Month: April 2018

EPF withdrawal for house, flat or construction of property

EPF withdrawal for house, flat or construction of property

EPF changed certain rules in relation to EPF withdrawal for house, flat or construction of property. These rules will come into effect from 12th April 2017. These changes are called as Provident Funds (Fourth Amendment) Scheme, 2017. I already wrote a detailed post on EPF partial withdrawal rules. Now the new paragraph is inserted along with those changes as 68BD. This paragraph will now supersede of whatever written in earlier rules. Let us see these new rules related to EPF withdrawal for house, flat or construction of property. If you are planning to acquire or construct a house or flat or a site, then you can apply for EPF withdrawal for house, flat or construction of property. The two conditions are as below. # If you are interested in purchasing or constructing the house or flat
How to link Aadhaar to EPF Online without login?

How to link Aadhaar to EPF Online without login?

Earlier I explained you about how to link Aadhaar to EPF online or offline. However, today EPFO launched a dedicated link on EPFO portal to link online without login. I already wrote a detailed post on “How to link Aadhaar to EPF using online and offline?“. However, today EPFO launched a new facility, where you can link Aadhaar to EPF online without login. Note:-If your details of UAN not matching with Aadhaar details like name, gender and date of birth, then you can update the UAN details online. Refer my latest post for the same “EPF UAN name, gender and date of birth correction – Online procedure“. Why have we to link Aadhaar to EPF? # Aadhaar is one of the important KYC document which contains details like your name, date of birth and address details along with your photo
Indian Railways Offers 100% Concession On Ticket Prices. Details Here

Indian Railways Offers 100% Concession On Ticket Prices. Details Here

Indian Railways offer concessions on ticket prices to different categories and the quantum of these concession ranges from 25 per cent to 100 per cent. According to Indian Railways portal-indianrail.gov.in, there are some general rules which the passenger must know in order to avail the concession. Indian Railway Catering and Tourism Corporation (IRCTC), the online ticket booking portal currently only offers concession on senior citizen tickets. Other concession tickets can be availed at the Passenger Reservation System (PRS) counters at any Indian Railways reservation office, said IRCTC. Children below 12 years need to pay only 50 per cent fare, as for normal tickets. Here's a list of concessions given by Indian Railways on ticket prices as mentioned on the portal: Disable...
Vehicles to come fitted with tamper-proof registration plates

Vehicles to come fitted with tamper-proof registration plates

Come January 1, 2019, and all motor vehicles will come fitted with tamper-proof high security registration plates (HSRP) with several security features.The development assumes significance because even after over a decade of the government making HSRP mandatory, it is yet to be implemented in many states."The security licence plate including third registration mark, wherever necessary, shall be supplied by vehicle manufacturers along with all the vehicles manufactured on or after 1st day of January, 2019, and their dealers will place a mark of registration on such plates and affix them on the automobiles," Ministry of Road Transport and Highways said in a draft notification.It also said that dealers of vehicle manufacturers may also affix such plates, supplied by the vehicle manufacturer...
EPF Account Withdrawal, Other Claims: EPFO Announces New Rules

EPF Account Withdrawal, Other Claims: EPFO Announces New Rules

EPF or employee provident fund withdrawal claims above Rs. 10 lakh don't have to be filed online. Retirement fund body EPFO or Employees' Provident Fund Organisation has recently revised some of its rules related to provident fund claims. The EPFO has nearly six crore subscribers and manages a corpus of about Rs. 10 lakh crore. In a circular dated April 13, EPFO said offline claims will also be accepted in all cases. EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawals. EPF Withdrawal - New Rules "In case the amount of claim settlement is above Rs. 10 lacs for PF claims and Rs. 5 lacs in respect of EPS withdrawal claims, the claim form must be accepted through online mode only," the retirement fund body said in a circular in Febr
Income Tax Department Warns Salaried Class Against Filing Wrong Returns

Income Tax Department Warns Salaried Class Against Filing Wrong Returns

NEW DELHI:  The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against them. The Central Processing Centre (CPC) of the department in Bengaluru, that receives and processes the Income Tax Returns (ITRs), has issued an advisory specifying such taxpayers should not "fall prey" to unscrupulous tax advisors or planners who help them in preparing wrong claims to get tax benefits. Calling it a "cautionary advisory" on reports of tax evasion by under-reporting of income or inflating deductions or exemptions by salaried taxpayers, the department said such attempts "ai
Five Investment Schemes That Can Make You Money, Offer Security

Five Investment Schemes That Can Make You Money, Offer Security

Financial planning can be a confusing. Various investment schemes have different features and interest rates. Investing money in stocks is risky, real estate prices are down, gold is attractive but only with a long-term perspective - while choosing a suitable investment option, an investor goes through such kinds of thoughts. Making a strong portfolio also requires an investor to diversify it for maximum returns. Putting all your money in one investment scheme or asset class is not wise, financial experts often say. Thus, diversifying your portfolio is important. NDTV here lists out five key investment schemes. (Please note that the schemes have not been selected according to any order or preference. You should make your own investment decisions.) Employee Provident Fund (EPF) A s
What to Do if Your Email Is Hacked

What to Do if Your Email Is Hacked

Q. Could you please review best practices if one’s email is hacked? Is changing the password for that email sufficient? Is it necessary to change the email address (use a whole new email) for each site, like Amazon, that uses the hacked email as the user login? A. If you still have access to the compromised account, changing the password is one of many steps you should take to protect yourself. If you are having trouble regaining control of the account, visit your mail provider’s site for instructions on recovering your account. Apple, Google, Microsoft and Yahoo all have guides on their sites, as should other email and internet service providers. Tell your friends that your account was hacked and to ignore any odd messages that appear to have come from you. Your account may have been
IRCTC modified rules for online ticket reservations. 10 things you must know

IRCTC modified rules for online ticket reservations. 10 things you must know

When the Indian Railway Catering and Tourism Corporation (IRCTC) was launched in 2002, only 29 online tickets were booked on the first day. Today, more than 13 lakh online tickets are booked through IRCTC portal - www.irctc.co.in - the e-ticketing outlet of the national carrier. With the growing volume of online ticket booking, however, has also grown malpractices in the system. The Indian Railways has issued fresh guidelines to deal with various problems it has been facing with an aim to provide better services to travellers. About 2 crore people travel by Indian Railways every day. A traveller is allowed to book tickets in advance up to 120 days through the IRCTC portal. The date of journey (for the originating station of the train) will not be counted in 120-day limitation. Minister...
Be aware: WhatsApp Plus app is tracking your personal data.

Be aware: WhatsApp Plus app is tracking your personal data.

Security researchers at Malwarebytes Labs, an American Internet security company, have discovered that a new fake WhatsApp application has been circulating around the internet that fraudulently collects users’ data and replaces it with malware. Dubbed as “WhatsApp Plus”, the app disguises itself as the pro-variant of WhatsApp offering additional functionality and lots of handy new features like running four WhatsApp accounts, hide ‘typing message’ notification, hide double ticks and blue ‘read’ ticks, mentions a report by Malwarebytes Lab. However, the app instead steals personal information from the phone, including photos and phone numbers, and replaces it with malware. Fortunately, while the app is not available on the Google Play Store or Apple App Store, the APK file of the app is