Changes In MV Rules, Credit Card Policies And Income Tax; Here Is a List Of 10 Things Changing Today

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Shikha Chaurasia

Pune, October 1 2020 : Many rules and policies are going to change from today. Hence, it is important to know about them.

Changes in Motor Vehicle (MV) rules, health insurance, Ujjwala scheme, credit and debit card rules are going to be implemented from today.


10 things changing from October 1, 2020, are-

1. There’s no need to carry driving license, RC and other documents: The Ministry of Road Transport and Highways has issued amendments in the Motor Vehicle Rules, 1989. The changes like verification of driving license, Registration Certificate (RC), pollution certificate and other documents to be carried out online via checking of soft copies of the documents will be implemented from October 1 2020. There will be no need for carrying the documents in person. The documents can be uploaded on the government’s portals like mParivahan and DigiLocker.

2. Liquefied Petroleum Gas (LPG) connections will not be free: Under the Pradhan Mantri Ujjwala Yojana (PMUY), LPG gas connections were made free till September 30 2020. Now, getting an LPG connection from October 1 will not be free of cost. The government had already extended the last date of the scheme till September.

3. Mobile phones to be used only for route navigation while driving: The new amendments made in the Motor Vehicle Rules, 1989 also include that mobile phones can now be used while driving only for the purpose of route navigation. It should be used in such a way that it doesn’t distract you while driving.

4. Reserve Bank of India’s (RBI) new changes in credit and debit card rules: The RBI has issued new guidelines in terms of making credit and debit card usage more secure. New guidelines state that users can now register to opt-in and out of services and spend limits for online, international and contactless card transactions from October 1 2020.

5. New health insurance policies: New changes to the health insurance policies have been made keeping in mind the aftermath of the COIVD-19 pandemic. For availing premium health services, prices will rise. The rules which are going to be introduced post the COVID-19 pandemic will make 17 permanent illnesses outside the health insurance cover.

6. 5 per cent tax to be levied on foreign fund transfer: According to new changes, any amount or payment sent abroad to buy foreign tour packages or any kind of foreign remittance made above Rs 7 lakh will see an addition of 5 per cent Tax Collected at Source (TCS) unless it has already been deducted at source (TDS).

7. New provisions in the Tax Collected at Source (TCS) regime: The new provision in the TCS made by the Income Tax department is that in the Finance Act, 2020 a new section 194-O has been introduced in the Income Tax Act 1961. It states that an e-commerce operator will deduct income tax at the rate of 1% on the sale of goods or services or both.

8. Buying television sets can now get expensive: As part of the new ‘Atmanirbhar Bharat’, the government who had previously exempted import duty expired the policy on September 30. This benefit will not be extended further in order to facilitate domestic production. Open cell panels will now attract 5 per cent import duty.

9. Food Safety and Standards Authority of India (FSSAI) bans mixing of mustard oil with any other cooking oil: Food regulator organisation FSSAI issued a letter to all the food safety commissioners of all states and Union Territories saying that the blending of mustard oil with any other cooking oil has been prohibited in India from October 1 2020.

10.Sweet shops will now have to display ‘best before date’: FSSAI has issued a directive to all the sweet shops and sellers to display the ‘best before date’ on all non-packaged or loose sweets in the shop compulsorily from October 1 2020.