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Financial Rules Changing From 1st April 2023: From the financial point of view, the month of April is considered very important. The new financial year also starts in this month. In such a situation, along with this, many such big changes are going to happen which will have a direct impact on the pockets of the common people. In case of non-linking of PAN with Aadhaar from April 1, PAN will be deactivated. Apart from this, many auto companies are increasing the prices of vehicles.
In such a situation, we are giving you information about those 10 financial changes which will have a direct impact on the pocket of the common man. Let’s know about this-
1. PAN will be deactivated
The Central Board of Direct Taxes (CBDT) has fixed the deadline for linking PAN and Aadhaar by March 31, 2023. If you do not link both the documents within this deadline, then the PAN will be deactivated. After this, to activate it again, you will have to pay a fine of Rs 10,000 while linking it with Aadhaar.
2. Cars of many companies will become expensive
With the implementation of Bharat Stage-2, the cost of automobile companies is going to increase. In such a situation, the price of vehicles of many companies like Tata Motors, Maruti Suzuki, Mercedes-Benz, BMW, Toyota and Audi is going to increase. All the companies have decided to implement their new rates from April 1, 2023. According to experts, cars of different companies can cost up to Rs 50,000.
3. Gold without 6 digit hallmark will not be sold
There are going to be major changes in the rules of sale of gold in India from April 1, 2023. From April 1, jewelers will be able to sell only those jewelery on which 6 digit HUID number is registered. The Consumer Department has taken this decision on January 18, 2023 to protect the interests of the customers. Earlier HUID was optional. It is to be noted that the customers will be able to sell the old jewelery without the hallmark mark.
4. Tax will have to be paid on insurance policy with high premium
If you are about to buy an annual premium policy of more than Rs 5 lakh, then this news can shock you. The government had announced in the budget 2023 that from April 1, 2023, tax will have to be paid on the income from the insurance scheme with a premium of more than Rs 5 lakh annually. But the thing to note is that ULIP plan has not been included in this.
5. Nomination is necessary in demat account
If you invest money in the stock market, then this news is for you. Demat account holders are required to file nomination before April 1, 2023. Failure to do so will freeze the account of the account holders. According to the circular of SEBI, it is necessary to add the nominee in the demat and trading account. In case of not doing so, your account will be deactivated.
6. Nomination is necessary in mutual funds
Market regulator SEBI (SEBI) has ordered all mutual fund investors to complete their nomination work before March 31. In case of failure to do so, from April 1, 2023, the portfolio of investors will be frozen. After this only after submitting the details it will be restarted.
7. UDID will be mandatory for Divyangjan
Benefits for government schemes to the disabled Now from April 1, it has become mandatory for the disabled to tell the Unique Identity Card (UDID) number. The government has made it clear that those who do not have UDID, they will have to give information about their UDID enrollment number. Only after this he can take advantage of 17 government schemes.
8. Banks will remain closed for so many days
Banks are full of holidays in the month of April. This month, due to different festivals and anniversaries, banks will remain closed for a total of 15 days in different states across the country. This includes holidays on days like Ambedkar Jayanti, Mahavir Jayanti, Eid-ul-Fitr.
9. 6% increase in transaction fee on NSE to be rolled back
The National Stock Exchange (NSE) earlier charged a fee of 6 per cent on any kind of transaction in the cash equity and futures and options segments, which will now be withdrawn from April 1. Earlier in January 2021, this fee was started.
10. There may be a change in the prices of LPG and CNG
On the first of every month, government oil companies change the prices of gas and CNG. In such a situation, it has to be seen that there is relief in the prices of commercial and domestic gas cylinders, an increase is recorded in it.
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