Commercial cylinders are cheaper, bikes become expensive; The rules related to Aadhaar-PAN link and tax also changed. Aadhar-pan link and tax related rules changed, bike became expensive

New Delhi9 minutes ago

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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 from 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 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 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 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 accounts 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 becomes 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 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 (12 pm 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. Click here to know the new rates

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