Tax Reforms - Business Outrank

A number of financial changes are to come into effect on March 1, 2025, affecting different aspects of investment, taxation, and digital trade. Among them, the recent SEBI rules regarding mutual funds and demat accounts are a noticeable change that has been introduced with the aim of enhancing investors’ protection. SEBI’s New Mutual Fund and Demat Account Rules SEBI has issued new guidelines that require that mutual fund and demat accounts that are held individually should have a nominee to avoid the accumulation of unclaimed assets. In joint accounts, the survivorship provision will ensure that the assets will be transferred to the surviving account holders. Investors will also be allowed to nominate up to 10 persons for mutual fund and demat accounts. UPI-Based Insurance Payments From March 1, Bima-ASBA facility will allow UPI users to hold funds against the insurance premium payment. When an insurance proposal is accepted, the blocked amount will be deducted from the customer’s account; otherwise, it will be unblocked, which gives the policyholder more control over the payments. Tax Adjustments and Fixed Deposit Rate Revisions The tax brackets and TDS limits are likely to be changed, which will be a benefit to taxpayers. Some banks are also likely to change their FD interest rates, which will affect the rates of return on savings and investments. LPG and Fuel Price Adjustments Oil companies will announce new LPG cylinder prices from 6 am on March 1 after a monthly review. Changes in jet fuel, CNG and PNG prices are also expected. Improved Security for the GST Portal As a measure to enhance the digital security, the multi-factor authentication will be introduced on the GST portal. It is, therefore, important that businesses ensure that their IT systems are compliant with these new regulations.

What's Hot

Best Tax-Saver Bank Fixed Deposits to Consider in 2025

Trump’s Tariffs on India: Good or Bad for Growth?

Mastercard and Visa Linked to Illegal Gambling Sites Scamming UK Customers

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Tax Reforms

SEBI’s New Mutual Fund Rules, Tax Reforms Among Key Financial Changes from March 1

Best Tax-Saver Bank Fixed Deposits to Consider in 2025

Trump’s Tariffs on India: Good or Bad for Growth?

Mastercard and Visa Linked to Illegal Gambling Sites Scamming UK Customers

Virgin Targets £700m Investment to Challenge Eurostar on Cross-Channel Trains

Our Picks

Best Tax-Saver Bank Fixed Deposits to Consider in 2025

Trump’s Tariffs on India: Good or Bad for Growth?

Mastercard and Visa Linked to Illegal Gambling Sites Scamming UK Customers

Most Popular

Best Tax-Saver Bank Fixed Deposits to Consider in 2025

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Tax Reforms