Rules Change from August 1 Like every month, from August 1, 2024, many financial rules will change, which will have a direct impact on your and our pockets. On one hand, while the prices of LPG cylinders will change, on the other hand, KYC will become mandatory for Fastag across the country. At the same time, the rules related to HDFC credit card will also change.
From Thursday, August 1, many rules including Fastag and filing income tax returns are going to change. This will have a direct impact on your work. The rules which are changing include Google Map, Fastag and ITR. In such a situation, it is important for you to know these changes, otherwise you may have to suffer losses.
Fastag KYC will be mandatory
New rules of Fastag are being implemented across the country from August 1. In such a situation, Fastag KYC will be mandatory for the driver from August 1. Under the new rule, if you have a Fastag of three to five years old, then you will have to update your KYC. At the same time, Fastag older than five years will have to be changed before October 31.
Penalty will have to be paid for filing ITR
Wednesday was the last day to file income tax return. If you have not been able to file ITR, then a penalty will have to be paid from August 1, 2024. According to the rule, those with income less than five lakhs will have to pay a penalty of Rs 1000 after August 1. Also, a fine of up to Rs 5,000 may have to be paid.
Change in HDFC Bank’s credit card rules
HDFC has announced changes in its credit card rules from August 1. Now, for making payments through HDFC Bank credit card and using third party apps like credit, check, Mobikwik, Freecharge, you will have to pay one percent on the transaction amount. Its limit has been fixed up to Rs 3000. At the same time, you will have to pay one percent service charge on fuel transactions of more than Rs 15000. Changes have also been made in the rules of Tata New Infinity and Tata New Plus credit cards.
Google Map services become cheaper
Google Map has changed the billing policy, which is coming into effect from August 1, 2024. After the new change, the charge levied by Google Map for Indians has been reduced by 70 percent. Not only this, Google Map has promised to take its fees in Indian rupees instead of dollars. The effect of the reduction in Google Map fees will not be seen on common users. This will be applicable on those users who use Google Maps for business. Before August 1, Google used to charge 4 to 5 dollars per month for navigation in India. However, after August 1, 2004, it has been reduced to 0.38 to 1.50 dollars.
Banks will remain closed for 14 days
Banks will remain closed for a total of 14 days in August. This includes holidays from Janmashtami to Independence Day. In such a situation, if you have any important work related to the bank, then go to work only after looking at the list of holidays.
