New Rules: A lot will change in India from January 1, 2024. All these new rules will have a direct impact on you. Know what the new rules are.
The date of January 1, 2024 is very important for you because many rules will change in the country from this date. The new rules include rules related to Income Tax Return, SIM Card, Demat Account and Bank Locker. Know about each one (New Rules).
After the new law, the rules related to your mobile SIM card will change. From January, before sending any message to the customer, his approval will be required. The government has asked telecom companies to do digital KYC. As soon as you go to get the SIM card, your details will be verified through biometrics i.e. your thumb.
Taxpayers will not be able to file Income Tax Return (ITR) for the business year 2022-23. The last date to file ITR with penalty fees is 31 December 2023. Action can be taken against those who do not file their ITR before the deadline.
The Reserve Bank of India (RBI) has ordered banks to complete the renewal process of Locker Agreement by December 31, 2023. Account holders will have to sign a new bank locker agreement. The new agreement will come into effect from the new year.
Market regulator SEBI had extended the nomination deadline for existing demat account holders by three months to December 31, 2023. If you do not do this, your account may be frozen.
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