PAN-Aadhaar link to Gas price: These rules change from Tomorrow July 1

The month of July will begin with a lot of significant changes. Your wallet will be directly impacted by these changes, which will take effect on July 1, 2023, the first day of the month. PAN-Aadhaar link to Gas price: These rules change from Tomorrow July 1.

You will be impacted by changes to your home’s kitchen, footwear purchases, and bank policies. It is crucial for you to know facts about them in this case.

Income Tax Return (ITR) filing deadline: Every taxpayer is required to file their Income Tax Return (ITR). The deadline for filing the income tax return is approaching in July. If you haven’t filed your ITR yet, make sure to complete it by July 31st.

CNG-PNG: Along with the prices of LPG, a change can also be seen in the prices of CNG and PNG on the first date of the month i.e. 1st of July. Indraprastha Gas Limited (IGL) in Delhi and Mahanagar Gas Limited (MGL) in Mumbai revise the prices and issue new prices on the first day of every month.

20% TCS on credit card: New rule will be implemented, subjecting credit card expenses abroad to Tax Collected at Source (TCS). This means that for expenditure above 7 lakhs, TCS charges up to 20% will be levied.

LPG gas: Oil and gas distribution companies regularly review and revise the prices of cooking gas usually on the first of every month. This time, on July 1, it is expected that there might be a change in the prices of LPG.

For the last two consecutive months, companies had given relief by cutting the price of 19 kg commercial LPG gas cylinders. On June 1, 2023, the cylinder was made cheaper by Rs 83.5, while earlier on May 1, 2023, the price of commercial cylinder was reduced by Rs 172.

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PAN- Aadhaar card link: The deadline to link PAN with Aadhaar is today, June 30, 2023. It is important to complete the linking process as any non-compliance will mean that the PAN will become inoperative from July 1, 2023.

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