July 1 will change your world: Be prepared for changes other than GST:

Here is the changes coming from July 1:

1. New curriculum for CA:

Prime Minister Narendra Modi will launch on July 1 a new syllabus for those studying to become chartered accountants. The new syllabus is in accordance with International education standards of the International Federation of Accountants and also includes new taxation system, the GST.

2. No filing of I-T return without Aadhaar:

The government has made it compulsory to mention Aadhaar for filing of income tax return. Without Aadhaar, you won't be able to file your return after July 1.

3. Linking of Aadhaar with PAN becomes mandatory:

The government has also made it compulsory to link Aadhaar with PAN to stop people using multiple PANs to evade taxes. If a person does not link PAN and Aadhaar as mandated by Section 139AA of the Income Tax Act, his PAN could become invalid.

4. No New PAN card without Aadhaar:

Aadhaar becomes must for getting new PAN. You won't be able to get a PAN card after Saturday without your Aadhaar card.

5. Linking PF account with Aadhaar:

Employees' Provident Fund Organisation (EPFO) has made it compulsory to link PF account with Aadhaar by June 30. Pensioners are also asked to furnish Aadhaar details.

So be ready to adopt these changes from July 1.