Every month brings new changes. In such a situation, the month of July is also bringing many changes. As a citizen, you must be aware of the changes going to happen in July. These changed rules will directly affect your pocket. In July, many changes are going to happen from the prices of gas cylinders to the rules related to credit cards. Apart from this, the Reserve Bank of India has also released the list of holidays falling in July. In such a situation, if you want to go for any work related to the bank, then it is important to know about the list of bank holidays. In this episode, today we are going to tell you about the rules being changed from July 1, 2023. Let's know about them in detail -
IT
The last date for filing an income tax return has been fixed as July 31, 2023. In such a situation, you should file your income tax return before 31st July as soon as possible. If you don't do this. In this case, you may have to pay a penalty.
Credit Card
From July 1, TCS charges can be levied on credit card spending abroad. Under this rule, if you spend 7 lakhs or more, then you may have to pay 20 percent TCS.
Gas cylinder
There is a change in the prices of LPG gas cylinders at the beginning of every month. In such a situation, changes can be made in the price of LPG gas cylinders by the government oil companies from July 1.
Banks will remain closed for so many days
Banks will remain closed for a total of 15 days in July. If you want to know on which days the banks will be closed in July. In such a situation, you can see the list of bank holidays by clicking on the link given below.
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