8 rules are being changed from today. Some of it will put the burden on the general public and some will put the burden on the businessmen. However, apart from these 6 rules, there are changes in gas prices, implementation of labor code and some other issues which will be applicable. If there is some other change in these, then it is sure to have an effect on you too.
1,000 fee on Aadhar card-PAN link
Aadhar and PAN card linking from today will cost Rs 1,000. Till now it was Rs 500. Although it was free till March. If you do not link by March 2023, your PAN will be deactivated. This can be done manually by visiting the website of the Income Tax Department.
Demat account will be deactivated
If you have not done KYC of Demat account by 30th June, then it will now become inactive. That is, you will not be able to buy and trade in the stock market. Even if you buy the share, it will not be transferred to your account. This transfer will happen only after the KYC is completed.
Now one percent TDS on cryptocurrencies
From July 1, TDS of one per cent will have to be paid on the transactions of cryptocurrencies. According to the Income Tax Department, it will include all types of NFTs and digital currencies. It was announced in the budget this year.
Prices of two wheelers will increase
Prices of two wheelers will increase from July 1. Hero Moto has said that it will increase the prices of its vehicles by Rs 3,000 from July 1. Similarly, other companies are also ready to increase the prices.