Rules Changes from 1st October 2023: Some rules are changed on the first of every month. Which directly impacts the pockets of common people. Today i.e. on 1st October, many financial rules have been changed. These rules have affected everything from birth certificate to SIP of mutual funds. Let us tell you which rules have been changed on October 1.
Changed tax system for those traveling abroad
If you are fond of traveling abroad or you are planning to travel abroad then this is a big alert for you. For information, let us tell you that from October 1, you will have to loosen your purse strings for traveling abroad. If you take a tour package above Rs 7 lakh, you will have to pay 20% TCS. Let us tell you that expenses incurred on education and medical are out of this tax.
Small savings schemes may be closed!
For information, let us tell you that according to the changed rules from October 1, there is a big update for those investing in schemes like PPF, Senior Citizen Saving Scheme, National Saving Certificate. Let us tell you that the last date for linking PAN card and Aadhar card with the account was 30th September. If you haven’t done so. So your account can be suspended till the documents are submitted.
CNG-PNG gas may become expensive
For your information, let us tell you that the government has increased the price of natural gases to $ 9.20 per million British thermal units in the month of October. Which was 8.60 per dollar MMBTU in September, this price of gases will remain affected till October 31.
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