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Home Personal Finance Changes from 1 August 2023: From cylinder prices to bank holidays, know...

Changes from 1 August 2023: From cylinder prices to bank holidays, know what will change from one date

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Changes from 1 August 2023: From cylinder prices to bank holidays, know what will change from one date

Banks are full of holidays in the month of August. Due to Rakshabandhan, Muharram, Janmashtami and many other festivals, banks will be closed for a total of 18 days in different states.

New Delhi: Only a few days are left for the month of July to pass. The month of July is considered very important in many ways. Since the beginning of August many rules have changed. In such a situation, it is very important for you to know these changed rules. Know what rules are changing from August 1…

This rule related to check is going to change,

There is big news for the customers of Bank of Baroda. From August 1, 2022, an important rule related to the check of this bank is going to change. Positive Pay System has been made necessary by the bank for the payment of checks amounting to five lakh rupees or more. Now you have to give information to the bank for authentication before the check is cleared. The bank is going to do this to prevent fraud.

Know about bank holidays in August

Banks are full of holidays in the month of August. Due to Rakshabandhan, Muharram, Janmashtami and many other festivals, banks will be closed for a total of 18 days in different states. Along with this, Saturday and Sunday holidays are also included.

Price of LPG cylinder

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 cylinder as well as commercial cylinder. These companies change the price of LPG on the 1st and 16th of every month. Significantly, from June 16, there was an increase in the security deposit, due to which it became expensive to get a new gas connection. Last time there was an increase of Rs 50 in domestic gas cylinders, while the price of commercial gas cylinders was cut.

Penalty will be imposed on filling ITR

The deadline for filing income tax return is 31 July. The deadline for the last date is for those individual taxpayers who are not required to get their accounts audited. If you do not file ITR by this date, then you may have to pay a fine. In such a situation, you may have to pay a fine along with the tax. If your income is more than Rs 5 lakh, then you may have to pay a fine of up to Rs 5,000. Similarly, if your annual income is less than Rs 5 lakh, then you may have to pay a penalty of up to Rs 1,000.

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