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Key Financial Changes And Deadlines In December 2024 You Should Know About

1. Income Tax Belated Return Deadlines

If one has missed the initial deadline to file income tax returns for the fiscal year 2023-24, then it still can be filed till December 31, 2024,as a belated return. However, penalties and interest on any unpaid taxes may need to be paid.

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ITR
ITR

2. Aadhaar Updates

Aadhaar card is more than an identity card on today’s date as it is interlinked with various financial services. If the details on the card are outdated, then one must update them till December 14, 2024.

Aadhaar Details
Aadhaar Details

3. Trai’s Counter Measures Against OTP Scam

Beginning December 1, telecom operators must comply with TRAI's (Telecom Regulatory Authority of India) new rules to ensure message traceability. This initiative seeks to reduce OTP fraud while maintaining prompt message delivery.

4. LPG Price Revisions In December

Oil companies new LPG services are out and those will be followed as their monthly schedule.

LPG Price
LPG Price

5. Credit Card Changes

Beginning from December 1, Yes Bank has imposed a limit on YES Rewardz points for flights and hotels. Cardholders can use points to cover up to 70 percent of the invoice amount, with monthly limits differing according to the card type. Likewise, Axis Bank and Au Bank have also introduced modifications.

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Credit Card
Credit Card

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