Technodealz - Technology Updates & News

  The government argued that this will safeguard the electoral process and stop bogus voting. However, the opposition cited the possible misuse of the information. The Election Laws (Amendment) Bill 2021 has been passed in the Lok Sabha, and is being discussed in the Rajya Sabha. This bill aims at linking a person’s Aadhaar credentials with the electoral process. The bill has a provision whereby the new applicant may voluntarily provide Aadhaar number along with the application for the purpose of identity. No application will be rejected on the grounds that Aadhaar number has not been provided. The government argued that this will safeguard the electoral process and stop bogus voting. However, the opposition cited the possible misuse of the information and the right to privacy. Leader of the Congress Party in Lok Sabha, Adhir Ranjan Chowdhury demanded the Bill be sent to the standing committee. Meanwhile, AIMIM chief Asaduddin Owaisi said that the Centre is curtailing the independe...

  If an individual makes high-value cash transactions, there is a strong possibility that he/she might get a notice from Income Tax Department. The different cash-related transactions include banks, mutual fund houses, brokerages, and property registrars If an individual makes high-value cash transactions, there is a strong possibility that he/she might get a notice from Income Tax Department. The different cash-related transactions include banks, mutual fund houses, brokerages, and property registrars. The high-value transactions must be always reported to the income tax department if the value surpasses a particular threshold. The Income Tax Department has settlements with multiple government agencies to obtain financial records of individuals who indulge in high-value transactions but do not report them on their tax...

  13 states have prepared the draft for the New Wage Code.  The Central Government has also finalized the rules under these laws.  The new law will affect the take home salary. New Delhi: The   central government is going to implement all the four labor laws (New Wage Code).  It is likely to be implemented by the next financial year.  As soon as this law is implemented, there will be a change in the Take Home Salary and PF Structure.  Salary will be less than before.  Four labor laws on wages, social security, industrial relations, business security, health and working conditions may be implemented by the next financial year. 13 STATES PREPARED THE DRAFT Giving information about this, a senior official said that at least 13 states have prepared the draft rules for these laws.  The Central Government has finalized the rules under these laws and now the states have to make rules on their behalf because labor is a subject of the Concurrent ...

  HRA Taxation: Due to the Corona epidemic, the Income Tax Department has extended the last date for filing personal income tax return for the assessment year 2021-22 to 31 December 2021, which was earlier 31 September 2021.  How to save tax on HRA If you want to save tax New Delhi: HRA Taxation:   Due to the Corona epidemic, the Income Tax Department has extended the last date for filing personal income tax return for the assessment year 2021-22 to 31 December 2021, which was earlier 31 September. It was 2021. HOW TO SAVE TAX ON HRA  In such a situation, if you are trying to save tax, then definitely know about how to save tax on HRA.  HRA is the allowance given by the company to the salaried class, it is fully taxable.  We are going to tell you how you can save this tax.  According to the Income Tax Act, HRA is exempted under section 10 (13A).  Total taxable income is calculated by deducting HRA from total income.  Keep in mind that if...

  If you have also opened multiple bank accounts, then there is news of work for you.  You may suffer financial loss from multiple bank accounts. New Delhi:   If you also have more than one bank account, then definitely read this news.  With multiple bank accounts, you can suffer financial loss as well as many other losses.  Tax and investment experts also recommend keeping a single account, saying that having a single bank account makes it easier to file returns.  Let us know the drawbacks of having more than one account.  WHAT ARE THE DISADVANTAGES? If you maintain an account in many banks, then the first disadvantage is about the maintenance.  Actually, every bank has its own separate maintenance charge, debit card charge, SMS charge, service charge, minimum balance charge.  That is, the number of banks in which you have accounts, you will have to pay different charges for it.  Also, if the minimum balance is not maintained, then...

  How to Close Bank Account: If you have an old bank account, which you do not use, then close it immediately.  If not, you may have to pay extra charge. New Delhi.  Many people have more than one bank account.  This mostly happens with those people who work somewhere and due to transfer or change of company, bank account also has to be changed.  In such a situation, people start making transactions in the new account and the use of the old account is stopped.  In such a situation, if there is no salary credit in the zero balance salary account of the customers for a few months, banks convert it into a savings account, in which customers have to pay extra charge for not maintaining the minimum balance.  Hence there is a need to close such account immediately.  YOUR LOSS MAY BE If something similar happens to you, then you should close your old bank account immediately.  Failure to do so will only harm you.  Let us tell you today how you ...

  The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months from the close of business on December 6, 2021 and are subject to review, the Reserve Bank said in a statement. Mumbai: The RBI on Monday imposed several restrictions on Nagar Urban Co-operative Bank Ltd, Ahmednagar, Maharashtra, including a cap of Rs 10,000 on withdrawals for customers in the wake of deterioration of its financial position. The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months from the close of business on December 6, 2021 and are subject to review, the Reserve Bank said in a statement. The bank shall not, without prior approval of RBI, grant or renew any loans and advances, make any investment, incur any liability, disburse any payment, transfer or otherwise dispose of...

  Check Your Name In Voter List: Legislative Assembly elections are going to be held in many states.  In such a situation, you can easily check your name in the voter list sitting at home within minutes.  Let's know the easy way.  New Delhi:   Legislative assembly elections are about to be held in many states.  Elections are to be held in big states like Uttar Pradesh and Madhya Pradesh.  If elections are going to be held in your state, then it is necessary for you to have a voter ID card.  Otherwise you will not be able to exercise your franchise. Therefore, you must check your name in the voter list once in time.  Now you do not need to go anywhere to check your name in the voter list.  You can easily check it sitting at home.  HOW TO CHECK YOUR NAME IN VOTER LIST To check the name in the voter list, you first go to http://sec.up.nic.in/site/PRIVoterSearch.aspx. Now you choose the name of your district here.  Now select ...

  Banking activities on mobile and internet will remain uninterrupted despite the bank holidays and the upcoming proposed strike by banking associations. New Delhi: If you have any important banking work, you must get them done by today, Wednesday (December 15), as the upcoming bank closures might interfere with your activities. Though banking activities on mobile and internet will remain uninterrupted, several bank branches will remain closed on account of bank holidays and the upcoming proposed strike by banking associations in the coming week of this month. Bank unions have called for a two-day strike starting December 16, to protest against the proposed privatisation of banks. Banks will be closed for two-day strike on December 16 (Thursday) and December 17 (Friday). However, you must note that the  banks will NOT be closed for 4 days in all states or regions.  This is the total number of days when banks in different parts of the country will ...

  If you do not feel like traveling during the journey, then no one can disturb you. Let us tell you what are the rules of railways… Indian Railways is called the life line of India. About 40 crore people travel in trains every day. While traveling in trains, every passenger wants their journey to be comfortable and pleasant, but it is often seen that people have to face problems regarding noise, ticket checking or seat in trains. If you do not feel like traveling during the journey, then no one can disturb you. Let us tell you what are the rules of railways… According to the rules of Indian Railways, if you are sleeping during the journey, then even TTE cannot pick you up. If a passenger is traveling in the train since morning, TTE cannot disturb you after 10 pm. That is, TTE cannot ask passengers to show tickets or IDs after 10 pm. The TTE has the right to check the tickets of the passengers only between 6 am to 10 pm. Passengers who are traveling since morning, TTE can also wake...

  People often have many questions regarding EPFO ​​rules- Employees Provident Fund (EPF).  Like when can they withdraw their money.  What are the pros and cons of withdrawing money. EPFO rules: There are often many questions in people's mind regarding Employees Provident Fund (EPF).  Like when can they withdraw their money.  What are the pros and cons of withdrawing money.  How to transfer EPF account.  But, do you know that your PF account can also be closed automatically.  If this happens, the money deposited in your PF can get stuck.  That is why it is important that you must know the rules of EPFO. WHEN DOES YOUR EPF ACCOUNT GET CLOSED? If your old company is closed and you did not transfer or withdraw the money to the new company, then the account can be closed.  However, for this, action is taken only if there is no transaction for 36 months.  Meaning, the inoperative account (EPF Inactive account) also remains active for a t...

  LIC Dhan Rekha Policy: Life Insurance Corporation of India is one of those insurance companies in the country, in which it is considered safe to invest.  This company is run by the government and keeps on offering the best plans from time to time. New Delhi: LIC Dhan Rekha Policy:   Life Insurance Corporation of India ie LIC has been offering great plans for customers from time to time.  LIC is one of those insurance companies in the country, in which investment can be made without risk, that is, the investment made here is considered safe.  Actually, this company is run by the government.  Now LIC has introduced a tremendous plan.  Let us know about this plan.  LIC DHAN REKHA POLICY LIC has told that the name of this insurance policy is 'Dhan Rekha'.  In this, a fixed part of the Sum Assured will be given as survival benefit at regular intervals, provided the policy is in running condition.  That is, this scheme is going to give ...

  Strict adherence to Covid-appropriate behaviour at all places and times must be rigorously enforced and aggressively monitored, the Centre told states and UTs. New Delhi:  The central government has suggested more curbs, including night curfews in districts recording high Covid positivity rate in past two weeks, to the states. In a letter to Chief Secretaries/Administrators of all states/UTs, Union Health Secretary Rajesh Bhushan said that 27 districts in 10 states/UTs, which have been reporting high Covid positivity rates in the past two weeks, need to be monitored very closely. With the recent trend of sustained and overall decline in Covid-19 cases in the country, we are critically placed in our fight against the pandemic. Eight districts in three states have been reporting more than 10 per cent positivity rates in the past two weeks. As many as 19 districts in seven states and union territories (UTs) have been reporting positivity rates between 5 per cent and 10 per cent...

  The last date to save tax for the financial year 2021-22 is March 31, 2022. With a little more than three months away from completing your tax planning exercise for the assessment year 2022-23, you should get going if you haven’t yet started the tax saving process. While there are several options to save tax under the existing tax regime, there is also the new tax regime (NTR) that you might have already opted for. If you have opted for NTR for FY 2021-22, even though tax concessions are not allowed, you may still save tax, which we will look at later on. Meanwhile, if you are sticking with the old or the existing tax regime, the most common tax saving options fall under Section 80C of the Income Tax Act. Some tax savers or expenses such as investment in PPF, NSC, ELSS, Life insurance including tuition fees for children or principal payments of home loan EMI are the tax deductions that you can avail of. However, as the upper limit is Rs 1.5 lakh per FY, most taxpayers exhaust thi...