From PAN-Aadhaar linking to crypto tax: New financial changes from April 1

The Permanent Account Number (PAN) with Aadhaar linking will be mandatory from today, i.e. April 1. Otherwise, Rs 500 penalty will be implemented for the linkage.

Commercial 19-kg LPG cylinder price is increased by Rs 250 from April 1. It will now cost Rs 2253 in Delhi.

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.

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.

If your PF payment is higher than Rs 2.5 lakh for non-government employees and Rs 5 lakh for government employees, you will be charged interest from your provident fund. This restriction does not apply to contributions of less than Rs 2.5 lakh.

Taxation on crypto assets has begun from today with virtual digital assets subject to a 30% tax when sold for a profit. The announced 1% TDS regime, on the other hand, will take effect on July 1, 2022.