homepersonal finance NewsFrom new charges on derivative segment to submitting Jeevan Pramaan Patra — Key PF changes, deadlines in November

From new charges on derivative segment to submitting Jeevan Pramaan Patra — Key PF changes, deadlines in November

Here we list key personal finance changes that will come into effect in the month

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By Anshul  Nov 1, 2023 10:44:44 AM IST (Updated)

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From new charges on derivative segment to submitting Jeevan Pramaan Patra — Key PF changes, deadlines in November
A series of changes will come in the personal finance landscape in the month of November. From BSE increasing transaction charges on the derivative segment to generating Jeevan Pramaan Patra or life certificate for senior citizens, these transformations are poised to directly impact the lives of millions across the country.

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Let's delve into the details of these changes:
BSE's new transaction charges on derivative segment
The Bombay Stock Exchange (BSE) will increase the transaction charges on the equity derivatives segment, scheduled to take effect from November 1, 2023. These revisions primarily apply to S&P BSE SENSEX Options, specifically the nearest or immediate expiry contracts. The new transaction charges structure is based on the Incremental Billable Monthly Turnover (Premium Value).
Turnovers ranging from more than ₹100 crore to ₹750 crore will incur charges of ₹3,500 per crore. Transactions with turnovers between more than ₹750 crore and ₹1,500 crore will have charges of ₹3,000 per crore. For turnovers exceeding ₹1,500 crore up to ₹2,000 crore, the charges will be ₹2,500 per crore. Turnovers above ₹2,000 crore will be charged at ₹2,000 per crore.
It's important to note that the nearest or immediate expiry contracts of S&P BSE Sensex Options will be determined based on the trade date. The premium-based turnover for these contracts will be calculated on a daily basis and aggregated at the end of the month.
Jeevan Pramaan Patra of life certificate submission window
All pensioners are required to submit a ‘life certificate' or Jeevan Pramaan Patra to pension-disbursing authorities (PDAs) such as banks and post offices in November to receive their monthly share. This can be submitted by pensioners either by presenting themselves personally at PDAs or by delivering a life certificate online. The Jeevan Pramaan Patra has a validity of 12 months from the date of prior submission.
GST challan 
According to the National Informatics Center (NIC), businesses with a turnover of ₹100 crore or more will have to upload Goods and Services Tax (GST) challan on the e-challan portal within 30 days from November 1.
Tax deadlines
November 7 is the due date for depositing tax deducted/collected for the month of October, 2023. On the other hand, November 14 is the due date for issuing TDS certificate for tax deducted under section 194-IA, section 194-IB, section 194M and section 194S in the month of September, 2023.
November 15 is the deadline for submitting quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2023. It is also the due date for furnishing of Form 24G by an office of the government where TDS/TCS for the month of October, 2023 has been paid without the production of a challan.

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