Five big changes in your life from June 1 – IT returns, LPG cylinder, and more
In three more days, these changes will affect your pocket.Author : Gopal Aggarwal
India is going to see a couple of changes from June 1. These changes will have a direct impact on your pocket and lifestyle. Thus, it will be better that we become aware of these in advance.
Bank of Baroda’s change in cheque payment system
From June 1, payment by cheque in Bank of Baroda is going to change. To protect customers from frauds, now a Positive Pay Confirmation will be required. The objective of this new process is to prevent deception to customers from bad actors. However, only for amount more than Rs 2 lakh will this system be invoked where the issuing customer will have to confirm that the payment was made the bank account holder. To enable Positive Pay Confirmation, some information regarding the cheque issued will have to be entered into the bank’s system electronically. This can be uploaded using SMS, mobile app, internet banking, or ATM.
LPG gas cylinder prices to change
It must be noted that all over India, the companies proving cooking gas update their prices for the consumers. The retail prices of LPG cylinders may increase or decrease. Thus, on June 1, there can be a change in the prices of LPG gas cylinder.
Payment for more storage on Google
You will not be able to upload unlimited photos on Google Photos. According to Google, this free quota of 15 GB is to be used for their email service, Gmail, also in addition to every Google service except YouTube. So, if you want to use more than 15GB of storage, then you will have to pay. Till now, unlimited storage was free.
Income Tax Returns filing website will be offline
From June 1 to June 6, the Income Tax Department website will be offline. While on June 7, the Income Tax Department will launch a new portal for the taxpayers. According to the notification, majority of the website will be updated. Also, the link will be changed from incometaxindiaefiling.gov.in to incometax.gov.in
Unlock process will start
From June 1, Delhi and Madhya Pradesh may get relief from lockdown. In India, the cases of Corona have begun decreasing. In light of this, the decision to unlock may be taken. However, in cities with more cases this hope is less.