New Rule From July: The month of June is ending and the new month is starting from July. In such a situation, like every other time, many big changes are going to happen this time too. There is going to be a change in the prices and rules of many things including cooking gas, commercial gas, CNG-PNG.
These changes in the month of July will affect the pocket of the common man. In such a situation, you should have complete information about it. Let us know what is going to change for you from July 1.
LPG price change
The price of LPG gas is fixed or revised every month by the government oil companies of the country. This time also the price of LPG gas is expected to change on the 1st. During May and April, the price of 19 kg commercial use gas cylinder was cut, but the price of 14 kg gas cylinder price was not changed. For this reason, this time there is a possibility that the prices of LPG may be reduced.
20% TCS on credit card expenses
There is a provision to apply TCS on spending through credit abroad, which will be applicable from 1 July 2023. Under this, TCS charge of up to 20% will be levied on the expenditure of more than 7 lakhs, but for education and medical, this charge will be reduced to 5%. Whereas, if you are taking education loan abroad, then this charge will be further reduced to 0.5 percent.
Change in price of CNG and PNG
Like every month, there may be a change in the price of CNG and PNG this month as well. Petroleum companies in Delhi and Mumbai change the price of gas on the first date.
Last date to file ITR
Every taxpayer has to file ITR. The last date for filing income tax return is ending in July. In such a situation, if you have not yet filed ITR, then file it by 31 July.
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