The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation. In a statement, the RBI said it has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation.
Senior Citizens above the age of 75 years, who only have pension and interest as a source of income, will be exempted from filing the income tax returns (ITR) for fiscal year 2021-22. The Central Board of Direct Taxes (CBDT) has now notified rules and declaration forms which senior citizens would have to file with the specified bank.
There have been and will continue to be several rule changes this month. These changes come in the form of regulatory policies across banking, financial and even automotive sectors that will affect the day-to-day lives of the average citizen. With that said, here are the 10 most important changes that citizens have to contend with, in the month of September 2021.