Are you ready: These five things will change from October 1, if you know beforehand then there will be no problem later.

Whether we stay at home, go to school-college or go to office, etc. There are some rules and regulations made everywhere and sometimes these also keep changing. Similarly, the government also keeps changing many types of rules and keeps implementing many new rules. In this series, many big financial changes are going to happen in the country from October 1, 2023. In such a situation, these changes may affect your pocket also. So let us know what changes are going to happen from October 1. You can learn about them in the next slides...

These changes are going to happen:-
Rules related to PAN-Aadhaar
Note that if you do not submit your Aadhar card or PAN card from October, then the accounts maintained under small savings schemes like Public Provident Fund i.e. PPF, Senior Citizen Savings Scheme i.e. SCSS, National Savings Certificate i.e. NPS will be suspended. Therefore, submit both these documents on time.

Rs 2000 note banned
Rs 2000 note will not be in circulation from October 1, 2023, the order for which has already been given by the government. In such a situation, if you have this note, it will be just a piece of paper. You can deposit it in the bank by 30 September 2023.

Birth certificate
Recently, the Registration of Births and Deaths (Amendment) Act 2023 was much discussed, which will now be implemented from October 1, 2023. Under this, birth certificates can be used as a single document for appointments in government jobs, making DL, preparing voter lists, registering marriage, and many other works.

TCS new rule
TCS rule is also going to be implemented from October 1, due to which if you travel abroad from October 1, then 20 percent TCS i.e. tax collection at source will be applicable on it. Also, if you do any transaction in another country, then this TCS will apply to that also. If you invest in foreign stocks, invest in cryptocurrencies abroad, travel internationally, or invest in mutual funds, then this is important for you.

Rules related to Demat account
If you are associated with a trading account, demat account, and mutual fund, then you need to get your nomination done by 30 September 2023. If you do not do this, all these accounts of yours will be frozen by SEBI.

(PC: iStock)