Technodealz - Technology Updates & News

  Many people encounter challenges when trying to withdraw their EPF funds. One common reason is the rejection of EPF claims due to discrepancies between the details in the EPFO records and the information provided by the EPF account holders, or incomplete KYC records. There are reports of EPF members encountering problems with their withdrawal claims, primarily due to discrepancies between the information in the EPFO records and the details provided by the member. These discrepancies may involve variations in name, date of birth, PAN, Aadhaar, or incomplete KYC information. To facilitate a seamless withdrawal process, please verify the details associated with your  EPF account  on the EPFO Member Sewa portal before submitting a claim. Rectify any discrepancies and ensure your KYC information is complete if needed. Update your information regularly Maintaining updated information in your EPF account is essential for a hassle-free experience when submitting claims or trans...

  NSC small savings scheme interest rate latest update: The Post Office National Savings Certificates (NSC), also known as the NSC small savings scheme, turns a one-time investment of Rs 10,000 into Rs 14,490 over a maturity period of five years, according to the India Post website, indiapost.gov.in. Going by the same calculation, a sum of Rs 50,000 invested in this guaranteed, government-backed scheme grows into Rs 72,452 (principal of Rs 50,000 and interest of Rs 22,452) in the five-year period. One can invest any amount in multiples of Rs 100 starting at Rs 1,000 in this post office certificate scheme without any upper limit. For the final quarter of FY24, the NSC scheme delivers a return of 7.7 per cent compounded annually and payable at maturity. Read on to know more about this investment plan. National Savings Certificate (NSC) interest rate calculation : Did you know that the National Savings Certificate small savings scheme is a fixed-income certificate investment...

  NHAI urged FASTag customers to complete the KYC process to avoid deactivation of FASTag payment service from April 1. Those FASTag accounts that fail to comply will be deactivated or blacklisted after the window closes FASTag KYC: The National Highways Authority of India (NHAI) has urged vehicle owners to complete their FASTag KYC process before April 1. People are advised to update their FASTag KYC details from their respective banks before the impending deadline of March 31. Failure to comply with this requirement may result in the deactivation or blacklisting of their FASTag accounts, regardless of their account balance. Also read:  Alert! NHAI asks Paytm users to switch to another bank FASTag before THIS date As per the rules of the Reserve Bank of India (RBI), NHAI launched the ‘One Vehicle, One FASTag’ campaign to bring transparency and reduce the waiting time at toll plazas for collecting the toll through FASTag. This development comes in the wake of recent reports of...

  High-risk cases from AY 2020-21 were verified, with a Preliminary Verification Report estimating income escapement. Cases with Value at Risk are selected for reopening under section 147. The Department has issued additional instructions for handling these cases. The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax Returns filed for Assessment Year 2020-21 (Fiscal Year 2019-20). Meanwhile, the last date to file an updated Income Tax Return for Assessment Year 2021-22 is March 31. Based on the profile, updated and non-updated Income Tax Returns are categorized as ‘High Risk’ under E Verification Scheme 2021. Criteria for selecting such cases include significant financial transactions and higher tax dues besides others. Accordingly, ‘High Risk Cases’ related to Assessment Year 2020-21 have been verified and a Preliminary Verification Report (PVR) estimating the income escapement was submitted by the officers. Post ...

  As the calendar flips to April 1, 2024, heralding the advent of a new business year, a slew of significant financial regulations is poised for overhaul. These impending changes, spanning from Fastag protocols to taxation policies, will have profound implications for individuals and businesses alike. Here's a comprehensive breakdown of the impending alterations: Fastag KYC Becomes Mandatory Effective April 1, 2024, Fastag users must ensure their KYC (Know Your Customer) details are updated by March 31, 2024, to avoid potential disruptions in transactions. Failure to comply with this mandate may result in Fastag deactivation, hindering seamless toll payments. This move, spearheaded by the National Highways Authority of India (NHAI), aims to enhance security measures and streamline Fastag operations. Compulsory PAN-Aadhaar Linkage The deadline for linking PAN (Permanent Account Number) with Aadhaar Card is March 31, 2024. Failure to complete this linkage by the stipulated date could...

  Toll plaza prices will increase from April, highway travel will become expensive, see rate list Toll plaza prices will increase from April 1st. The increased rates will be applicable from 12 midnight on March 31 (April 1). Highway travel has become expensive. See how much you will have to pay now – Now there will be additional burden on the passengers traveling on the national highways passing through the capital Lucknow. Because the National Highway Authority of India (NHAI) has increased the toll tax. The increased rates will be applicable from 12 midnight on March 31 (April 1). This will directly impact the traffic jam of drivers of about three lakh small and heavy vehicles passing through the district. Changes have been made in toll tax after getting the approval of the Road and Transport Ministry. As a result, travel on the three national highways connecting the capital became expensive from April 1. NHAI collects at Nawabganj on Kanpur Highway, Ahmedpur on Ayodhya Highway, ...

  Changes in ITR Form V and Acknowledgement for A.Y 2024-25: Amendments in Income Tax Provisions Changes in ITR form V and Acknowlegement for A.Y 2024 25 as per the amemdments in the provisions of the Income tax Act, 1961 and In the Income tax Rules, 1962 in consequence of the Finance Act, 2023

  The deadline to link your PAN card with your Aadhaar card is fast approaching! As of March 26, 2024, you have only a few days left to complete this mandatory process. Failing to do so could result in penalties and limitations on your financial transactions. This article provides a clear and concise guide on why linking your PAN with Aadhaar is crucial, the potential consequences of not linking them, and the simple steps to get it done online. The Indian Income Tax Department mandates linking your PAN card (Permanent Account Number) with your Aadhaar card (unique identification number) for several reasons: Curbing Tax Evasion:  Linking these two documents helps the government identify and track individuals’ financial activities, reducing the scope for tax evasion. Streamlining Processes:  A linked PAN-Aadhaar simplifies tax filing, verification, and other financial transactions. Enhanced Security:  Linking reduces the risk of identity theft and misuse of PAN cards. ...

  Paytm FASTag Recharge: Now recharge FASTag from Paytm app, and buy new FASTag, know the process Paytm FASTag Recharge: After the action of RBI on Paytm Payments Bank, it has become difficult for Paytm users. On the other hand, NHAI had also issued new rules regarding Fastag. If you use Paytm and are worried about recharging Fastag, then do not worry. Here we are telling you how to recharge Fastag from Paytm. Paytm users are in a lot of confusion ever since the Reserve Bank of India (RBI) has taken action against Paytm Payments Bank. Many people also recharge Fastag through Paytm. There is relief news for Paytm users amid the ban on Paytm Payments Bank. If you are a Paytm user then you can easily recharge Fastag. Apart from this, Paytm is also giving the option to buy a new Fastag. Overall, Paytm has removed the problem of recharging Fastag and purchasing a new Fastag. HDFC Bank will help you in purchasing new Fastag from Paytm. Paytm has started the facility of Fastag recharge di...