You must deal with several important tasks in the last month of the financial year since the new fiscal year brings about several rule changes. Therefore, if any crucial task is stuck, finish it as soon as possible before March 31, or else you can face problems. Moreover, many new regulations will be implemented in April, just like at the beginning of every month (New Regulations From April 1, 2023). Therefore, you must be aware of the changes that will take effect on April 1.
Today, we will inform you of some significant changes (Rules Modifications Effective April 1, 2023) that will take effect on April 1 and have an immediate financial impact. If you know these changes, you won't have to worry about doing your task on time. Several things will change in the upcoming month, including gas cylinder prices, bank holidays, and the Aadhaar-PAN link. These adjustments may ruin your finances, negatively impacting your daily life. Let us tell you more about this.
Petrol-diesel and gas prices may increase.
Every month on the first, government oil firms release new petrol-diesel prices for gas cylinders. The cost of an LPG gas cylinder increased to Rs 50 in March. Also, the cost of the commercial cylinder was raised by Rs 350. The cost of petrol could fluctuate again the following month.
Banks will remain closed for so many days in April 2023.
The Central Bank of India has published the schedule of bank holidays for April 2023. (RBI). This means that there will be a total of 15 bank holidays in April 2023. Due to festivals and weekly holidays in several states, there will be 15 days of bank holidays in the following month. If there is any urgent job at the bank, take care of it quickly. If the bank holidays begin, you won't be able to do this crucial task.
Linking Pan-Aadhaar is important before March 31.
Therefore, if your PAN card has not yet been connected to your Aadhaar, do so immediately. Because March 31, 2023, is the final deadline for linking Pan Cards with Aadhaar. Thus, if you don't link your PAN card to your Aadhaar before March 31 (PAN Aadhaar link), your PAN card will expire. This could cause your crucial job to become stuck.
Rules for selling gold jewelry will change.
For people that purchase gold, the next month is equally crucial. Beginning on April 1, the Consumer Ministry will alter the regulations governing the selling of gold jewelry. The new regulation states that four-digit Hallmark Unique Identification (HUID) jewelry cannot be sold after March 31, 2023. In addition, only six-digit hallmarked jewelry will be sold starting on April 1, 2023.
