Technodealz - Technology Updates & News

  Big relief for taxpayers! Several form filing deadlines for Income Tax Return extended till September 30 An official release of the Income Tax department said, “Considering the difficulties being faced in issuing and amending Form no 3, which is a prerequisite for making payment by the declarant under Vivad se Vishwas Act, it has been decided to extend the last date of payment of the amount (without any additional amount) to 30th September 2021.” New Delhi: In yet another sigh of relief for taxpayers, the Income Tax department has extended the last date for filing of several forms required for the filing of Income Tax Returns to September 30, 2021, from the previous deadline of August 31, 2021.  An official release of the Income Tax department said, “Considering the difficulties being faced in issuing and amending Form no 3, which is a prerequisite for making payment by the declarant under Vivad se Vishwas Act, it has been decided to extend the last date of payment of t...

  Cheque Rule Change: High Value Cheques to Bounce If you don’t Inform Bank, Details Here The RBI had directed banks in India to implement this system of verification starting from January 1, 2021, to safeguard all parties involved from fraud. With the ever-increasing cases of bank fraud in the country, the Reserve Bank of India (RBI) had introduced the Positive Pay System in January of 2021. It was essentially rolled out as a tool designed to detect fraudulent activity. This is done by matching specific information related to the cheque that is issued by you, the issuer, for clearing. As per the new rule, customers who are looking to issue cheques will have to inform their respective banks about the cheque details via net/mobile banking or a physical visit to the branch. If the issuer fails to inform the bank prior to the cheque being issued, then the cheques will bounce. This could prove a hurdle for senior citizens or people who are unfamiliar with ...

  LIC allows policyholders to revive lapsed policies; here’s how it works The policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to certain terms and conditions, LIC said. The Life Insurance Corporation of India (LIC) has launched a special two-month campaign to revive individual lapsed policies, the state-run insurer announced on August 23. The programme – ‘Special Revival Campaign’ – has been launched from August 23 and will continue till October 22, 2021, it said. As part of the campaign, LIC would be offering a concession on late fees as an incentive for policyholders to revive their insurance policies. Here’s how the revival campaign works: The policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to certain terms and conditions, LIC said in a press release. Policies which are in a lapsed condition during the premium paying term and not completed...

  Center issues new Travel Advisory, appeals to states to remove the obligation of negative Kovid report The states have been appealed not to ask for RTPCR test from those who have certificates to get the vaccine.  Also, those who were Kovid-19 positive till 14 days ago should also be exempted. New Delhi: The   central government has once again clarified about the Kovid protocol for people traveling inside the country.  According to the Ministry of Health, the Center has removed the requirement of Kovid test for inter-state travel.  But if any state has made such a rule at its level, then keep spreading information about it. DO NOT OBLIGE RTPCR TEST It has been said in the advisory that one can travel without any problem by means of air, road and rail transport.  The states have been appealed not to ask for RTPCar test from those who have certificates to get the vaccine.  Also, those who were Kovid positive till 14 days ago should also be exempted...

  COVID-19 vaccine | Serum Institute’s Cyrus Poonawalla says booster dose of Covishield is needed Serum Institute of India (SII) Chairman Cyrus Poonawalla said a third or booster dose of Covishield is needed six months after the second dose of the vaccine. On August 13, Ponawalla said he and several SII employees have taken a third dose of Covishield, AstraZeneca’s vaccine against COVID-19, according to a PTI report. “After six months, the antibodies go down and that is why I have taken the third dose. We have given the third dose to our seven to eight thousand SII employees. For those who have completed the second dose, it is my request to take a booster dose (third dose) after six months,” Poonawalla said, as quoted by the news agency. The SII Chairman said the ideal gap between two doses of Covishield is two months, as against the 12-16 week gap mandated by the government. He also said he was not in favour of mixing two difference vaccines. “I am against the mixin...

  Ration Card: Ineligible ration beneficiaries will be shocked, the government is going to take a big step, know what is the reason? Ration Card: The ineligible ration beneficiaries are now going to get a setback from the government, because the government will no longer give ration to the ineligible.  Many people who are financially prosperous are also taking advantage of this scheme. Ration Card:   If you are also getting the benefit of free ration given by the government, then this news is very important for you.  The government is soon going to make a big change in the ration card scheme, so that the ineligible are not able to take advantage of it.  Whoever is the right beneficiary, its benefit should reach to him.  The format for changing the standard is also almost complete.  Several rounds of meetings have also been held with the states in this regard. Financially rich people are also taking advantage of the scheme According to the Departme...

  Tax filing date extended to Sept 30, but not for all! The last date for filing income tax returns (ITR) has been extended up to September 30, 2021 from July 31, 2021. Even in the previous financial year, it was extended up to January 10 to provide relief to individuals. The due date relaxations were given to reduce compliance burden for individuals in the aftermath of the pandemic. Along with the extension of the ITR filing deadline, the  belated / revised  ITR filing deadline has been extended as well from Dec 31, 2021 to Jan 2022. However, there is a catch. The same circular which extended the ITR date also carried this clarification. “Clarification 1: It is clarified that the extension of the dates as referred to in clauses (9), (12) and (13) above shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds one ...

  Bank Holidays: Banks will be closed in these cities for 6 days in the next 10 days, check this list of RBI holidays BANK HOLIDAYS: IF YOU HAVE ANY IMPORTANT WORK RELATED TO THE BANK IN THE COMING DAYS, THEN THIS NEWS CAN BE USEFUL FOR YOU. New Delhi.   If you have any important work related to the bank in the coming days, then this news can be useful for you.  In the coming 10 days in this month, banks will be closed for 6 days.  However, online banking services and ATM services will remain operational during this period.  Let us tell you that RBI issues a list of bank holidays for different zones in different states due to local festivals there.  As per the list of Reserve Bank of India (RBI), 15 holidays were allotted for the month of August 2021.  This includes two Sundays and a fourth Saturday. Know when and where banks will be closed, so let us know when and where banks will remain closed in the coming days.  So that by seeing the list...

  Share Allotment Process: Despite applying continuously, no shares were received from IPO?  Know what is the allotment process Share Allotment Process: It is important to know that what is the process of allotment in IPO so that next time while applying for IPO, you can increase your chances of getting your name in the lucky list. IPO Allotment Process:   Most of the people complain that they apply for IPO of every company but they are never allotted shares.  This happens when the reserve portion gets oversubscribed.  Oversubscribed is the situation when the company has received applications for more shares than the number of shares the company has issued IPO.  In such a situation, the number of shares applied for is not available and many applicants do not get even a single share.  In such a situation, it is important to know what is the process of allotment in IPO so that next time while applying for IPO, you can increase your chances of gettin...

  Road Transport Ministry made changes, now police will not be able to send challans by taking photographs for breaking traffic rules, know the rules New Delhi.   For breaking the traffic rules, the traffic police will not be able to send the challan to the driver of the vehicle by simply taking a photo.  The Ministry of Road Transport has changed the rules to strictly follow the traffic rules.  Now the police will have to compulsorily do the footage ie recording to challan the driver who breaks the traffic rules.  For this, the transport department and state police will install digital devices at intersections, roads and highways.  The Ministry of Road Transport has identified 132 cities in the country, where traffic rules will be strictly followed by installing digital equipment. At present, the traffic police sends challans by taking photographs from the camera for violating several categories of traffic rules.  In this, many times the owner of...

  E-Vouchers Will Now Attract 18 Per Cent GST; Check What This Means To You This ruling will also impose a tax of 18 per cent on all the E-vouchers, whether identifiable or not on the issuance of such vouchers. New Delhi:  Expanding the scope of taxation, the tax department will now levy GST on the supply of e-vouchers thereby bringing even exclusive marketing companies under the tax net. GST ON E-VOUCHER In a recent ruling the Authority for Advance Ruling, Karnataka brought supplies of e-vouchers made by marketing firms liable for 18 per cent GST terming these instruments as part of overall supply of goods and service having an underlying value that is taxable. The order will now make marketing companies buying and supplying e-vouchers taxable at the specified rate on the value of purchase of such vouchers. This ruling will also impose a tax of 18 per cent on all the E-vouchers, whether identifiable or not on the issuance of such vouchers. This will lead to accumulation of ta...

  Explained – How to file Income Tax Return online without Form 16 Even if a salaried has not received FORM 16 from the employer, he/she can still e-file the Income Tax returns based on the following points. New Delhi: For every salaried individual, FORM 16 is one of the most documents that takes care of the taxable income and TDS components. Thought every employer mandatorily provides a Form 16 to its employees, it many so happen in some rare case that the employee might not have got the IT form. However, even if the employee has not received FORM 16, he/she can still e-file the Income Tax returns. You can file your ITR on based on the following points:  Check details on pay slip Check your salary slip for the entire financial year that you are filing your ITR for. Your salary slip will contain details of your in hand salary, gross salary, and other details on PF, medi-claim, TDS deductions. Refer to Form Form 26AS Refer Form 26AS for tax deduction details and match it with y...

  Good News!  JioPhone Next, the cheapest smartphone to be launched on September 10, is equipped with strong features JioPhone Next can be the cheapest Android phone ever and it has been prepared in partnership with Google. Reliance Jio recently unveiled its entry-level Android smartphone JioPhone Next at its 44th 'Reliance AGM 2021'.  The company has launched this smartphone under the agreement with Google.  Along with the announcement of this phone, the company had also disclosed its design.  Along with this, it was also made clear that the cheapest Android smartphone JioPhone Next will knock on September 10 in India.  However, its features were not officially disclosed.  But now where there are only a few days left for its launch, some of its special features have been revealed. According to the report of XDA Developers, JioPhone Next will be the cheapest Android smartphone not only in India but globally.  It can be offered on Android 11 Go Edi...

  Notice will come within 15 days of breaking traffic rules, notification issued New Delhi.   According to the new notification of the Ministry of Transport, the State Enforcement Agencies will have to send a notice to the offender within fifteen days of the commission of the offense related to the violation of traffic rules and electronic record till the disposal of the challan. should be stored. The Ministry of Road Transport and Highways has issued a notification under the amended Motor Vehicles Act 1989 for electronic monitoring and enforcement of road safety, in which electronic devices will be used for issuing challans. The electronic record will be stored till the settlement of the challan. “Intimation of the offense shall be sent within fifteen days of the occurrence of the offense and the electronic record collected through electronic surveillance should be stored till the settlement of the challan,” the Ministry of  Stores  tweeted. " Under the new rul...