Rules Changing form 1st August 2023: Only a few days are left for the month of July to pass. The month of July is considered very important in many ways because ITR has to be filed by the end of this month i.e. by 31st July. Many rules will change from the beginning of August. In such a situation, it is very important for you to know these changed rules. Know what rules are changing from August 1…
Banks will remain closed for 14 days in AugustÂ
Banks are full of holidays in the month of August. Banks will remain closed for a total of 14 days in different states due to Raksha Bandhan, Muharram and many other festivals. Along with this, Saturday and Sunday holidays are also included.
LPG cylinder priceÂ
There may be a change in the price of gas cylinder in the month of August. Oil marketing companies can change the price of LPG cylinders as well as commercial cylinders. These companies change the price of LPG on 1st and 16th of every month. Apart from this, there may be a change in the rate of PNG and CNG.
Penalty for not filing ITRÂ
The last date for filing income tax return is July 31. These last dates are for those taxpayers who do not have to get their accounts audited. If you do not file ITR by this date, you may have to pay a penalty. In this case, you may have to pay penalty along with tax. Taxpayers may have to pay a penalty of up to Rs 5,000 for late ITR filing.
