7 big changes from today, which will affect the pocket: Commercial cylinders are cheaper, bikes become expensive; Aadhar-PAN link and tax-related rules also changed


Posted on 1st Jul 2022 10:22 am by rohit kumar

From July 1, i.e. today, many changes have taken place across the country. These will have a direct impact on your pocket and life. That's why it is important that you already know the rules. Commercial gas cylinders have become cheaper today. On the other hand, for linking Aadhaar-PAN, a charge of Rs 1000 will have to be paid. We are telling you about 7 such changes ...

 

1. Commercial Gas Cylinder Cheap

 

The prices of commercial gas cylinders have been cut. The price of a 19 kg commercial cylinder in Delhi has come down from Rs 2219 to Rs 2021. Similarly, against Rs 2322 in Kolkata, now this cylinder will be available for Rs 2140. The price in Mumbai has come down from Rs 2171.50 to Rs 1981 and in Chennai from Rs 2373 to Rs 2186.

 

Accordingly, the rate of the gas cylinder has come down by Rs 198 in Delhi, Rs 182 in Kolkata, Rs 190.50 in Mumbai, and Rs 187 in Chennai. In June last month, the rates of commercial cylinders were reduced by Rs 135. However, no relief was given by the oil companies in the domestic gas cylinders. The price of a 14.2 kg gas cylinder in Delhi is Rs 1003.

 

2. Now Rs 1000 will be charged for linking Aadhaar-PAN

 

To link PAN with Aadhaar from today i.e. July 1, you will have to pay Rs 1,000. Till June 30, this work used to be done for Rs 500. Now you have to pay Rs 500 more.

 

3. TDS on transactions done for cryptocurrencies

 

From now on, if the transaction done for cryptocurrencies exceeds Rs 10,000 in a year, then it will be charged 1%. Income Tax Department has notified the disclosure norms of TDS for Virtual Digital Assets (VDA). All NFT or digital currencies will come under its ambit.

 

4. Demat Account Without KYC Will Be Deactivated

 

The last date for conducting KYC for Demat and trading accounts was June 30, 2022. In such a situation, if you have not done KYC of the account, then it will be deactivated. With this, you will not be able to trade in the stock market. Even if a person buys shares of a company, then these shares will not be able to transfer to the account.

 

5. Buying a motorcycle is expensive

 

Two-wheelers will become expensive from July 1. Hero MotoCorp has decided to increase the prices of its brands by up to Rs. Hero MotoCorp has increased the prices due to rising inflation and a rise in raw material prices.

 

6. 10% TDS to be paid on gifts

 

Gifts received from businesses will have to be tax deducted at source (TDS) at the rate of 10%. This tax will be levied on doctors and social media influencers. However, social media influencers will be taxed only if they keep marketing materials from a company. If they return it, then TDS will not be charged.

 

7. Will have to pay more toll

 

Toll rates have been increased on the Delhi-Dehradun Highway (NH 58) from 1 July (noon on Thursday). The toll rate was not increased in the lockdown. From July 1, those passing through here will have to bear an additional cost ranging from Rs 5 to Rs 80.

 

Also Read: New GST Rates: From July 18, packaged flour, milk and cheese will be expensive, GST on private beds in hospitals too

1 Like 0 Dislike
Previous news Next news
Other news

US seeks allies' support for possible China sanctions over Ukraine war: report

The United States may talk further on the subject to close allies about the possibility of imposi

Kantara Chapter 1: Producers gave a special birthday gift to Rishab Shetty, and released a new poster of the film

The new poster of 'Kantara Chapter 1', the second part of Rishab Shetty's much-awaited film 'Kant

Delhi vs Center: Who will have control over the services, a 5-judge constitution bench will hear the petition

Chief Justice of India (CJI) N.V. Raman on Monday said he has constituted a five-judge Constituti

PM Modi: PM Modi will send a chaadar for Ajmer Dargah today, Minority Affairs Minister Rijiju will take it

On behalf of Prime Minister Narendra Modi, a chaadar will be offered at the dargah of Khwaja Moin

Twitter handle of Ministry of Jal Shakti hacked: Agencies engaged in an investigation; Second major cyber attack in 9 days

The Twitter handle of the Union Ministry of Jal Shakti was hacked on Thursday morning. Since then

Trudeau gave a befitting reply to Donald Trump, on the talk of merging Canada with America, he said - this will never happen.

America's newly elected President Donald Trump has been offering to merge Canada with America for

Bengal: CM Mamata said- 12 thousand policemen will be recruited soon; Patient welfare committees dissolved in government hospitals

West Bengal Chief Minister Mamata Banerjee has said that the Trinamool Congress government will s

Sudhir Naik demise: Former opener of Indian team passed away, cricket world mourned

Sudhir Naik, the former opener of the Indian team and coach of Zaheer Khan, died in a hospital in

NCPCR: Harassment of children for applying Rakhi, Tilak, and Mehndi in schools is unacceptable, Commission seeks report from states

Terming physical and mental pressure on children, discrimination, and harassment in the name of s

Sanjay Raut: 'Ab Nahi koi baat khatre ki...', many speculations on this tweet of Raut, also tagged Fadnavis and Shinde

A tweet by Shiv Sena leader Sanjay Raut has once again increased the political stir in Maharashtr

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash