Here, we provide a brief overview of some of the major adjustments as 2024 approaches. The first month of 2024 is expected to bring with it a plethora of noteworthy changes to numerous rules and regulations that affect the average person, ranging from income tax returns (ITRs) to SIM cards, as the year comes to an end. Delayed Income Tax Return filing:The last date to file Income Tax Returns with penalty fees for the fiscal year 2022-23 is December 31. People who don't file their taxes by the deadline will pay a late filing fee, as stated in Section 234F of the Income Tax Act. Documents for simplified health insurance policies:IRDAI, the insurance regulator has told insurers to release revised customer information sheets (CIS) for health insurance policyholders with effect from January 1, 2024.

Source: dna December 31, 2023 15:34 UTC