From the price of LPG to the sale of gold... these 6 major changes are going to happen from April 1... will have a direct impact on the pocket of the common man.

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The first day of every month sees many big changes, many of which affect your financial health. After two days the month of April is starting and with it the new financial year 2023-24 is going to start. In such a case, the list of changes is going to be a little longer. A change in the price of gas cylinders can be seen from April 1, 2023, while the new rule regarding the sale of gold will also come into effect at the beginning of the month.

The first change
Government gas companies revise LPG prices on the first day of every month and issue new rates. LPG consumers received a jolt in early March, as domestic gas cylinder prices were hiked by Rs 50, while commercial cylinders were hiked by Rs 350. Their prices can also be revised on 1

LPG as well as CNG-PNG prices may also change. However, according to recent reports, the possibility of a hike in CNG and PNG prices remains high. Apart from this, changes can be seen in the prices of petrol and diesel.

The rules related to the sale of gold jewelery are going to change from April 1. According to the Consumer Affairs Ministry, under the new rules, after March 31, 2023, sale of jewelery with 4-digit Hallmark Unique Identification (HUID) will be banned and from April 1, 2023, only 6-digit Hallmark HUID jewellery. will be sold However, customers will be able to sell their old jewelery without the hallmarking.

In Budget 2023, tax on insurance income with higher premium was announced. Under this, if your annual insurance premium is more than 5 lakhs, then the income from it will be taxed. Until now regular income from insurance was completely tax free. High Net Worth Individuals (HNI) used to benefit from this. This rule is also going to be implemented from 1st April 2023.

Starting April, you will not have to pay any capital gains tax on conversion of physical gold to e-gold or e-gold to physical gold. The announcement of getting rid of capital gains tax was also made during the budget speech. However, if you sell it in gold after conversion, you will have to pay tax as per LTCG rules.

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