These 10 rules will change from tomorrow, know what will be the effect on your pocket? - Newztezz Online


Wednesday, September 30, 2020

These 10 rules will change from tomorrow, know what will be the effect on your pocket?


New Delhi: Amid the Corona virus crisis in the country, a lot is changing from October 1, i.e. tomorrow. This festive month is bringing many changes with it. Many of these changes are directly related to your pocket. Some things will be cheaper while some are expected to be more expensive. The tension of having a driving license-RC will end from tomorrow. Shopkeepers will not be able to sell old sweets. Not only that, TCS will also be cut in sending money out of the country. There are also changes to other rules, including banking and motor vehicles. Many rules are changing from tomorrow, including motor rules, LPG and Ujjawala scheme. It is important that you know this in advance ...

Shoppers can't sell old sweets

The law has been tightened by the government regarding open sweets sold in the market. Now the sweet shopkeeper has to give a time limit for its use. Customers will have to state the time limit for how long the sweets will be used. Food regulator FSSAI has made it mandatory from 1 October 2020. The FSSAI has made it mandatory for consumers selling food items to show a deadline on open desserts from October 1st.

Buying a TV will be expensive

It will also be expensive to buy a TV from tomorrow i.e. October 1. The government has decided to abolish the 5 per cent customs duty on open cell imports used in TV manufacturing. For which the government had given one year exemption, which will end on 30th September i.e. today. This will increase the price of a 32-inch TV by Rs 600 and a 42-inch TV by Rs 1,200 to Rs 1,500. So buying a TV from October 1 will be expensive.

LPG gas cylinders can be cheaper

At the beginning of every month, government companies revise the prices of LPG and natural gas. In September, prices of 14.2 kg and 19 kg gas cylinders were reduced. However, it is expected that LPG prices may come down in October. The government can give its benefits to consumers during the festive season. This is the reason why LPG prices are likely to fall in October.

Motor vehicle rules will change

The Ministry of Road Transport and Highways has given information to amend the rules of motor vehicle. After which, from October 1, the government-run web portal will be able to maintain the required documents related to vehicles such as licenses, registration documents, fitness certificates, permits. You can now execute by showing a digital copy. The web portal will also have records of offenses like e-challan including license and registration suspension, compounding and revocation.

These are the things to keep in mind while driving

From October 1, mobile or other handheld devices can be used while driving, the Ministry of Road Transport and Highways said. But it should only be used to see the route. Care should also be taken not to distract the driver while using the mobile. However, a fine of Rs 1,000 to Rs 5,000 can be levied for talking on a mobile while driving.

LPG cylinder not available for free

The free gas cylinder under the government's popular scheme Pradhan Mantri Ujjawala Yojana expires on September 30, 2020. The government provides free LPG connections to the poor under this scheme. Free cylinders were also provided under the scheme due to Corona. Its date was extended from April to September. Subsidized LPG cylinders and commercial gas rates will also be revised on October 1.

Tax will be levied on this transaction

The central government has come up with a new rule to levy tax on remittances. In such a case if you send money to your child studying abroad or help a relative financially, you will have to pay 5% tax collected at source (TCS) additional tax on the amount. According to the Finance Act 2020, a person who sends money abroad has to pay TCS under the Reserve Bank of India's Liberalized Remittance Scheme (LRS). Under the LRS you can send 2.5 2.5 million annually, at no tax. TCS has to be given to bring it under tax maintenance.

Getting a driver's license will be easy

The Ministry of Road Transport and Highways said that it has issued a notification regarding all the amendments made in the Motor Vehicle Rules 1989, which include portal related vehicles from October 1, 2020 to better monitor and enforce motor vehicle rules. Documents and e-invoices can be maintained. Under the new rules you will no longer need more documents to get a driver's license. The central government has relaxed the rules for making driving licenses.

More facilities will be available under health insurance

There is going to be a big change in the health insurance policy under the rules of the insurance regulator IRDAI. From October 1, all existing and new health insurance policies will have more disease cover available. This change is being made to make the health insurance policy standard and customer centric. It also includes many other changes. IRDAI has made changes to the rules that will benefit the people. Apart from this, companies will not be able to reject claims at will.

Financial services will be available sitting at home

The bank is now offering financial services to its customers like sitting at home checks, demand drafts, pay order picking. However, now, in addition to withdrawing Form-15G and 15H, the facility of deposit of income tax or GST, delivery of account statement request, term deposit receipt will be made available to the customers sitting at home to save tax on FD interest. Financial services will be available at home from tomorrow after the launch of the door step banking service.

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