Rules Changing From 1st October: With every new month, many rules also change rapidly. There are many economic rules among these, which directly impact the life of the common man. Now September is about to end and October is about to begin. During this time, many rules from gas cylinder and Aadhar card to small savings scheme are going to change. Let us give you information about these so that you can also do your financial planning according to the new rules.
Gas Cylinder Rates (LPG Cylinder Price)
LPG Cylinder Price is changed on the 1st of every month. Oil marketing companies will implement new rates this time also on October 1. It is expected that you can be given the gift of a cheap gas cylinder during the festive season.
Aadhar Card
Now you will not be able to use Aadhaar Enrollment ID for filing PAN Card or Income Tax Return (ITR) from October 1. Under Section 139AA of the Income Tax Act, it will be necessary to provide Aadhaar number for PAN card or ITR.
Special ticket checking campaign of Railways (Indian Railways)
Railways is going to start a special ticket checking campaign against those traveling without tickets from October 1. This is being done due to increase in the number of passengers during the festive season.
Interest rate on Post Office Account
Interest rates on post office accounts are also going to change from October 1. Changes in interest rates on National Small Savings Scheme accounts may affect your interest income.
CNG and PNG rates will change
On the first of every month, Oil Marketing Companies (OMCs) change the rates of ATF, CNG and PNG. ATF prices were reduced in September.
T+2 of Bonus Shares rule
SEBI has prepared a new framework to simplify the trading of bonus shares. From October 1, trading of bonus shares will be in T+2 system. Due to this, the time between record date and trading will be reduced. Shareholders will benefit from this.
Rules of small savings schemes changed
The Finance Ministry has issued guidelines regarding wrongly opened accounts under National Small Savings Schemes. Now accounts like PPF and Sukanya Samriddhi will be regularized by the Finance Ministry. Due to this you will not have to face problems in future.
Increase in Security Transaction Tax (STT)
There is also going to be a change in the Security Transaction Tax (STT) on Futures and Options (F&O) trading. From October 1, STT on sale of options will increase to 0.1%, which was earlier 0.0625%. Due to this, traders will have to bear some additional expenses in buying and selling options. This will affect the derivatives market.
Vivad se Vishwas Scheme will be started
CBDT has announced that ‘Vivad Se Vishwas Scheme 2024’ will be implemented from October 1. With its help, disputes related to income tax will be resolved. Cases pending before courts and tribunals will be disposed of.
Changes in HDFC Credit Card loyalty program
There is going to be a change in the loyalty program of HDFC Bank’s credit card from October 1. According to the new rule, HDFC Bank has limited the redemption of reward points for Apple products on the SmartBuy platform to one product per calendar quarter.
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