10 important rules that will change from the new year, will have a serious impact on your life, know

10 important rules that will change from the new year, will have a serious impact on your life, know

A lot of things related to your life are going to change in the new year. The new rules are going to apply to all important matters like mobiles, cars, taxes, electricity, roads and banking. Which will directly affect the lives of ordinary people. You will have to charge more for UPI payment - from January 1, you will have to pay extra charge for money transactions from Amazon Pay, Google Pay and Phone Pay. NPCI has decided to charge extra on UPI Payment Services (UPI Paymen) operated by third party app providers from January 1. Cars will become more expensive from January 1 - Automobile companies will increase the prices of many of their models from January 2021. Then buying a car will be more expensive than before. Mahindra, Renault and MG Motor have already announced price hikes. Installing FASTag on vehicles is mandatory - Fastag (FASTag) is being made mandatory for tolls from January 1, 2021. Toll will be added to FASTag from January 1 So far, 2.20 crore fastgags have been issued. Following the government's announcement, FASTag has been made mandatory for all vehicles.

The rules for GST returns will change - small traders doing business up to Rs 5 crore will have to file only four sales returns from January next year. At this time, traders have to submit 12 returns (GSTR3B) on a monthly basis. In addition to this 4 GSTR 1 return has to be filled. After the new rules come into force, taxpayers will only have to file 4 returns. Of these, 4 GSTR 3B and 4 GSTR 1 returns have to be given.

Check Payment Rules - January 1, 2021, check payment rules will change. Under this, checks above Rs 50,000 will be applicable in the positive pay system. The Positive Pay system is an automated system that checks for fraud in checks. Advantages of buying term plans at low premiums - IRDAI has instructed insurance companies to provide a standard term life insurance after launching a standard regular health insurance plan. In new insurance plans, there will be an option to purchase a term plan for lower premiums.

Rules for investing in mutual funds will be changed - SEBI has changed the rules for allocating assets for multipatch mutual funds. Under the new rules, 75 percent of the funds will now have to invest in equities, down from the current 75 percent. According to SEBI's new rules, 25-25 per cent of the funds need to be invested in midcap and smartcap. At the same time, 25 percent larger caps should be applied. Power Connection - The Ministry of Power is preparing to implement the Consumer Rights Rules from January 2. The power distribution companies will then have to provide services to the customers within the stipulated time, if they fail to do so the customer may be fined. The draft rules have been prepared by the Ministry of Law. Once approved, customers will not need much paperwork to get a new connection. WhatsApp will not work on some smartphones - According to the report, from January 1, 2021, WhatsApp will stop working on some smartphones. It includes both Android and iPhone. WhatsApp will not support older version software.

To make a call from a landline, you have to set zero - to make a call from landline to mobile phone across the country, you have to add zero before the number. On May 29, 2020, TRAI proposed 'zero' (0) before the number for such calls.