From PAN-Aadhaar linking to crypto tax: New financial changes from April 1
Some new rules has come into force in the country with the start of the new fiscal year. Here's everything you need to know!
New Delhi: The new financial year has started from today, i.e., April 1. Some new rules has come into force in the country with the start of the new fiscal year. Everyone, from ordinary people to businessmen, will be affected by these developments. Here's everything you need to know!
The Budget 2022-23 was approved by Parliament on Tuesday, March 29, with the Rajya Sabha returning the Appropriation Bill 2022 and the Finance Bill 2022. The Lok Sabha approved the two bills on Friday. The Union Budget was presented on February 1 by Finance Minister Nirmala Sitharaman.
Aadhaar-PAN linking
LPG Price
Tax break for homebuyers
The tax break for first-time home buyers that was announced earlier this year has not been renewed. The plan, which was unveiled in the 2019-20 Budget, provided an additional income tax advantage of Rs 1.5 lakh to persons purchasing residences worth up to Rs 45 lakh under section 80EEA of the Income Tax Act. It had been extended for two more years, but in Budget 2022, it was not renewed. It is likely that the amount of tax that must be paid will grow.
Post Office Scheme
Investing in the Post Office's Monthly Income Scheme, Senior Citizen Savings Scheme, or Post Office Term Deposit is subject to the following rules: The interest amount will not be available in cash and will need the opening of a savings account. For interest to be paid, the post office savings account or bank account must be linked to the scheme.
PF taxed
Crypto tax
