February 5, 2021

People of this age 75 years no longer need to fill ITR

Union Budget 2021: People of this age 75 years no longer need to fill ITR


People of this age 75 years no longer need to fill ITR- Union Budget 2021, the government has placed this condition in the budget

Finance Minister Nirmala Sitharaman said in her budget speech for 2021-22 that in the 75th year of the country's independence, we will reduce the burden of tax compliance for senior citizens aged 75 years and above.

Finance Minister Nirmala Sitharaman said in her budget speech for 2021-22 that in the 75th year of the country's independence, we will reduce the burden of tax compliance for senior citizens aged 75 years and above. He said, 'For senior citizens who have income from pension and interest only, it is proposed to give exemption from submission of the income tax return. Their concerned paying bank will deduct the necessary tax on their income.

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No Need To File Returns

After the budget, Finance Secretary Ajay Bhushan Pandey said that exemption from filing income tax returns will be applicable only in those cases where the interest income is received in the bank where pension comes. Pandey said, "People who are 75 years of age and above and whose income comes from interest on pension and term deposits in the same bank and their income is only from interest, then there is no need to file returns."

 Finance Secretary, "Banks will deduct tax on the income given and submit it to the government." He clarified that if senior citizens have other sources of income, they will have to file income tax returns.

Also Read :- UNION BUDGET HIGHLIGHTS -2021AND INCOME TAX HIGHLIGHTS



February 1, 2021

UNION BUDGET HIGHLIGHTS -2021AND INCOME TAX HIGHLIGHTS

 Highlights of budget 2021




Fiscal Judgement and Management

  • Total expenditure is pegged at Rs.34,83,236 crore up by 1% for FY22, whereas capital expenditure is set to see a whooping rise by 34.5% and 26.2% over FY21BE and FY21RE, respectively.
  • The financial deficit is  projected at 6.8% of GDP for 2021-22 BE with intent to reach a financial deficit level below 4.5% of GDP by 2025-26, with a fairly steady decline over the period. The fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP.

Agriculture and Rural Economy

  • Agricultural credit target enhanced to Rs 16.5 lakh crore in FY22, with a focus on increased credit, flows to animal husbandry, dairy, and fisheries.
  • 33% increase in Rural Infrastructure Development Fund.

Infrastructure Outlay

  • Dedicated Rs.1.1 lakh crore for Railways in FY22.   
  • An outlay of Rs.1.18 lakh crore for the Ministry of Road Transport and Highways.
  • Rs.1.41 lakh crore for Urban Clean India Mission.

Healthcare Outlay

  • Government to spend Rs.64,180 crore on healthcare over 6 years.
  • Government Sets Aside Rs.35,000 Crore For The Covid-19 Vaccine In FY22.

   Vehicles -   Proposes voluntary Vehicle Scrappage Policy

  •      Rs.3.05 lakh crore outlay for the power sector.    
  •      Highways projects in Tamil Nadu, Kerala, West Bengal, and Assam.


Company Related Matters 

1. Definition of small companies amended by increasing threshold of paid-up capital to not exceeding 2 crores and turnover to not exceeding 20 crores

2. One person company can be set up within 120 days to give a boost to startups

3. NCLT to be strengthened by creating e-courts

4. MCA-21 3.0 to have e-scrutiny, e-consultation, and compliance management

5. IPO of LIC in 2022

6. SARFAESI, reduction of monetary limit from 50 lacs to 20 lacs

7. Non-resident individuals with entrepreneurial potential are now enabled to set up One Person Companies (OPC) with no paid-up capital and turnover restrictions, reducing registration timeline from 182 days to120 days

Financial Sector

1.  Government to set up a professionally managed Development Financial Institution (DFI) to act as a provider, enabler, and catalyst for infrastructure financing.

2.  Proposal for New Rationalised Securities Markets Code

3.   NHAI and PGCIL to set up INVITs to attract global funds.

4.   Increase the permissible FDI limit from 49% to 74% in Insurance Companies.

5.   .Government allots Rs.20,000 crore for bank recapitalization.

6.   Proposal to create a permanent institutional framework to instill confidence amongst the participants in the Corporate Bond Market and enhance liquidity.


Income tax Highlights -



Relief to senior citizens 

1.Senior citizens with pension and interest income to be exempt from filing the income Assessments 

2. Time limit of reopening of assessment to be reduced from 6 to 3 years

3. Proposes setting up Dispute Resolution Mechanism for small taxpayers

4. Tax audit limit increased from 5 crores to 10 crores

5. For ease of compliance, advance tax liability on dividend income to arise only after the declaration of dividend

6. Reduction of tax on dividend income at lower treaty rate for non-residents

7. Notified Infra Debt Fund can issue notified zero-coupon bonds

8. No TDS on RIET AND InvITs

9. Tax Exemptions for notified affordable rental housing projects

10.  I-T return forms now to be pre-filled with Capital Gains and Bank Interest.

11. Details of capital gains on listed securities etc will be prefilled to aid ease of compliance

12. Late deposition of employees' contributions not to be allowed as a deduction to the employer. 

13. Government to notify rules to eliminate the double tax for NRIs on foreign retirement funds

14. Exemption from tax audit to Rs.10 crore turnover for companies transacting on digital mode


January 19, 2021

Samsung Galaxy S21 Salient Features And Highlights

 

Samsung Galaxy  21 Series Smartphone Launch

 

The long-awaited Samsung Galaxy s21 series smartphone has been officially launched. Samsung has finally unveiled a new range of smartphones at its Galaxy Unpacked 2021 event. Like the Galaxy s20 series launched last year, the new series continues the company's tradition of bringing three different models to its flagship smartphone series. The series includes the Galaxy S21 + The Galaxy S21 + and the Galaxy S21 Ultra.

 

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Samsung, a South Korean smartphone giant has released its Galaxy s21 series of smartphones. All three models have a compatible 120Hz refresh rate. The Galaxy S21 and Galaxy S21+ smartphones in the series have a triple rear camera setup. But the Galaxy S21 has an ultra-quad rear camera setup. So what are the specifications of the Galaxy s21 and s21 + smartphones?

 Samsung Galaxy S21 Display

The Samsung Galaxy S21 smartphone has a 6.2-inch flat full-HD + display with 1,080x2,400 pixel screen resolution. This display has a 20: 9 aspect ratio. Plus it has a Dynamic Amoled 2X Infinity-O display with a pixel density of 421pp. The display also features HDR10 + certification, Samsung's Eye Comfort Shield, and an Adaptive 120Hz refresh rate

 Samsung Galaxy S21 Processor

Samsung Galaxy S21 smartphone is powered by an octa-core Exynos 2100 SoC processor and runs on Android 11 with One UI support. It has 8GB of RAM and 128GB of inter-storage.

Samsung Galaxy S21 Camera Specification

Samsung Galaxy S21 has a triple rear camera setup. The primary camera is a 12-megapixel sensor with an ultra-wide-angle lens that has a field-of-view of 120 degrees. The second camera has a 12-megapixel primary dual-pixel sensor, the third camera is a hybrid optic 3x zoom, and a 64-megapixel sensor with 76 degrees FOV. It also has a 10-megapixel sensor capable selfie camera sensor. Samsung has provided an updated camera app on the Galaxy S21 that supports features like 8K Snap, Directors View, Super Steady Video, and Single Take.

 Samsung Galaxy S21 -Battery , Charging & Connectivity.

ther It has a 4,000mAh capacity battery. It will support USB PD 3.0 Fast Charging. The 10W also has wireless power-sharing for fast wireless charging 2.0 and reverse wireless charging. Connectivity options include 5G, 4G LTE, Wi-Fi, Bluetooth, GPS, and USB Type-C port.

 

 

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Samsung Galaxy S21 + Smartphone

The Samsung Galaxy S21 + smartphone has a 6.7-inch flat full-HD + display. This display has HDR 10 + support and a 120 Hz adaptive refresh rate. It is equipped with Galaxy S21 + Exynos 2100SoC processor. It will run Android 11 support. It comes with 8GB of RAM + 128GB of inter-storage. It also has a triple rear camera setup. The primary camera is a 12-megapixel dual-pixel sensor. The second camera is a 12-megapixel ultra-wide shooter and the third camera is a 64-megapixel telephoto sensor. There is also a 10-megapixel selfie camera sensor. The smartphone is powered by a 4,800 mAh battery that supports fast wired and wireless charging like the Galaxy S21.

 Samsung Galaxy S21 Price and Availability

The Samsung Galaxy S21 price base in India is priced at Rs. 73,999 Rs. Is. Samsung Galaxy S21 + Smartphone Base 8GB RAM + 128 GB Storage Option Rs. 8GB RAM + 256GB storage variant is priced at Rs. 85,999. Is Rs. It will also be available for purchase on January 29 through Samsung.com, Amazon India, and Flipkart through other online portals and offline retail stores.

 

January 7, 2021

New Strain Of Coronavirus (COVID -19)- Signs and Symptoms

 Are The Symptoms Of The New Corona Strain Different? 

Can The Vaccine Prevent This? 

 
Are the symptoms of the new corona strain different? Can the vaccine prevent this?

New Coronavirus Strain mutates all types of viruses but the new strain of Covid-19 has raised concern internationally. Many experts believe that the symptoms of new strains of corona will also be different, the spread will spread easily.

 New Coronavirus Strain: Nearly a year later, the corona virus is spreading worldwide, with the first phase of its vaccination started. Meanwhile, a new scientific discovery has made everyone sleepy. A new variant of the corona virus has caused havoc in London and parts of England. It is believed that this new strain of corona virus is more dangerous than other strains. As a result, England has been forced to enforce stringent norms and lock-downs once again.

 What is known about the new strain of corona virus?

All types of viruses mutate, but the new strain of Covid-19 has raised concern internationally. Many experts believe that the symptoms of the new strain of the corona will also be different, spread easily and cases may increase rapidly during the festival. So let's clear up some doubts about Corona's new strain and understand its dangers:

 Are the symptoms of Corona's new strain also different? Will the vaccine be able to save it?

New Coronavirus Strain mutates all types of viruses but the new strain of Covid-19 has raised concern internationally. Many experts believe that the symptoms of new strains of corona will also be different, the spread will spread easily.

 New Delhi, Lifestyle Desk. New Coronavirus Strain: Nearly a year later, the corona virus is spreading worldwide, with the first phase of its vaccination started. Meanwhile, a new scientific discovery has made everyone sleepy. A new variant of the corona virus has caused havoc in London and parts of England. It is believed that this new strain of corona virus is more dangerous than other strains. As a result, England has been forced to enforce stringent norms and lockdowns once again.

 You may interested in:-  Corona Virus Prevention Tips


Are the symptoms of the new corona strain different? Can the vaccine prevent this?

What Is Known About The New Strain Of Corona Virus?

All types of viruses mutate, but the new strain of Covid-19 has raised concern internationally. Many experts believe that the symptoms of the new strain of the corona will also be different, spread easily and cases may increase rapidly during the festival. So let's clear up some doubts about Corona's new strain and understand its dangers:

 

When Did You Learn About This Strain?

The first cases involving the new Covid strain were identified as early as last week (16 December), while scientists believe early evidence of mutations may have been seen around September. Mutations of the virus have caused 1108 casualties in UK districts. If we look at the numbers, more than 60% of the cases in London have been caused by Corona's new strain and cases may increase in the coming weeks for which authorities have prepared.

 

How Is Corona's New Strain Different From The Rest?

During the last year, several strains of Covid-19 have been identified globally. The current mutation of the virus, now the UK's most common virus variant, has changes in the spike protein of the virus, which plays an important role in launching an attack on the body.

 

Several case studies have suggested that the biggest difference may lie in how the mutation system interacts with immunity garnering cells — which provide first-level of protection.

Researchers state that the new B.1.1.7 mutation contains a shorter version of the ORF8 gene, which can alter anti-genicity, ie important for recognition by immune antibodies in the system, and faster and more common than previous strains. Which may be able to powerfully attack the immune system.  Perhaps this could also be a reason why it is being called a super infectious strain.

 

New Coronavirus Strain Symptoms Are Different? 

Whether the symptoms of the new variant of Covid-19 are dangerous is yet to be ascertained. However, medical officials said about the strain that it is 70 percent more infectious than the previous strain. This means that the virus will spread faster than the previous strain. In most of the cases recorded so far with the new version - only symptoms such as nausea, loss of smell, cough, fever and chills have been seen.

 

Is It Difficult To Detect And Treat New Coronavirus Strain?

If the treatment of this mutation was difficult, many people would have lost their lives by now. Good thing that nothing like this has happened yet. So far it has been seen that among those who were already in the grip of some serious disease, it is much easier to get infected by this variation. Also, it also has an effect on the gender and age of the person.

 

Are the symptoms of the new corona strain different? Can the vaccine prevent this?

Will The Vaccine Work On The New Mutation?

 Biologists say that mutations have led to changes in the protein spike of the virus, but have no effect on ACE2 receptors, which affect the immune system.

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Will The Vaccine Work On The New Mutation?

Biologists state that mutations have resulted in changes in the protein spike of the virus, but have no effect on ACE2 receptors, which is an important target of the immune system and therefore no mutations in the virus alter immunogenicity. Will come This means that the vaccine will be able to fight any type of corona mutation.

Unless the mutations are invasive, the vaccine will protect all people from infections to some extent. It all depends on the capacity of the vaccine.

 

Disclaimer: The advice and suggestions mentioned in the article are for general information purposes only and should not be taken as professional medical advice. Always consult your doctor if you have any questions or problems.

December 31, 2020

HAPPY NEW YEAR 2021

 

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May be your cup of happiness always be filled, 

your path always bright, and your 

heart always light

Happy New Year 2021


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November 7, 2020

WhatsApp Pay launched in India, know everything about WhatsApp Pay

Know more about WhatsApp and How to Use WhatsApp 

Whatsapp Pay launched in India,

Now you can send money through WhatsApp, sending payment is easier than payment method. India currently has 40 crore WhatsApp users out of which WhatsApp payment option will be available for a selected 2 crore people.

WhatsApp announced that on 06 November 2020 that it has started its payment services in India after getting permission from the National Payments Corporation of India (NPCI). According to NPCI, WhatsApp can increase its UPI user base in a phased manner.

 

WhatsApp number of users 40 crores

India currently has 40 crore WhatsApp users out of which WhatsApp payment option will be available for a selected 2 Crore people. Presently, Paytm, Google Pay and Phone Pay are big players in the digital payment market. WhatsApp Pay has been in beta testing stage in India since last  two years.

WhatsApp Pay has been approved by the government, with the condition that it will be able to use 20 million users at present, while the number of WhatsApp users in India is more than 40 crore. WhatsApp has been trying to launch its payment service for a long time, because it wants to come in the digital payment market in India.


 Also Read: Choosing A Right Power Bank Portable Charger - Facts


What is WhatsApp Pay?

WhatsApp Pay service was running on beta testing in India for last two years. However, due to some issues it was not officially launched. But now onwards  the approval from NPCI, it has been made available for Indian users. WhatsApp is a UPI based service and by which users can send money like sending photos in the chat box itself.

 

WhatsApp Pay  No fee will be charged (Free of Cost)

No fee will be charged for WhatsApp Pay. This information has been given by Facebook CEO Mark Zuckerberg himself. WhatsApp will work on Unified Payment Interface (UPI) system, same like  it is  happening  with Google Pay , Paytm and Phone Pay.

                                           


                                

Money Transfer up to one lakh rupees transfer in a day

Talking about the features available in WhatsApp pay service, with the help of this feature, users can transfer up to one lakh rupees in a day. Using this feature, you can send money to any of your WhatsApp contacts anytime, anywhere.

 

WhatsApp Partnership with several banks

WhatsApp has partnered with ICICI Bank, HDFC Bank, Axis Bank, SBI and Jio Payments Bank for payment service. However, if you do not have an account with these banks, you will still be able to use WhatsApp payments. Like Google Pay and Phone Pay, WhatsApp Pay will also require a UPI PIN, so that you can make a secure payment.

 
WhatsApp Pay is available in 10 Indian languages .

WhatsApp Pay service is available in 10 local languages ​​of India and users can use any of these languages ​​as per their convenience. This feature is available on both Android and iOS platforms. But for this, first you have to update your WhatsApp account. To avail this feature, it is necessary to have a UPI based debit card with users.

 Also Read:  Jio GigaFiber : Price, Plans And How To Register