Aadhaar, PPF, Income Tax to LPG prices...These 10 main changes in the country from today, will affect every pocket!
Rule Change: From today on wards, you are going, to faces lot’s of changes in you documents. In the meanwhile, ten big rules like Aadhar, Income Tax PPF, including Sukanya Samriddhi Yojana are going to change across the country. The impact of these changes is going to be directly on the pocket of the common people.
LPG prices has increased
The first shock on the first date has been on the prices of LPG cylinders. While oil companies have increased the price of 19 kg LPG cylinder Meanwhile oil companies change the price of LPG cylinder on the first date of every month. According to IOCL, last month, from September 1, the price of 19 kg LPG cylinder in the capital increased from Rs 1652.50 to Rs 1691.50.
Rules related to Aadhaar card
Central government decided to discontinue the provision allowing the mention of Aadhaar enrolment ID instead of Aadhaar number. The decision aims to eliminate misuse and duplication of PAN. From today individuals will no longer be able to mention their Aadhaar enrolment ID in the application form for PAN allotment and in their income tax returns. According to the budget, eligible persons are required to mention Aadhaar number in PAN application form and income tax returns.
Changes related to PPF account
While 3 major changes are going to happen in the PPF scheme under the Small Savings Scheme. The Department of Economic Affairs had issued a guideline regarding the new rules, under which three new rules of PPF will be implemented. Under this, if more than one account is kept; two accounts will have to be merged into the first account.
Sukanya Samriddhi Yojana
The Sukanya Samriddhi Account scheme has changed now, only the legal guardians of daughters can operate these accounts. According to the new rule, if a daughter's SSY account is opened by a person who is not her legal guardian, then she will now have to transfer this account to the natural parents or legal guardian.
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Rules related to income tax
The FM Nirmala Sitharaman had announced several changes regarding income tax, which are going to change from today. These include TDS rate, Direct Tax Dispute to Vishwas Scheme 2024. Under TDS, 10% TDS deduction will be applicable on floating bonds. Meanwhile at the same time, TDS rates have reduced for payments. The rates for these sections have now been reduced instead of the earlier 5%.
Share buyback
From today, new rule is coming into effect regarding the taxation of share buyback. Now the shareholders will be responsible for paying tax on buyback income, which will be applicable on the taxation of dividend. This change will transfer the burden of taxation from companies to shareholders
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