Motor vehicle rules, income tax, health insurance, credit, and debit card rules change from tomorrow. From 1 October 2020, many rules will change, motor vehicle rules, Ujjwala scheme, health insurance, credit, and debit card rules will change from tomorrow. So you need to know about them in advance. Let us know what is going to change from October 1st.
No physical verification of documents such as driving license and RC
The tension of having to keep a hard copy of documents like RC and driving license together while driving is coming to an end. Now you can drive the vehicle with only a valid soft copy of these documents attached to the vehicle. The Ministry of Road Transport and Highways has announced various amendments to the Motor Vehicle Rules, 1989, which will come into effect from October 1, 2020, as a step towards facilitating passenger convenience. Will be made through the portal. Federal online portal like Digi-Locker or m-Parivahan where drivers can maintain their vehicle documents.
Mobile phones for route navigation only
According to the 1989 amendments to the Motor Vehicle Rules by the Ministry of Road Transport and Highways, you can now use your mobile phone to navigate the road without disturbing the driver’s concentration while driving.
LPG connection is not free
Under the Pradhan Mantri Ujjwala Yojana (PMUY), the process of getting a free gas connection ends on September 30, 2020. The Union Cabinet has approved an extension till the end of September to get free cooking gas cylinders under BMUY.
Foreign financial transactions will be taxed at 5%
Any remittances sent overseas to purchase overseas tour packages, and overseas remittances made above Rs 7 lakh, will attract taxable source (TCS) from October 1. The tax on foreign tour packages will be 5% of any amount and the tax will be kicked only for the amount spent on other foreign remittances above Rs 7 lakh.
Sweet vendors should show ‘best before date’
Sweet shops are now required to declare ‘unpacked’ of unpackaged or loose desserts available in their store. The Food Safety and Quality Commission of India (FSSAI) has advised sweet shop owners to follow the protocol from October 1.
New health insurance rules should be implemented
Changes to the health insurance plan have certainly been introduced after Govt-19. Prices for premium health services will eventually rise. The new health insurance rules that will be added after Govt-19 will make out 17 to cover permanent illnesses.
Buying TV sets is expensive
The government has said that open-cell panels will attract a 5% import tax from October 1 and that the tax exemption, which expires later this month, will not be extended. As part of ‘Atmanirbar Bharat’, the government is keen to expand domestic production capacity for open cell panels so as to curb imports. The one-year exemption granted for the item expires today, September 30th.
New credit and debit card rules of the Reserve Bank
The Reserve Bank of India (RBI) has issued new guidelines for protecting debit and credit cards. These changes will take effect on October 1, 2020. Under the new guidelines, card users will now be able to register for international transactions, online transactions, and contactless cards or opt-out of the service or spend limitations. Transactions.
FSSAI prohibits the mixing of mustard oil with any other cooking oil
The dietitian FSSAI has banned the mixing of mustard oil with any other cooking oil with effect from October 1. In a letter to the Food Safety Commissioner of all States and Union Territories, FSSAI stated that “mixing of mustard oil with any other cooking oil is prohibited with effect from October 1, 2020.”
New tax is levied on source (TCS) rule
The Income Tax Department has issued guidelines for using the TCS arrangement, which requires an e-commerce operator to deduct a 1 percent tax on sales of goods and services. The new tax (TCS) rule will come into effect from October 1. The Finance Act, 2020 included a new section 194-O of the Income Tax Act 1961, which, with effect from October 1, 2020, mandates that an e-commerce operator deduct income tax at the rate of 1 percent of the total tax. Sales or service delivery of goods or both, facilitated by its digital or electronic facility or site.