These New Rules Will Change From 1 January 2021, Will Have A Direct Effect On The Pockets Of Every Individual
The new year 2021 will bring many new things with it. Not only your home calendar, but many things related to you and our lives will change from1 January 2021. Here we are going to tell you 5 such big changes, which are very important for you to know.
Rules For Investing In Mutual Funds Have Changed 1 January 2021
In the interest of investors, market regulator SEBI has made some changes in the rules of mutual funds to reduce risk. SEBI has changed the rules of asset allocation for multicap mutual funds. Under the new rules, 75 per cent of the funds will now have to be invested in equities, which is currently at least 65 per cent. The structure of multi-cap funds will change as per the new rules of SEBI.
Funding will be needed to invest 25-25 per cent in midcap and smallcap. At the same time, 25 percent will have to be applied to larger caps. Previously, fund managers allocated according to their choice. Largecap weight is currently higher in multicap. The rule will take effect on 1 January 2021.
UPI Payments Will Be Taxed From 1 January 2021
From January 1, Amazon Pay, Google Pay and PhonePay transactions will incur additional charges. Indeed, NPCI has decided to impose additional charges on UPI Payment Services (UPI Payments) operated by third party application providers from January 1. NPCI has levied 30 per cent cap on third year applications as compared to the new year. However, Paytm will not have to pay charge.
The Rules For GST Returns Will Change From 1 January 2021
To provide relief to small traders, the government is preparing to take some further steps in case of sale compensation. Under which GST process will be made easier. According to the news, in this new process, small entrepreneurs doing business up to Rs 5 crore will have to pay only sales compensation during the year from January next year.
At this time, traders will have to file 12 returns (GSTR3B) on a monthly basis. Apart from this 4 GSTR1 has to be paid. Taxpayers will only have to file 8 returns after the new rule comes into force. Out of which 4 GSTR 3B and 4 GSTR 1 returns have to be filed.
The Power Connection Will Be Available Immediately From 1 January 2021
The government can give New Year gifts to power consumers. The power ministry is preparing to implement the consumer rights rules from January 1. After this, the power distribution companies will have to provide services to the customers within the stipulated period, if they fail to do so the customer may be penalized.
The draft new rules have been sent to the law ministry. Once approved, customers will not need more paperwork to get a new connection. Companies will have to provide electricity connection within seven days in urban areas, 15 in municipal areas and one month in rural areas.
WhatsApp Will Not Work In Smartphones From 1 January 2021
WhatsApp will stop working on some smartphones from1 January 2021. It includes both Android and iPhone. WhatsApp will not support older version software. According to the report, WhatsApp will not work on smartphones running iOS 9 and Android 4.0 operating systems.
WhatsApp support can also be removed from an iPhone 4 or older. However, if the next version i.e. iPhone 4s, iPhone 5s, iPhone 5C, iPhone 6, iPhone 6s has older software in the iPhone, it may be updated. WhatsApp support will not be available on smartphones running on Android.