Technodealz - Technology Updates & News

  For the payment of late fees of Rs 1,000, now you will have to select AY 24-25 and the type of payment as Other Receipts (500) Read More:-   SCSS to POMIS, 7 investment options for regular pension after retirement. Should you invest? Even as the government has given more time to citizens to link their permanent account number or PAN with Aadhaar till June 30, there is a change in the form that you need to note. The PAN-Aadhaar linking now attracts a late fee of Rs 1,000, and while paying this penalty, there is an option to select the assessment year (AY). The income tax department has updated the AY option here. PAN-Aadhaar Linking Update The income tax department has now changed the option of selecting AY. For the payment of late fees of Rs 1,000, now you will have to select AY 24-25 and the type of payment as Other Receipts (500). Before the earlier deadline of March 31, 2023, you were selecting AY 23-24. How to Link PAN with Aadhaar Via Income Tax Department Por...

  Bank holiday in May 2023:  RBI has clearly mentioned that this will not be uniformly applicable across India and will differ in all states and regions.  Read More: –  India Covid-19 Update: 9,355 Cases, 26 Deaths In 24 Hours, Marginal Dip In New Infections From Yesterday Bank holiday in May 2023:  All the private and public banks around the county will remain closed on certain days in May 2023 as per the details shared by the Reserve Bank of India (RBI). Banks will remain closed for as many as 12 additional days including the second and fourth Saturdays and all Sundays. Bank holidays in May 2023 will differ according to states and regions as some holidays will be observed nationwide public holidays while others will be treated as local holidays. RBI has clearly mentioned that this will not be uniformly applicable across India and will differ in all states and regions. Hence, it is advised to visit the bank branch for any bank-related important work next m...

  The CIBIL report allows banks to have a look at a person’s credit history, including whether the person has been punctual in repaying his/ her previous debt Read More:-   Whole-annuity NPS can fetch OPS-like pension: PFRDA chief There is a large number of people in the country who have taken or are planning to take loans, credit cards or other lines of credit from banks or other financial institutions. While approving loans or credit cards to a borrower, the financial institutions look into the CIBIL score of the person. Here’s what is CIBIL score and why it’s important: What Is CIBIL Score? The CIBIL Score is a three-digit number ranging between 300 and 900. The higher the score, the better it is. Generally, a score above 750 is considered good where the chances of loan approval become higher. This is a numeric summary of a consumer’s credit history and a reflection of the person’s credit profile. It indicates the credit behavior of a borrower. It also reveals whether the p...

  E-Auction:  Public sector banks in India are set to launch an e-auction app that will allow users to access information related to properties from the comfort of their homes. The app will include details such as the property’s location and starting auction amount, allowing buyers to access complete information simultaneously. The move is expected to reduce instances of property fraud while simplifying the buying process. Read More: –  Gold Rates Fall On Friday, April 28: Check Yellow Metal’s Price Today In Delhi, Chennai, Mumbai & Other Cities The app will feature up to five lakh properties available for auction, which have been confiscated by banks from borrowers who were unable to repay their loans. The government banks hope to recover these loan amounts by auctioning these properties through the app. Economic Times reports that senior bank officials estimate they will complete 6 lakh transactions in the next five years, with one lakh auctions included. By logging...

  The offline ITR-1 and ITR-4 forms come after the Central Board of Direct Taxes notified the same in February. Also Read –  Tax Talk: TDS is mandatory when buying property from NRI Even though the income tax department is yet to release the online ITR forms, it has released the offline ITR-1 and ITR-4 forms for filing the income tax return (ITR) for AY 2023-24 or financial year 2022-23. The offline ITR-1 and ITR-4 forms come after the Central Board of Direct Taxes (CBDT) notified the same in February. “Excel utilities of ITR 1 and ITR 4 for AY 2023-24 are available for filing,” according to the income tax department’s website. Also Read– RBI May Scrutinize Proposal To Reappoint Uday Kotak As Non-Executive Director At Kotak Mahindra Bank: Report ITR 1 is for resident individuals (other than those not ordinarily resident) having total income up to Rs 50 lakh, having income from salaries, one house property, other sources (interest etc.), and agricultural income up to Rs 5,...

  Form 16/16A issue date FY 2022-2023 (AY 2023-24): Salaried taxpayers usually file their  Income Tax Returns  (ITRs) based on Form 16 received from their employers. Form 16/16A is the certificate of tax deduction at source (TDS) on the deduction of tax by the employer on behalf of their employees. Read More: –  Online passbook facility of EPFO down Form 16 is generally issued by employers in the first half of June as the last date for  TDS  filing for the quarter ending March 31 is 31st May and employers are required to issue Form 16 within 15 days from such return filing. Thus, salaried individuals will be able to download their Form 16/16A by June 15 and file their returns accordingly for AY 2023-23 (FY 2022-23). “Form 16 is generally issued by the employers in the first half of June as the last day for TDS filing for the quarter ending March is 31st May and Form 16 is to be issued within 15 days from such return filing,” says Dr Suresh Surana, Founder, ...

  Check the latest petrol, and diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on April 24, 2023 Also Read –  Aditya Birla Group company purchases bungalow on Carmichael road in Mumbai for Rs 220 crores Petrol, and Diesel Prices Today:  There was no change to fuel prices in major cities on Monday, April 24, 2023. Except for individual cases, petrol and diesel rates across the country have been steady since May 21 last year, when the previous pan-India revision was announced. However, many cities saw petrol prices above Rs 100 mark. Cities like Bhubaneswar (Rs 103.21), Trivandrum (Rs 109.73), Hyderabad (Rs 109.66) and Patna (107.59) have Petrol prices above Rs 100. Read More:- Why Fixed Deposits In Post Office Might Be A Better Option Than Banks According to government oil companies, petrol has become cheaper by 27 paise to Rs 96.65 a liter in UP’s Gautam Buddha Nagar (Noida-Greater Noida) district this morning. Here diesel is being sold at Rs 89...

  Income Tax Returns (ITRs) must be filed by individuals and salaried employees whose accounts are not required to be audited by July 31 for the FY 2022-23. Taxpayers must submit their  ITR  FY 2022-23 online before the end of the deadline to avoid any fines or penalties. According to the website of the Income Tax Department, the penalty for filing a late ITR is Rs 5,000 but it doubles that amount for later filings. Read More :-  Forgot to inform employer about old tax regime preference? Here’s what you can do Many people assume that filing an ITR is a legal process through which we let know our taxable income to the Income Tax department. But let us tell you that it is more than providing information about our income and expenses. Let’s know about them Avoid Penalty Not filing an ITR by the due date may invite a Rs 10,000 penalty and other consequences per the Income Tax Rules. Under Section 234A of the Income Tax Act 1961, delay in ITR filing can also lead to inter...

  As per the rules and regulations set by the Income Tax Department, individuals are prohibited from possessing or holding more than one  PAN Card . Read More:-   Petrol, Diesel Prices Today: Check Latest Rates On April 22 In Delhi NCR And Other Cities PAN or Permanent Account Number Card is a unique ten-digit alphanumeric identifier issued by the Income Tax Department to individuals, companies, and other entities. The PAN Card is used as a proof of identity and is required for various financial transactions, including opening a bank account, applying for loans, filing income tax returns, and making investments. The   PAN Card  contains information such as the holder’s name, photograph, date of birth, and PAN number. The PAN number is unique to each cardholder and is used as a reference number for all financial transactions. The PAN Card is an essential document for anyone who earns a taxable income in India, and failure to obtain one can result in penalties and...

  B ank Holiday Eid 2023:  In the wake of Eid-ul-Fitr celebrations, public and private sector banks in India will remain shut on Saturday, April 22. In India, bank holidays are divided into two categories – National Holidays and Government Holidays. As per the Reserve Bank of India’s (RBI) holiday calendar, bank holiday for Eid will be observed on fourth Saturday of the month, owing to which public and private lenders in some states will remain sut on April 22. Besides, in some regions, banking operations will remain suspended on Friday, April 21 in view of Id-Ul-Fitr (Ramzan Eid)/Garia Puja/Jumat-ul-Vida. Read More:- IndusInd Bank signs $100-million loan pact with JBIC LIST OF STATES WHERE BANKS WILL REMAIN SHUT ON APRIL 21 Agartala Jammu Kochi Srinagar Thiruvananthapuram Read More:- Third Salary Hike In 18 Months: This IT Company Is Raising The Bar For Others. DEETS INSIDE LIST OF STATES WHERE BANKS WILL REMAIN SHUT ON APRIL 22 Belapur Bhopal Chennai Dehradun Guwahati Hydera...