Happy New Year 2024: These important Rules change from today night

Happy New Year 2024: On the first day of every month, some new rules come into force. As these have a direct impact on the daily life of a common person, it is important to know what rules are formed on the first day of the month. These important Rules change from today night.

Here are some of the New rules starting January 1, 2024:

Cheap Gas cylinders: In Rajasthan, LPG cylinders under the Pradhan Mantri Ujwala Yojana (PMUY) will be available for Rs 450, down from the current rate of Rs 500.

To close inactive UPI accounts: National Payments Corporation (NPCI) has directed payment apps to deactivate UPI IDs that have been inactive for more than one year from December 31.

Paperless KYC for sim cards: On the first day of the new year, the existing process of paper-based Know Your Customer (KYC) process will be replaced by paperless KYC. However, the rules for new mobile connections remain unchanged.

Also Read: LPG Gas E-KYC: No Need To Stand In Line; Do It From Home, Here Is The Direct Link

Bank locker agreement: People with bank lockers must sign the revised bank locker agreement by December 31, failing which, their lockers will be frozen from the next day.

Also Read: Post Office New Scheme: Just Invest Rs 1500 And Get Rs 35 Lakh

Income Tax Returns: December 31 is the last date for late and revised ITRs (July 31 is the last date for regular ITRs). Taxpayers who file late returns have to pay a maximum penalty of Rs 5000, while the process is free for those who file revised returns.