Thursday, May 19, 2022
HomeFinanceMany big changes are coming in June! New rules related to Income...

Many big changes are coming in June! New rules related to Income Tax, Banking, Investment will apply

Changes from June 2021: Many changes are going to come in your life in the month of June, whose direct connection is connected to your life and your pocket. In June, many rules related to income tax, banking and your investment will change. If seen, the whole month of June is full of changes.




New Delhi: Changes from June 2021: There are going to be many changes in your life in the month of June, whose direct connection is connected to your life and your pocket. In June, many rules related to income tax, banking and your investment will change. If seen, the whole month of June is full of changes. A lot of these changes will start from June 1 and will continue till the end. So let’s take a look at all these important changes one by one. So that you can prepare yourself for this.

1. ITR’s new website will be found
The biggest change is about income tax return – ITR. The new website of ITR will be launched from June 7. From 1 to 6 June you will not be able to use the existing website. Since the old website

www.incometaxindiaefiling.gov.in has to go to the new portal www.incometaxgov.in , the website will remain closed for 6 days. The Income Tax Department has stated that from 1 June 2021 to 6 June 2021, the Income Tax Department’s e-filing service will not work. It is being said that after the arrival of the new website, the experience of filing ITR will change completely. In terms of look and features, it will be quite advanced from the old website.

2. IFSC code will be changed
Canara Bank has asked Syndicate Bank customers to update the IFSC code by June 30. Their old IFSC code will become invalid from 1 July. Canara Bank has stated on its official website that after the merger of Syndicate Bank into Canara Bank, all the Syndicate IFSC code which starts with SYNB has changed.

3. The method of payment from check will change

For Bank of Baroda customers, the mode of payment from check will change from 1 June 2021. Now the bank has made Positive Pay Confirmation mandatory for customers. With the new check payment system, customers can be saved from fraud. Actually positive pay system is a kind of fraud catching tool. According to BoB, customers will have to confirm the details of the check under the positive pay system only when they issue a bank check of Rs 2 lakh or more. This rule will come into effect from 1 June 2021. That is, under this new arrangement of the bank, when a customer issues a check, he will have to give full details to his bank. The bank will cross-check these details before check payment. If any defect is found in it, the bank workers will reject the check.

4. LPG cylinder prices are subject to change
Although the price of LPG is already Rs 809, it is expected that their rates may change on June 1. Oil companies release new prices of LPG cylinders every month. Currently, the price of 14.2 kg cylinder is Rs 809 in Delhi.

5. Change in Interest Rate of Small Savings Schemes
Changes in the interest rates of small savings schemes are also to be done this month. The government reviews the interest rates of small savings schemes every three months. The government had withdrawn the previous rate cut on the very next day, saying that it was a mistake. If interest rates are reduced this time, then those who invest in schemes like PPF, NSC, KVP and Sukanya Samriddhi could get a big blow.

6. Gold Hallmarking Rules
The rules for gold hallmarking were to come into force from 1 June, but the government has deferred it till 15 June, keeping in view the demand of jewelers, the government has also constituted a committee, chaired by the Director General of the Bureau of Indian Standards (BIS). Pramod Tiwari will do. This committee will solve the problems faced in implementing the hallmarking rules and will ensure that the rules are implemented across the country from June 15 without any difficulty. So far, these rules have been postponed 5 times. The central government announced gold hallmarking rules for gold jewelery and artifacts in November 2019, these rules were to be implemented across the country from January 2021.

7. Google’s Storage Policy
Changes to Google’s storage policy will apply from 1 June. After this you will not be able to upload unlimited photos in Google Photos. According to Google, 15GB of space will be given to every gmail user. Gmail e-mails are also included in this space. It also includes Google Drive where you backup. If you want to use more than 15GB of space, then you have to pay for it.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments