Technodealz - Technology Updates & News

  How to download Form-16A, interest certificate for SBI An interest certificate will tell you how much interest you have earned on your savings accounts and fixed deposits with a bank during the financial year 2019-20. A State Bank of India (SBI) customer can get the interest certificate either by visiting his/her bank branch or by downloading the same from the Net banking facility. Apart from the interest certificate, if tax has been deducted on the interest paid/accrued on your fixed deposit investment for the financial year 2019-20, then will have to get Form-16A from your bank. Form -16A is a TDS (tax deducted at source) certificate that contains details of the total interest paid/accrued to you and tax deducted on it during a particular financial year. How SBI customers can download Form-16A TDS certificate Follow the steps below to download TDS certificate using SBI’s Net banking facility: Step 1: Login to your account by visiting onlinesbi.com. Step 2: O...

  Govt extends due dates for filing IT returns, audit reports, GST annual return New Delhi: The government on Saturday said due dates for filing income tax returns and tax audit reports for FY20 for various classes of tax payers have been extended to give more time for tax payers to comply. The government also, on advice from the federal tax body, the Goods and Services Tax (GST) Council, extended the due date for filing annual return for FY19 from 31 October to 31 December, finance ministry said. For filing income tax returns for FY20, individuals who are not required to conduct a tax audit report will now get time till 31 December. The original due date of 31 July was earlier extended to 30 November. Tax payers who are required to file their tax audit reports—professionals with gross receipts more than ₹50 lakh and those running businesses with sales up to ₹1 crore—have also got extra time. They can now file their tax returns by 31 January. The earlier deadline, after o...

  New debit card, credit card rules kick in from October 1: Details here The Reserve Bank of India has issued several new guidelines that will come into effect from October 1, 2020. Among these many guidelines, one pertains to using debit cards and credit cards. The new rules are aimed at making digital payments secure and safe for users. The RBI had directed all banks to not unnecessarily give international facilities to customers’ cards, unless the customer himself demands it. The move is aimed to stop increasing fraud transactions using debit and credit cards. Let’s take a look at what all changes when RBI’s new guidelines are effective from October 1. – As per new guidelines, customers will get the option to register for preferences such as opt-in or opt-out services, spend limits and other services for online transactions, international transactions and contactless transactions. – The debit and credit card servies will only be enabled for transactions at ATMs (domest...

OTP Based LPG Cylinder Home Delivery Starts from this Date From the month of November 2020, LPG cylinder delivered to your doorstep, an OTP will be required. Oil Companies To Implement New OTP System for Home Delivery System of LPG Cylinders. Oil companies will be implementing a new system, Delivery Authentication Code (DAC), wherein, the home delivery of a Liquified Petroleum Gas (LPG) cylinder will require an OTP (one-time-password) from next month, i.e., November 1. As per reports, the DAC process for home delivery will be first implemented in 100 smart cities and will also be extended to other cities, if the system works efficiently in these cities. Also, the pilot project has already been implemented in Jaipur in Rajasthan. This system has been introduced to prevent the theft of cylinders of cooking gas. Also, it will help them to identify the right customer so that the cylinder is delivered to the right person. As per reports, this system will not be applicable for commercial cyl...

  Income Tax Return Filing: Filing ITR? Make sure to check your latest Form 26AS first — here’s why Form 26AS (Annual Tax Statement) is an essential document for taxpayers containing details of all the taxes tagged against a taxpayer’s PAN and serves as an important reference while filing income tax returns (ITR). To usher in enhanced transparency between tax authorities and taxpayers, the Finance Act, 2020 introduced changes to the existing Form 26AS and mandated certain additional information to be included in the new Form 26AS. Multiple information in respect of a taxpayer, such as sale/ purchase of immovable property, share transactions, etc., is collected by tax authorities from the annual information statements filed by intermediaries such as banks, registrar of immovable property, companies issuing shares, etc. This information is also provided to the taxpayer in Form 26AS so that it can be used for making correct disclosures in the ITR. REVISED FORM 26AS With effect from Ju...

Loan Moratorium: Relief to borrowers! Zee Business explains full benefits likely to be made available Loan Moratorium:  The Government has filed an affidavit in the Supreme Court to provide relief to the loan borrowers. As per reports, the central government’s affidavit says that it will waive-off the interest on interest accrued during the extension period and is in mood to even provide relief to those who continued to pay their EMI even during the COVID-19 financial crisis and not just to to those borrowers who had availed EMI moratorium. Zee Business has reported that it will be a big relief to all loan borrowers who have taken loans up to Rs 2 crore and availed EMI moratorium benefit given by the Reserve Bank of India (RBI) during lockdown. Highlighting the key points of the EMI Moratorium relief that is being explained in the Government affidavit, Zee Business exclusive report said, “The relaxation, in regard to interest on interest (compound interest) will be available to SME...

  Last chance to link Aadhaar to Ration Card – Here is the process Many people, including migrant laborers, had lost their jobs due to the lockdown. Due to which they had a problem ranging from livelihood to food. To help such people, the government announced free Ration under One Nation, One Ration Card. Under this, people living in any state can take advantage of this scheme. The Union Ministry of Food (Food Ministry) has asked for the ration card to be linked with Aadhaar. So that they continue to enjoy the benefits of the facility. Its last date is 30 September. However, it was also clarified by the Ministry that people who have not yet got their ration cards linked to Aadhaar, will not get the benefit of the facility. They will continue to get ration as before. During this time, their ration card will also not be cancelled, but if Aadhaar is linked to it, they will get ease in future. So far, 90 percent of the total 23.5 crore ration cards have been linked to Aadhaar. 10 perce...

  One NATION One Ration CARD can only be availed after March 2021. Here’s why The Food Ministry is considering extending the period of implementation of Ration Card Portability from March 2021 under the ‘One Nation one ration card’ initiative. This was discussed in the meeting of an empowered committee to improve the Public Distribution System. Food Secretary Sudhanshu Pandey presided over it. The Food Ministry is considering extending the period of implementation of Ration Card Portability from March 2021 under the ‘One Nation one ration card’ initiative. This was discussed in the meeting of an empowered committee to improve the Public Distribution System. Food Secretary Sudhanshu Pandey presided over it.  The meeting was called to review and approve the extension of the unified management deadline of the public distribution system. Under this management system, ‘ One Nation – One Ration Card ’ scheme will be implemented. This system will provide technology solutions for the ...