new Delhi. In the midst of the Corona epidemic, many new regulations were implemented, which were changed several times. Many rules and things are going to change from today (October 1) which will have a direct effect on you. Many things of the common man will change everyday. Since October 1, LPG and nature gas prices, health insurance, banking, TCS (Tax Collected at Source) and motor vehicles are changing many other rules when sending money abroad. You also know which rules are changing and where you are going to benefit.
These rules will apply to the confectioner from October 1:
From 1 October onwards, local sweets shops will also have to display information such as the ‘date of manufacture’ and the appropriate period of use ‘for the sweets kept for sale in layers and boxes. That is, now the sweet shopkeeper will have to give a time limit for the use of sweets. For how long it will be used properly, consumers will have to give information about its deadline. Also, in a letter to the Commissioner of Food Safety of all states and union territories, the Food Safety and Standards Authority of India has stated, the complete ban on the mixing of mustard oil with any other edible oil in India from October 1, 2020. Will be.
Motor vehicle rules will change
From October 1, essential vehicle related documents such as licenses, registration documents, fitness certificates, permits etc. can be maintained through the government-run web portal. The Ministry of Road Transport and Highways has issued a notification regarding all the amendments made in the Motor Vehicles Rules 1989, which include vehicle related documents and e-mail through the portal from 1 October 2020 to better monitor and enforce the Motor Vehicles Rules. – The challan can be maintained. Now you can run the work by showing digital copy only. Records of crimes such as compounding, impounding, endorsement, license suspension and revocation, registration and e-challan will also be available through this electronic web portal. Now under the new rules of the Motor Vehicles (Amendment) Act, you will not need more documents to get a driving license. The central government has eased rules to get DL created.
Will be able to use mobile while driving
The Ministry of Road Transport and Highways said that mobile or other hand held devices can be used while driving from 1 October 2020. But it will only be used to view the route. Along with this, care should also be taken that the driver is not distracted while driving using mobile. However, a fine of 1 thousand to 5 thousand rupees can be imposed for talking to mobile while driving.
Financial services will be available from home
Bank customers now only get non-financial services like sitting checks, demand drafts, pick up pay orders. Apart from picking up form 15G and 15H, income tax or GST challan deposited to save tax on FD interest, delivery of account statement request, term deposit receipt is also available to customers at home. It is provided. After the launch of Door Step Banking Service, financial services will now be available at home from October 2020.
Tax will be levied on this transaction
From October 1, an important rule of income tax is going to change in the country. In such a situation, if you send money to your child studying abroad or help a relative financially, then you will have to pay an additional 5% tax collected at source (TCS) on the amount. According to the Finance Act, 2020, under the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India (RBI), the person sending money abroad will have to pay TCS. Explain that under LRS, you can send up to 2.5 million dollars annually, which does not incur any tax, it will have to pay TCS to bring it under the tax net. The Income Tax Department has decided to extend the scope of TCS under section 206C (1G) and also apply it to the Liberalized Remittance Scheme (LRS). Remittance means money sent out of the country. Remittance can be either in the form of expenses (travel, educational expenses etc.) or as an investment. TCS will apply if a remittance of 7 lakh rupees or more is sent by a customer in a financial year from October 1, 2020.
Buying tv will be expensive
Buying TV from October 1 will also become expensive. In fact, the central government government has decided to revoke the 5 per cent customs duty on the import of open cells used in the manufacturing of TVs. For this, the government had given a one-year exemption, which will expire on September 30. This will increase the price of 32 inch TVs by Rs 600 and 42 inch prices by Rs 1,200 to 1,500. Open sale is the most important part for color television. At the same time, television manufacturing in India may be affected by the imposition of duty on import of open cells.
More facilities will be available in health insurance:
There are three major changes in health insurance under the rules of insurance regulator IRDAI. From October 1, insurance companies will streamline important product streams in their policies so that customers can easily understand them and do a comparative study of various products of all insurers. At the same time, the second change is to ensure insurance coverage for telemedicine, which is important in these times of personal distances nowadays. Along with this, the third change will be on the claim. Insurance companies have to provide claims easily.
LPG prices may decrease
At the beginning of every month, the government companies revise the price of LPG and natural gas. On October 1, new rates of non-subsidized LPG cylinders and commercial gas will be fixed. Last month, the price of 14.2 kg and 19 kg gas cylinders was reduced in September. It is expected that LPG prices may come down in October.
LPG cylinder will not be free
Under the Prime Minister Ujjwala Yojana (PMUY), the process of getting a gas connection for free is ending on 30 September 2020. Let us know that under this scheme, Modi government gives free LPG connection to the poor. Due to Corona, free cylinders were also given under this scheme. Its date was extended from April to September.
Facebook may ban news content sharing
The sharing of news on social networking site Facebook and Instagram may be stopped from 1 October 2020. Facebook itself has made such a decision. New service conditions are coming into force for Facebook and Instagram from October 1. A new service condition has been released by Facebook. Under the new Terms of Service, Facebook may prohibit any publisher or anyone from sharing local or international news on the platform of Facebook or Instagram. Facebook’s new Terms of Service will apply to all countries of the world. Facebook does not remove content related to news from its platform.
Travelers traveling with GoAir Airlines take note
If you are going to travel from Delhi to GoAir flight in the coming days, then this information is very important for you. GoAir Airlines has announced that from October 1, 2020, all domestic flights to and from the airlines from Delhi will be operated from Terminal 2 of Delhi Airport.
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