
year, is required to obtain Permanent Account
Number by making an application in form No
49A.

36. Why Is It Necessary To Have
PAN?
 It is mandatory to quote PAN on return of income,
all correspondence with any income tax authority.
 It is also necessary to quote PAN in all transactions
such as sale and purchase of properties or
payments in cash, travel to foreign country.
 Similarly, the PAN is necessary for making term
deposit for Rs. 50000/ and above with the bank.

37. Who must have a PAN?
 All existing assesses or taxpayers or persons who are
required to furnish a return of income, even on behalf
of others, intends to enter into financial transaction
where PAN is mandatory, must obtain PAN.

38.  Out of the first five characters, the first three characters
represent the alphabetic series running from AAA to ZZZ.
 The fourth character of PAN represents the status of the PAN
holder.
 "P" stands for Individual
 "C" stands for Company
 "H" stands for Hindu Undivided Family (HUF)
 "A" stands for Association of Persons (AOP)
 "B" stands for Body of Individuals (BOI)
 "G" stands for Government Agency
 "J" stands for Artificial Juridical Person
 "L" stands for Local Authority "F" stands for Firm/ Limited
Liability Partnership
 "T" stands for Trust Illustrative PAN
 Fifth character of PAN represents the first character of the PAN
holder's last name/surname in case of an individual.

39. What form 16?
 It is issued personnel India by their respective
employers certificate carries necessary details that the
process filings Tax the Income Tax Department
 The Form 16 represents complete analysis the income
an along with necessary adjustments income (Tax
DeductedSource).

40.  In other words can which the employee has paid
advance to employer and employer has paid it to the
government on behalf of employees.
 The Form is provided by an Employer the Employee
used employee reference as proof Income Tax Returns.
 The Form furnishes various such Salary Income
components Employee, Deducted Source (TDS) the
Employer, and Tax paid the Employer the Income Tax
Department.

41. Features of form 16
 It is applicable to Salaried personnel
 It is Tax Deduction Source (TDS)
 It acts as proof that the Employer has deducted TDS
while paying the Employee
 It is proof of the Salary that the Employee receives.
 It reflects the amount of Income Tax paid by the
Employer on behalf of the Employee
 It can be used by the Employee as proof of his Income
if the Income Tax

42.  If TDS is not deducted the Employer is not
under obligation to issue a Form 16 to the
Employee
 If TDS is deducted, the responsibility to issue
the Form 16 to the Employee lies with the
Employer