3 days ago
September Money Changes: ITR, LPG KYC and Charges
Several money-related deadlines and possible price changes are coming soon.
Some business and professional taxpayers must submit their income-tax returns by August 31, 2026.
People who miss the deadline may still file later, but they could have to pay a fee.
LPG customers also have until August 31 to complete Aadhaar-based biometric verification.
Not completing it could possibly cause problems with LPG services.
New rules for large fixed deposits will begin on October 1, not September 1.
These rules mainly affect bulk deposits of ₹3 crore or more and do not affect retail investors.
LPG prices, aviation fuel prices and some bank charges may also change after official reviews.
Non-audit business and professional taxpayers must file ITRs by August 31, 2026.
Eligible taxpayers can file belated returns for AY 2026-27 until December 31, 2026, subject to late fees.
LPG consumers must complete Aadhaar-based biometric e-KYC by August 31, 2026.
The revised bank rules for bulk fixed deposits begin October 1, not September 1.
LPG, aviation fuel and banking charges may be reviewed on September 1, depending on official decisions.
- Who
- Business and professional taxpayers, LPG consumers, fixed-deposit investors, bank customers and other consumers.
- What
- Tax-filing and LPG e-KYC deadlines are approaching, while banking rules and possible price or charge revisions are scheduled or under review.
- Where
- The changes apply in India, including through Indian banks, LPG providers and tax authorities.
- When
- The key deadlines are August 31, 2026; possible monthly revisions may occur on September 1; bulk-deposit rules begin October 1.
- Why
- Taxpayers must meet filing requirements, LPG consumers must complete verification, and customers should check for possible changes in prices or charges.
Key facts
- ITR deadline
- August 31, 2026, for non-audit business and professional taxpayers.
- Belated ITR deadline
- December 31, 2026, or before completion of assessment, whichever is earlier.
- Late-filing fee
- ₹1,000 if total income does not exceed ₹5 lakh; ₹5,000 in other cases.
- LPG e-KYC deadline
- August 31, 2026, for Aadhaar-based biometric authentication.
- Bulk-deposit rule start
- October 1; banks must publish rates for deposits of ₹3 crore or more every business day.
- Potential September revisions
- LPG cylinder prices, aviation turbine fuel prices and some banking or ATM charges may be reviewed.
Sources
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