New Rule Implemented from October 1: Do this before September 30

There will be some changes from October 1 in many areas including personal finance, property registration, stamp duty. The changes announced in the Union Budget will come into effect.

Important changes affecting the common man including change of details in Aadhaar card, appointment or change of nominees for mutual fund, Demat or trading accounts, TCS rules, change of denomination of Rs 2000 denomination notes, submission of birth and death certificate are compiled here.

Aadhaar Linking: Those who have invested in Public Provident Fund, Sukanya Samriddhi Yojana, Post Office Deposit and other small savings schemes should submit their Aadhaar number to the post office or bank branch by the end of this month. The deadline is September 30. Otherwise these investments are likely to be frozen.

Property Purchase and Sale Expensive: As the government looks for ways to mobilize resources for guarantee schemes, real estate prices in the state will increase from October. The new rate will be effective from October 1. The guideline price will increase from zero to 90%. The overall average will increase by 30%.

The government is revising the guideline prices after five years. Estimated market guideline rates for immovable properties under all sub-registration offices of the state are being revised. The tax collection target of Rs 25000 crore has been set by the registration department this year.

Rs 2,000 Exchange notes: The Reserve Bank has announced September 30 as the last day to exchange Rs 2,000 denomination notes. This deadline is unlikely to be extended. From October 1 to Rs 2,000 notes will be invalidated.

New TCS rules apply: Overseas spend on credit card up to Rs 7 lakh If the user exceeds from october 1 20 percent are covered under TCS. If spent for medical or educational purposes only 5 percent TCS will be charged. Only 0.5% TCS will be charged for foreign education loan up to Rs 7 lakh.

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Demat Account Nomination Direction: September 30 is the last day for demat account holders to nominate beneficiaries. September 30 is the last date for nomination for all existing mutual fund accounts. After that these accounts will be deactivated.

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Submission of Birth Certificate Mandatory: Birth certificate is mandatory for government jobs. Birth certificate will now be the only document to get a new Aadhaar card, join government jobs, other government functions apart from financial matters. The Registration of Births and Deaths (Amendment) Act- 2023 will come into effect on October 1.