Income-tax (I-T) department activated the Aadhaar and netbanking-based e-filing verification system for taxpayers to file their first appeal before a tax officer, on the lines of online ITR filing. To reduce the interface between tax officials and the taxpayer, the department has operationalised the facility on its official e-filing portal. “One EVC can be used to validate one form of the assessee irrespective of the assessment year. The EVC will be stored against the assessee PAN along with other verification details. The EVC will be valid for 72 hours or as otherwise specified,” a notification said.
Bajaj Allianz General Insurance has launched a long-term two-wheeler package policy. Two-wheelers can be insured for up to three consecutive years under this policy. The insured do not have to renew the contract every year as they get one policy certificate for a maximum of three years of cover. The policy allows refund of premium with cancellation of policy, even if a claim for partial loss is filed during the policy period. Under the policy terms, there is 24x7 roadside assistance service. This service will be offered complimentary to women customers during the first year. The insured can save on paying higher premia due to annual third-party motor premium hikes.