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Changes From 1st August: From ITR to LPG rates, these 5 major changes will be implemented from tomorrow

SBI Amrit Kalash Scheme: Today is the last date of July and the month of August will start from tomorrow. Like the beginning of every month, this time also some big changes will be implemented from tomorrow.

August 2023 is also bringing some changes. Their effect will be on the common man of the country to the special. These changes include changes in the price of LPG gas cylinders, credit cards and rules ranging from filing income tax (ITR Filing). It is very important for you to know about these changes as well.

On the 1st and 16th of every month, the rate of LPG cylinder is changed by the oil companies. But last month on July 1, no change was seen. At that time there was no change in the price of domestic and commercial LPG cylinders.

After this, on July 4, 2023, the oil companies had increased the price of commercial cylinders. At present, the rate of 19 kg commercial cylinder has increased to Rs 1,780 per cylinder. Last month, there was no change in the rate of domestic LPG cylinders.

The last date for filing ITR is 31 July 2023. These deadlines are for taxpayers who do not have to get their accounts audited. But if you do not file ITR, then from August 1, you may have to pay a fine. Taxpayers with annual income up to Rs 5 lakh will have to pay a late fee of Rs 1,000, while those with income above Rs 5 lakh will have to pay a late fee of Rs 5,000 for late ITR filing.

Axis Bank credit card users are going to get a shock. The bank is reducing credit card cashback and incentive points from 1st August. This change is being done for Axis Bank Flipkart Axis Bank Credit Card users. It will be brought into effect from August 12.

This time in August, there will be a bank holiday for 14 days. This month, due to many festivals including Raksha Bandhan, banking operations will remain closed in different states. During this, you can do transactions through net banking. Pink notes of Rs 2000, which have been taken out of circulation, will not be exchanged during these holidays along with other banking works.

The last date for investing in SBI’s Amrit Kalash Scheme is August 15, 2023. According to the information given by SBI, on investing in the scheme for 400 days, interest will be given at the rate of 7.1 percent. In this scheme, the interest rate for senior citizens has been increased by 0.50 percent.

Bank holders Alert : Big news about government and private banks! Banks will remain closed from now on, time has also changed!

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap, has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @jharkhandbreakingnews@gmail.com
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