There are only a few days left for the new financial year 2025-26 to start. The new financial year will start from Tuesday,April 1. With the start of the new financial year,many financial rules will also change for crores of common people of the country. Today we will know about those rules here,which are going to change from April 1. Do you also want to know what changes are going to happen from April 1? So let’s know.
Know the preparations to curb fraud
To curb the increasing financial fraud in the country,NPCI is going to make a big change in the rules of UPI from April 1,2025. If the mobile number linked to your bank account from which you are running UPI is inactive for a long time,then such UPI ID will be closed from April 1 and your UPI will not work.
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Know the opportunity to go to the old system
If you are in the new tax system and now want to go to the old tax system,then you can make these changes. If you do not declare the old tax regime at the time of tax filing,the system will automatically put you in the new tax regime.
Know the necessity of PAN-Aadhaar linking
If you have not linked PAN and Aadhaar yet,you will stop getting dividends from April 1,2025. Along with this,the TDS deduction made from dividends and capital gains will also increase. Not only this,you will not get any credit in Form 26AS.
Stricter rules for mutual funds and demat accounts
From April 1,2025,the rules related to KYC for mutual funds and demat accounts are going to be strict. New rules made by SEBI for non-banking financial companies are going to come into force. According to the new rules,all users have to double-check their KYC and all the details of the nominee. You have to do verification. If you do not do this,your account can be frozen.
These changes from April 1 will have a direct impact on your pocket. Therefore,it is important to know about these changes and prepare in time. Link PAN-Aadhaar,update KYC,and declare your tax status. These changes can help you avoid financial losses and move forward smoothly in the new financial year.
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