[ad_1]
Rules Change From 1st April 2023; The new financial year 2023-24 has started today i.e. from 1st April. This new year has brought with it many changes. Petroleum companies today cut the prices of commercial gas cylinders on the first day of the new financial year.
Along with this, the customs duty on gold and jewelery has been increased from 20 per cent to 25 per cent from today, due to which its price may increase. Painkillers, antibiotics and heart drugs have also become more expensive. We are telling you about 13 such changes, which will directly affect you.
1. Prices of commercial gas cylinders reduced
A commercial gas cylinder of 19 kg has become cheaper by Rs 92. However, no change has been made in the price of 14.2 kg domestic gas cylinder. A commercial gas cylinder in Delhi is available at Rs 2028 instead of Rs 2119.50. While in Kolkata, it has now come down to 2132 rupees. Earlier on March 1, the price of the cylinder was increased by Rs 350.50.
2. New Interest Rates of Small Savings Scheme
The government has increased interest rates on small savings schemes including Senior Citizen Savings Scheme and Time Deposit. Interest rates on National Saving Certificate, Monthly Income Scheme and Kisan Vikas Patra have also increased. However, there has been no change in the interest rates of PPF and savings account schemes. Now small savings schemes will be given interest from 4% to 8.2%.
3. Only gold jewelery with six digit hallmark will be sold
Under the new rules, gold will not be sold without a six-digit alphanumeric hallmarking from April 1. As Aadhaar card has a 12 digit code, gold has a 6 digit hallmark code. This is called Hallmark Unique Identification Number or HUID.
This number can be alphanumeric ie something like- AZ4524. Through this number it will be possible to find out how many carats a gold is. 940 centers have been set up across the country to give trade marks on gold. Now the hallmarking of four digits will be stopped completely.
Buying gold has become expensive from today
In the budget, customs duty on gold and imitation jewelery was announced to be increased from 20 percent to 25 percent, on silver from 7.5 percent to 15 percent. This new tax system has come into effect from April 1. This may increase the prices of gold and silver.
Further, conversion of physical gold to e-gold or e-gold to physical gold shall not be considered as transfer. That is, there will be no capital gain tax on it. If you sell it after conversion, you will be liable to pay tax under long term capital gains rules.
5. New tax system from today
Income tax payers will get new tax regime from today. For those opting for the new tax regime, the exemption limit has been increased to Rs 7 lakh. Earlier it was Rs 5 lakh. Another relief has been given to the salaried class in the budget. A standard deduction of Rs 50,000 has also been included in the new tax regime. That is, no tax will be charged on salary up to Rs 7.5 lakh. The tax rates will remain the same as in the old tax system.
note: You can download our app to read breaking news in Punjabi. You can also follow Pro Punjab TV on social media platforms Facebook, Twitter and Instagram.
TV, FACEBOOK, YOUTUBE from First every the news to read for Download do PRO PUNJAB TV APP
APP Download to do for Link ‘on Click do:
Android: https://bit.ly/3VMis0h
[ad_2]
Source link