These 3 rules will change from 1st August, your pocket will be affected

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Image Source: Wikipedia

New delhi date. 28 July 2023 Friday

With the beginning of every new month comes some changes. Some similar changes are going to happen in August as well, which will have a direct impact on our pockets and monthly budget. The month of July is about to end. The month of August is going to start after four days. From August 1, some rules related to rupees are going to change. Which has a direct impact on your pocket.

LPG rules are subject to change

LPG prices are fixed by the government at the beginning of every month. Government oil companies can change the price of LPG cylinders as well as commercial cylinders. These companies change the price of LPG on 1st and 16th of every month. Apart from this, the price of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) may also change.

Bank will be closed for 14 days in August

Many festivals are coming up next month. There are many bank holidays in the month of August. Banks will be closed for a total of 14 days in different states due to Rakshabandhan, Muharram and many other festivals. Also includes Saturday and Sunday holidays. You can check the list of bank holidays by visiting the official website of Reserve Bank.

Penalty has to be paid for ITR

The last date for filing income tax returns for the financial year 2022-23 is 31 July 2023. This deadline is for taxpayers who have not had their accounts audited. If you do not file ITR by this date, you may have to pay a penalty. Taxpayers may have to pay a penalty of Rs 1,000 and Rs 5,000 for late filing of ITR.

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