5 Money Rules Changing Sept 1: Are You Ready?

From September 1, LPG prices, ATF fuel costs, bank charges, and KYC rules are all set to change. Plus, August 31 is a hard deadline for certain ITR filers and Aadhaar authentication. Here's what you must act on before the month ends.

Here's what happened: August 31 is a critical deadline for Aadhaar authentication and revised ITR submissions — missing it triggers late fees of up to ₹5,000 for most individual taxpayers.. LPG cylinder and ATF (aviation turbine fuel) prices are revised on the 1st of every month by oil marketing companies, with September 1 revision affecting household cooking and travel costs.. Several banks update service charges — including IMPS transaction fees, cash withdrawal limits, and minimum balance penalties — effective September 1 each year or quarter..

What you should do: Log in to incometax.gov.in before August 31 to verify your ITR filing status, Aadhaar-PAN linkage, and whether any revised return needs to be submitted.. Check your bank's website or app for updated service charge schedules effective September 1 — compare IMPS fees, cash withdrawal limits, and minimum balance requirements.. Check your local LPG distributor or the My LPG app on September 1 to see the revised cylinder price before booking, so you can budget accordingly..

Pro tip: Filing a revised ITR before August 31 is free — after that, a ₹5,000 late fee applies even if you are filing a correction, not a fresh return.

For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.