Posts

Showing posts from July, 2021

Filing Income Tax Return? Precautions you must take while filing ITR – Check all details here

Image
  Filing Income Tax Return? Precautions you must take while filing ITR – Check all details here The taxpayers can file the Income Tax Return (ITR) in two ways — online and offline.   The process of filing the Income Tax return has become more convenient now. The user can file the Income Tax Return (ITR) in two ways online and offline.    The Finance Ministry had extended the date of filing income tax returns for the Assessment Year 2021-22 by two months. Earlier, it was 31 July 2021, but now one can file till 30 September 2021. The followings are the important precautions that one should be kept in mind while filing the return of income:  1)  The first and foremost precaution is to file the return of income on or before the due date. Taxpayers should avoid the practice of filing belated returns. Following are the consequences of delay in filing the return of income/ Loss (other than the house property loss):  a. Losses can...

RBI changed the rules for RTGS, NEFT payment, now non-banking institutions will also be able to provide facilities, know what will be the benefits

Image
  RBI changed the rules for RTGS, NEFT payment, now non-banking institutions will also be able to provide facilities, know what will be the benefits RBI: Apart from banks, now non-banking institutions will also be able to use NEFT, RTGS facilities.  The effect of this decision of RBI will be that the dependence of these institutions on banks will be reduced and digital payment will get a new impetus.  New Delhi: The    Reserve Bank of India (RBI) has also allowed non-banks to participate in its Centralized Payment System (CPS) like Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) system.  The Reserve Bank says that it will be implemented in a phased manner.  RBI had said in April itself that non-banks will be allowed to use CPS like RTGS, NEFT, but in a phased manner.  However, till now only banks are allowed to use the facilities of RTGS and NEFT payments.  The Reserve Bank is trying to accelerate digital ...

DDA 2019 Housing Scheme: Big relief to flat buyers, payment date extended till 30th September

Image
  DDA 2019 Housing Scheme: Big relief to flat buyers, payment date extended till 30th September Giving a big relief to the flat buyers, the DDA has extended the last date of payment till 30 September.  However, there will be some conditions involved in this. New Delhi:   Delhi Development Authority (DDA) has extended the last date of payment, giving relief to the flat buyers.  According to the information, the deadline has been extended to 30 September with some conditions. The last date for depositing the amount demanded from the allottees of Housing Scheme 2019 has been extended from November 11, 2020 to December 31.  Also, it has been extended till 30 September with 10 percent interest.  The DDA has given this information through Twitter on Tuesday. The housing scheme was launched in March 2019 and around 18,000 flats were put up for sale in Vasant Kunj, including Narela.  Later this number was reduced to 10,000 as the DDA was not getting the b...

Income Tax Return filing: 10 important things individual taxpayers must know before filing ITR

Image
Income Tax Return filing: 10 important things individual taxpayers must know before filing ITR Here are a few important things which individual taxpayers should know before filing their income tax return for AY 2021-22. For individuals [not subject to tax audit provisions under Income-tax Act, 1961 (‘the Act’)], the income tax return (ITR) filing deadline for Financial Year (FY) 2020-21 (Assessment Year 2021-22) has been extended from 31 July, 2021 to 30 September, 2021 owing to the ongoing COVID-19 pandemic. ITR forms (Forms 1, 2 and 4) for FY 2020-21 have already been notified by the Central Board of Direct Taxes (CBDT). In this article, a few important aspects which one must consider before filing ITR have been enumerated: 1. CHOOSE CORRECT ITR FORM It is important to select the applicable ITR form depending upon the taxpayer’s residential status and income earned from various sources for an accurate filing. For example, form ITR-1 can only be used by a resident individual having to...

Good News! There may be a big increase in the salary of people in India next year, know the reason

Image
  Good News!  There may be a big increase in the salary of people in India next year, know the reason Employees Salary Hike: Many people have lost their jobs during the Corona period, while there are many who have to face severe cut in salary.  But the coming year is going to prove to be good for the people.  Actually, in the next financial year 2022-23, you can see a big increase in your salary. New Delhi.   Many people have lost their jobs during the Corona period, while there are many who have to face severe cuts in salary.  But the coming year is going to prove to be good for the people.  Actually, in the next financial year 2022-23, a big increase in your salary can be seen (Employees Salary Hike).  The companies of the country are now slowly recovering from the impact of the lockdown and the supply of applicants is less as per the requirement, due to which the salary of the employees can be increased. Salary may increase by 8 percent Ac...

Reliance Jio Launches JioFiber Post-Paid Service, Customers Can Save Up To ₹ 1,500. Details Here

Image
  Reliance Jio Launches JioFiber Post-Paid Service, Customers Can Save Up To ₹ 1,500. Details Here Reliance Jio Fiber Plans, Recharge, Price, Set Top Box, Connection, Post Paid Plans: Jio Fiber Postpaid plans start at Rs 399 per month. Customers would get aggressive six and 12-month plan options. New Delhi:  Reliance Jio Fiber customers can save around Rs 1,500! Jio is offering this benefit to customers if they opt for Jio Fiber Postpaid plans. Reliance Jio has launched Jio Fiber Postpaid plans which come with zero upfront entry cost. This will include non-payment of security deposit and installation charges. Due to the zero upfront entry cost, Jio customers could save around Rs 1,500 upfront, according to an IANS report.  JIO FIBER PLANS, RECHARGE, PRICE, SET TOP BOX, CONNECTION, POST PAID PLANS Jio Fiber Postpaid plans start at Rs 399 per month. Customers would get aggressive six and 12-month plan options. They will be available for subscription starting June 17. Jio Fi...

Bank Holiday in August: Quickly settle all your bank work, there are many holidays in August. View List

Image
  Bank Holiday in August: Quickly settle all your bank work, there are many holidays in August.  View List With the beginning of the month of August, the month of festivals also started.  So this time in August there are many bank holidays. The festival season starts in the country from August.  The bank remains closed on the occasion of festival but this time in the month of August there are many extra holidays due to various reasons.  Therefore, if the bank has more work, then it is better to settle it in time.  By the way, nowadays most people in big cities use internet banking more.  But there is still a lot of such class which is still far away from net banking.  It is important for them that they are aware of the additional holidays falling in the bank.  According to the list of holidays released by the RBI, banks will remain closed for eight days in different zones in the month of August, except Sundays and second-fourth Saturdays of e...

If Jandhan Account is not opened yet, convert the old account only, you will get the benefit of 2 lakhs

Image
  If Jandhan Account is not opened yet, convert the old account only, you will get the benefit of 2 lakhs If you want to open Jan Dhan account, then you do not need to open a new account.  You can convert your old account to Jan Dhan account only. New Delhi:   If you have not opened Jan Dhan account yet, then now you can convert your old savings account into Jan Dhan account only.  For this you have to go to the branch of the bank.  Here you have to fill a form and apply for RuPay card.  After doing this, you will have to submit the form to the bank.  Through this form your bank account will be converted into Jan Dhan account. You get interest on deposits in this account.  Apart from this, free mobile banking facility is also provided with the account.  If you have a Jan Dhan account, you can withdraw an additional Rs 10,000 from your account through overdraft.  But this facility is available only after proper maintenance of Jan Dha...

Cash withdrawal is expensive! ATM cash withdrawal charges, debit card and credit card charges hiked; Know when it will be applicable

Image
  Cash withdrawal is expensive!  ATM cash withdrawal charges, debit card and credit card charges hiked;  Know when it will be applicable Important news for bank customers.  RBI has recently allowed banks to increase the charge at ATMs to Rs 21 per transaction.  Know the details. New Delhi: There   is important news for bank customers.  Now withdrawing cash from ATMs and charges for debit/credit cards are going to get more expensive.  Now if customers withdraw money from ATM more than the prescribed limit, then banks can increase the charges to them.  RBI has recently approved a proposal for banks to increase the charge on ATMs to Rs 21 per transaction.  These new rates will be applicable from January 1, 2022. FEE TO BE PAID ON EVERY TRANSACTION   Actually, customers get five free transactions every month from the bank's ATM.  This includes financial and non-financial transactions.  In case of more than this, customers...

EPFOPF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance

Image
EPFO PF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance EPFO has recently allowed its members to withdraw money from the retirement fund as a non-refundable advance, citing Covid-19 The Employees’ Provident Fund Organization (EPFO) will likely to credit the interest on provident fund deposits for the financial year 2020-21 soon, according to reports. Over 6 crore employees will get the benefit by the end of this month, News18 Hindi mentioned. The retirement body kept the interest rate unchanged on the provident fund deposits at 8.5 per cent for the financial year 2020-21. The decision was taken in the view of more withdrawals and less contribution by the members during COVID-19 pandemic. In the wake of coronavirus outbreak in the country, the EPFO had reduced the interest rate to a seven-year low of 8.5 per cent for 2019-20 in last March. The interest rate was 8.65 per cent in 2018-19. The EPFO had provided 8.55 per cent interest rate to its subscri...

Pradhan mantri awas yojana credit linked subsidy scheme application form

Image
  Pradhan mantri awas yojana credit linked subsidy scheme application form The Pradhan Mantri Awas Yojana is an initiative that was introduced by Prime Minister Narendra Modi in the year 2015. Through this scheme, the Government of India aims to provide affordable housing to the urban poor population in India by 2022. Under the tagline “Housing for all”, this scheme focuses on slum rehabilitation, Credit Linked Subsidy Scheme (CLSS), making housing affordable for all, and offer a subsidy for survey-led independent house construction or renovation. Among the four focus areas mentioned above, CLSS is the only scheme that will be implemented as a central sector scheme. The remaining schemes will be implemented as sponsored schemes. Through the Credit Linked Subsidy Scheme, the Government of India aims at increasing the credit flow in institutions to meet the housing needs of the urban poor population in our country. Credit Linked Subsidy Scheme will be implemented by two central nodal...