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Showing posts from July, 2019

All about Post Office Time Deposit Scheme: Better Interest Rates

Post Office Time Deposit
Post office has several saving schemes with different time periods and interest rates. India Post's time deposit or term deposit is the scheme to watch out for. The Post Office Time Deposit (POTD) is like bank fixed deposits (FDs), known as term deposits, an investment savings account scheme offered by the India Post. When you invest in post-office term deposit (POTD), you are saving money for a fixed period of time, and you get guaranteed returns during the tenure of the deposit. After the post office term deposit is matured, it includes the capital deposited as well as the interest acrrued every year. The interest rate offered are being reviewed by the government quarterly. Recurring Deposit Account (RD), Public Provident Fund (PPF), Kisan Vikas Patra, Monthly Income Scheme Account (MIS), Sukanya Samriddhi Yojana are some of the popular Post Office schemes.




Post Office Time Deposit Scheme Features
A person can open Post Office time deposits account via ca…

Motor Vehicles Amendment Bill 2019 : 24 Offences and Penalties You Must Take Care Of

Motor Vehicles Amendment Bill 2019 : 24 Offences and Penalties You Must Take Care Of

Motor Vehicles Amendment Bill 2019 that has been passed in the Lok Sabha is to be introduced in the Rajya Sabha for its approval after which the bill will become a law after the President’s approval.Speaker Om Birla has passed the Bill on the basis of a voice vote in the Lok Sabha or Lower House of Parliament. The 2019 Motor Vehicles Bill was tabled in the Lok Sabha by the Union Minister for Road Transport and Highways, Nitin Gadkari. The bill strives to provide improvement in the country’s transportation laws by addressing high priority issues such as road safety, reducing deaths due to road accidents, giving heavy penalties on violation of rules, and removing corruption, giving the desired transformation to India’s road transport system.

Piyush Tewari, founder of SaveLIFE Foundation, a policy advocacy organisation working on road safety and emergency care said, “Motor Vehicles (Amendment) Bill 2019 i…

ITR Filing Date Extended for AY 2019 20

Income Tax Returns filing deadline extended to August 31 for AY 2019-20
If you are searching for Income Tax ITR Filing Date Extended or not, the answer is yes, the ITR Filing Date is Extended for AY 2019 20. The government on Tuesday i.e July 23 extended the due date for filing income tax returns by individuals for financial year 2018-19 by a month till August 31. Individuals, including salaried taxpayers, and entities - who do not need to get their accounts audited - needed to file their income tax returns for FY 2018-19 (Assessment Year 2019-20) by July 31, 2019.


The finance ministry said, "The Central Board of Direct Taxes (CBDT) extends the 'due date' for filing of Income Tax Returns from July 31, 2019, to August 31, 2019, in respect of individuals and entities taxpayers". As the TDS statement for FY 2018-19 was delayed, some people were hopeful for an extension of date in ITR filing.

Earlier, the Income Tax department extended the deadline for employers to issu…

DDA Draw Results 2019

DDA Housing Scheme 2019 Draw Results
NEW DELHI: The DDA Housing Scheme 2019 draw is completed. The Delhi Development Authority (DDA) is hlding a computerised lucky draw (lottery) for allotment of 17,922 flats in Delhi's Vasant Kunj and Narela residential areas. Around 47,000 people have applied for 17,922 flats in the DDA Housing Scheme 2019. So, it can be said that there are 3 applicants on average for one flat. Earlier we reported that DDA Housing Scheme 2019 Draw Results would be on July 23rd.


This time, application process was held online for the DDA Scheme. All applicants whose names comes in the lucky draw of results at DDA headquarters, Vikas Sadan, New Delhi would need to pay the purchase price of the allotted flat within 3 months and applicants whose names have not come up in the list will be refunded the application money. The flats available in different categories are - 488 (HIG), 1,555 (MIG), 8,383 (LIG) and 7,496 (EWS). The application fee for DDA's EWS flats was…

How to Book Kia Seltos in India, Kia Seltos on Road Price

How to Book Kia Seltos in India, Kia Seltos Price in India

Kia Motors recently-unveiled Seltos has recorded 6,046 bookings on the first day. The Kia website received around two lakh hits on 16th, from Kia online booking site with 1,628 bookings coming in just one day. Kia Motors India started the pre-bookings of Seltos from July 16, 2019, across its dealerships in 160 cities in the country.

Vice President, and Head – Sales & Marketing, Kia Motors India, Manohar Bhat, said, “This is such an overwhelming response from customers across the 160 cities where we are present. It is a remarkable
feat and a testament to Kia’s unparalleled & extraordinary brand recognition and acceptability in India that our brand campaign has helped us achieve. Kia Seltos, mid-SUV, is BSVI compliant and is available in both petrol and diesel, with both Manual and Automatic options in all powertrains, it makes it an attractive proposition. We are there for the Indian market and deliver the best and clas…

DDA Housing Scheme 2019 Draw Result on July 23

DDA Housing Scheme 2019 Draw Result on July 23
The Delhi Development Authority Housing Scheme 2019 draw is expected to take place on July 23. The DDA Housing Scheme 2019 has received 47,000 applications, mostly coming in for Vasant Kunj and Narela as the first and second most preferred choices respectively.

DDA Housing Scheme 2019 was launched on March 25 and was to close on May 10, 2019 but later the DDA extended the closing date for registration by a month. Out of the 17,922 flats, Vasant Kunj has 1,286, including 336 three-bedroom ones. Mostly the flats on offer are located in Narela, more of them the one-bedroom ones (8,164 in total). The three-bedroom flats are offered in the range of Rs 1.4 crore to Rs 1.7 crore; two-bedroom flats in the price range of Rs 66 lakh and Rs 1.4 crore, and one-bedroom flats coming in the price range of Rs 22.5 lakh to Rs 56.3 lakh.

DDA Vice-Chairman Tarun Kapoor said, "The DDA 2019 housing draw will be held on July 23. We have invited a retired…

Fresh PAN Card if you file tax returns with Aadhaar

Fresh PAN Card if you file tax returns with Aadhaar
After the announcement of Union Budget 2019-20 by Finance Minister Nirmala Sitharaman, interchangeability of PAN and Aadhaar is now allowed. CBDT chairman Pramod Chandra Mody said, "The Income Tax department will allot fresh PAN to a person who files IT returns with only Aadhaar, after the Budget proposed that only the biometric ID was sufficient for tax purposes.

He said, “In cases where Aadhaar is being quoted and PAN is not there, we could possibly think on the terms of allotting a PAN to the person filing income tax return."
The assessing officer of the department can use his powers to allot PAN to an entity.  What this means is that “The law provides that the assessing officer can also allot PAN. So, if Aadhaar is being quoted without PAN, We will allot the PAN. It becomes linked,”

This is the first budget of the second term of Narendra Modi government. Union Finance Minister Nirmala Sitharaman proposed to make the PAN…