1st August Rule Change: Many important rules will change from tomorrow, will directly affect your pocket, see immediately
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EMI will be affected by changing the repo rate
reserve Bank of India (Reserve Bank of India) The meeting of the Monetary Policy Committee (MPC) is to be held on 8-10 August. The meeting of this six-member committee will be presided over by the Governor of the Reserve Bank. In this, if the repo rate is changed, then the amount of your EMI will increase.
Changed rule of GST
The government has announced that from August 1, businessmen with more than five crore turnover will have to give electronic invoices. This decision has been taken by the government in the direction of curbing the evasion or rigging of GST.
Penalty will be imposed on paying income tax
July 31 is the last date for filing income tax return without any penalty. After this, a fine ranging from one thousand to five thousand can be charged by the Income Tax Department for filing income tax by December 31. However, some people believe that the last date for filing income tax can be extended.
Bank will have 14 days holiday
Due to the beginning of the festive season in August, there will be a holiday for banks for 14 days in the month. This includes the weekly holiday of Sunday and Saturday. Apart from this, many festivals including Raksha Bandhan, Independence Day are included. In such a situation, planning has to be done in advance to do the work of the bank.
LPG price may change
It is possible to change the prices of LPG on the first of August. The prices of LPG are changed by the gas companies from 1st to 16th. Let us tell you that there can be a change in the rates of PNG and CNG along with LPG.
Amrit Kalash Yojana is being closed by State Bank
After August 15, the special FD scheme Amrit Kalash is being closed by the country’s largest bank State Bank of India. This special scheme of the bank was started on the occasion of Amrit Mahotv of Independence. In this, the investor gets 7.1 percent interest for regular customers and 7.6 percent interest for senior citizens on a 400-day term deposit scheme.
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