Demat account nomination to bank locker agreement: Top five personal finance tasks to complete by December 31
₹5,000. However, taxpayers whose total income remains below ₹5 lakh will only have to pay a reduced penalty of ₹1,000.
Mobile phone users will be able to get new SIM cards without filling out the paper forms on the first day of 2024. According to a notification by Department of Telecommunications (DoT), the paper-based know-your-customer (KYC) process will be done away with from January 1.
"Considering various amendments/changes made in the existing KYC framework from time to time, it has been decided by the competent authority that the use of Paper-based KYC process, as envisaged in instructions dated 09.08.2012, shall be discontinued effect from 01.01.2024," the notification read. Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
