Big changes to come into effect from 1 April - from gas cylinder price, medicine, property tax, cryptocurrency to banking rules; all you need know!
New Rules From 1st April 2022: The new financial year is going to start on April 1. The beginning of the new financial year will also mark the changes in many aspects of ones life from banking, housing to investmenst in avenues like cryptocurrency. Here is all you need to know!
(Pic: Pixabay and Reuters)
PNB Announcement
PNB has announced that the bank is going to implement the positive pay system from April. Check payment under the positive pay system will not be possible without verification and this rule is mandatory for checks of Rs 10 lakh or more. (Pic: Reuters)
Tax on cryptocurrencies
From April 1, the government will impose a 30% tax on virtual digital assets (VDA) or cryptocurrencies. (Pic: Pixabay)
Buying a house will be expensive
From April 1, the difficulties of the common man may increase because buying a house will also become expensive. The central government is going to stop giving tax exemptions to home buyers under section 80EEA. (Pic: Pixabay)
Medicine Price Hike
Medicines can also become expensive from April 1. The prices of many medicines like pain killers, antibiotics, phenobarbitone, phenytoin sodium, azithromycin, ciprofloxacin, anti-virus are going to increase. The price of these medicines may increase by 10 percent from April 1. (Pic: Reuters)
Gas cylinder prices may increase
Like every month, there can be a change in the price of gas cylinders on the first day of April also. The prices of petrol, diesel, and LPG are increasing these days. In such a situation, it is expected that the price of gas cylinders will increase again in April. (Pic: Reuters)