Tomorrow is August 1, so many rules are about to change. Yes, and the new changes can cause many problems to the people and can have a direct impact on the pockets of the people. Now we tell you which rules are going to change from the first of August month.

Farmers will not be able to do KYC- You have also been given the time of July 31 for KYC of PM Kisan Samman Nidhi Yojana. In fact, from August 1, farmers will not be able to do KYC and for the convenience of the farmers, it was announced by the central government to extend the last date of e-KYC. However, earlier the last date for conducting e-KYC was May 31.

Penalty for filing ITR- The deadline for filing income tax returns is July 31. Yes and this deadline is for those taxpayers who do not need to get their accounts audited. With this, if you do not file ITR by this date, then you may have to pay a penalty further. Yes, and if your annual income is more than Rs 5 lakh then you may have to pay a fine of up to Rs 5,000. Similarly, if your annual income is less than Rs 5 lakh, then you may have to pay a fine of up to Rs 1,000.

The rules related to checks will change- Bank of Baroda is going to change an important rule related to checks from August 1, 2022. In fact, the bank will implement a positive pay system for the payment of checks with an amount of five lakh rupees or more. At the same time, before the check is cleared from next month, the bank will have to give information for authentication. Along with this, the bank is going to do this to prevent fraud and in the check, you will have to enter the beneficiary name, account number, amount, check number etc. through SMS ATM, Internet Banking and Mobile Banking. At the same time, after this, all this information will be cross-verified and only then the check will be cleared.

Banks will be closed for 13 days next month- Banks are going to be closed for 13 days in the month of August due to festivals and holidays. The big festivals are next month from Independence Day, Rakshabandhan, Janmashtami and Ganesh Chaturthi. Due to this, banks will be closed for about 13 days.

Change in LPG Price Possible- LPG prices change on the 1st of every month. This time too, there is a possibility of a change in the price of gas cylinders from August 1. Yes, this time companies can change the price of both domestic and commercial gas cylinders. Let us tell you that last time the commercial gas cylinder became cheaper while the domestic gas cylinder was increased by Rs 50.

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