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NEW YEAR,
NEW RULES
[ A dir ect impact on your budget]
VINODKAGRAWAL&ASSOCIATES,CA
From January 1, new rules will apply to these
10essential things, which will have a direct
impact on your budget. For all the important
things like tax, electricity, road, mobile, car
and banking
KNOW HERE
WHAT NEW
RULES ARE
GOING TO
APPLY:
1.CHECK PAYMENT
From January 1,2021, the rules related to check
payments will change.
According to the new rule, positive pay system
(positive payment system) will be applicable for
checks paying more than Rs50,000.
Positive Pay System is an automatic tool that will
check fraud cases through checks.
2. ELECTRICITY
From 1January, the Ministry of Power is preparing to
implement new rules for consumers.
Where electricity distribution companies will have to
provide electricity on a fixed time basis.
According to the rule, these companies will have to
provide electricity connection within 7 days in urban
area, 15days in municipal area and in rural areas
within one month.
3. GST RETURN RULES
From 1January, the Ministry of Power is preparing to
implement new rules for consumers.
Where electricity distribution companies will have to
provide electricity on a fixed time basis.
According to the rule, these companies will have to
provide electricity connection within 7 days in urban
area, 15days in municipal area and in rural areas
within one month.
4. FASTAG REQUIRED
ON VEHICLES
Fastag will be required on vehicles to cross the toll
from 1January 2021.
Drivers who cross the national highway toll without
fastag will have to pay double the charge. All lines
will be fastagged from 1January.
It will be necessary to keep at least Rs150 in Fastag
account, otherwise, Fastag will be blacklisted.
5. BUYING A CAR WILL
BE EXPENSIVE
Buying a car will become very expensive from January
1,automobile companies are increasing the price of
cars from January.
Some companies have announced increase in the
price of vehicles. This includes companies like Maruti
Suzuki, Ford India and Kia Motors.
6. RULES FOR INVESTMENT
IN MUTUAL FUNDS
SEBI has changed the rules for asset allocation for
multi-cap mutual funds.
According to the new rules, 75 per cent of the funds
will now be required to invest in equity, which is
presently a minimum of 65 per cent.
The structure of multi-cap funds will change. Funds
will be required to invest 25-25 per cent in midcap
and small-cap. At the same time, 25 per cent will
have to be applied in large-cap.
7. CALLS FROM LANDLINE
WILL REQUIRE ZERO
To make a call on a mobile phone from a landline, now
it will be necessary to apply zero. This will help the
telecom companies to make more numbers.
TRAIhad recommended 'zero' (0) before the number
on 29 May 2020.
8. W H A T S A P P WILL N O T
W O R K IN S M A R T P H O N E
From 1January, 2021 WhatsApp will stop working in
some smartphones. It includes both Android and
iPhone.
WhatsApp will not support old version software. It
includes both Android and iPhone.
9 . TERM PLAN WILL BE ABLE
T O B U Y A T L O W P R E M I U M
IRDAI has directed the insurance companies to
introduce a standard term life insurance after
introducing a standard regular health insurance plan
called Arogya Sanjeevani.
In the new insurance plan, there will be an option to
buy a term plan for a lower premium.
Along with this, the terms and the amount of cover in
the policy of all insurance companies will be the same.
From January 1,2021 you may have to pay an extra
charge for transactions from Amazon Pay, Google Pay
and Phone Pay.
NPCI has decided to impose additional charges on the
UPI Payment Service (UPI Payment) run by third party
app providers from 1January, 2021.
10.THERE WILL BE A D D I T I O N A L
C H A R G E O N UPI P A Y M E N T
THANKYOU
visitour sitefor more details:
https://cavkagrawal.business.site/

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New rules from 1st January

  • 1. NEW YEAR, NEW RULES [ A dir ect impact on your budget] VINODKAGRAWAL&ASSOCIATES,CA
  • 2. From January 1, new rules will apply to these 10essential things, which will have a direct impact on your budget. For all the important things like tax, electricity, road, mobile, car and banking
  • 3. KNOW HERE WHAT NEW RULES ARE GOING TO APPLY:
  • 4. 1.CHECK PAYMENT From January 1,2021, the rules related to check payments will change. According to the new rule, positive pay system (positive payment system) will be applicable for checks paying more than Rs50,000. Positive Pay System is an automatic tool that will check fraud cases through checks.
  • 5. 2. ELECTRICITY From 1January, the Ministry of Power is preparing to implement new rules for consumers. Where electricity distribution companies will have to provide electricity on a fixed time basis. According to the rule, these companies will have to provide electricity connection within 7 days in urban area, 15days in municipal area and in rural areas within one month.
  • 6. 3. GST RETURN RULES From 1January, the Ministry of Power is preparing to implement new rules for consumers. Where electricity distribution companies will have to provide electricity on a fixed time basis. According to the rule, these companies will have to provide electricity connection within 7 days in urban area, 15days in municipal area and in rural areas within one month.
  • 7. 4. FASTAG REQUIRED ON VEHICLES Fastag will be required on vehicles to cross the toll from 1January 2021. Drivers who cross the national highway toll without fastag will have to pay double the charge. All lines will be fastagged from 1January. It will be necessary to keep at least Rs150 in Fastag account, otherwise, Fastag will be blacklisted.
  • 8. 5. BUYING A CAR WILL BE EXPENSIVE Buying a car will become very expensive from January 1,automobile companies are increasing the price of cars from January. Some companies have announced increase in the price of vehicles. This includes companies like Maruti Suzuki, Ford India and Kia Motors.
  • 9. 6. RULES FOR INVESTMENT IN MUTUAL FUNDS SEBI has changed the rules for asset allocation for multi-cap mutual funds. According to the new rules, 75 per cent of the funds will now be required to invest in equity, which is presently a minimum of 65 per cent. The structure of multi-cap funds will change. Funds will be required to invest 25-25 per cent in midcap and small-cap. At the same time, 25 per cent will have to be applied in large-cap.
  • 10. 7. CALLS FROM LANDLINE WILL REQUIRE ZERO To make a call on a mobile phone from a landline, now it will be necessary to apply zero. This will help the telecom companies to make more numbers. TRAIhad recommended 'zero' (0) before the number on 29 May 2020.
  • 11. 8. W H A T S A P P WILL N O T W O R K IN S M A R T P H O N E From 1January, 2021 WhatsApp will stop working in some smartphones. It includes both Android and iPhone. WhatsApp will not support old version software. It includes both Android and iPhone.
  • 12. 9 . TERM PLAN WILL BE ABLE T O B U Y A T L O W P R E M I U M IRDAI has directed the insurance companies to introduce a standard term life insurance after introducing a standard regular health insurance plan called Arogya Sanjeevani. In the new insurance plan, there will be an option to buy a term plan for a lower premium. Along with this, the terms and the amount of cover in the policy of all insurance companies will be the same.
  • 13. From January 1,2021 you may have to pay an extra charge for transactions from Amazon Pay, Google Pay and Phone Pay. NPCI has decided to impose additional charges on the UPI Payment Service (UPI Payment) run by third party app providers from 1January, 2021. 10.THERE WILL BE A D D I T I O N A L C H A R G E O N UPI P A Y M E N T
  • 14. THANKYOU visitour sitefor more details: https://cavkagrawal.business.site/