Finance Rule Changes: If you do not complete this task by June 30, you are going to face a big financial loss. From cooking gas (LPG New Rule) to income tax rules (Income Tax) there are going to be big changes. So these 2 days are a very important day for everyone. Take a look at what tasks must be completed by June 30.
1 If LPG e-KYC is not done subsidy will be stopped
One thing you have to remember, if you are also using cooking gas (LPG) cylinders, it is mandatory for you to do e-KYC (Electronic Know Your Customer). As per government guidelines, failure to complete this process within the specified time frame may result in permanent termination of your gas subsidy.
For whom this work is important?
Remember, this rule is very important especially for the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY). However, general consumers (non-Ujjaba), who get regular gas subsidy, are also required to update this information.
How to complete this task?
You don’t need to suffer in queues for this. You can easily complete e-KYC by visiting your respective gas agency or at home through the company’s official mobile app.
2 Urgent updates regarding ITR and Income Tax
While the last date for filing Income Tax Return (ITR) is usually July 31, June 30 is especially important for taxpayers.
Verification Notice Vertical: If the Income Tax Department finds any irregularities in the returns or documents of a taxpayer, it can issue a notice of scrutiny or inquiry before June 30.
Verify the documents: Besides, if there is any discrepancy in the information in your Form 26AS, AIS (Annual Information Statement) or bank records, the Income Tax Department can start investigation. So keep all your financial documents updated and verified by June 30 to avoid any legal complications or penalties. Remember, if you don’t do this kind of work, you may face problems in various government jobs later.
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