The deadline for filing Income Tax Returns for Fiscal Year 2023-24 (Assessment Year 2024-25) is July 31, 2024.
As the deadline for filing Income Tax Returns (ITR) on July 31, 2024, approaches, several important financial deadlines and regulatory changes are coming into effect. Here are some key dates and changes to be aware of:
Key Deadlines
July 1, 2024: Changes to SBI Card credit card rules and ICICI Bank credit card charges become effective.
July 15, 2024: Completion of Citibank credit card migration to Axis Bank.
July 20, 2024: Paytm Payments Bank will close inactive wallets.
July 31, 2024: Deadline for filing Income Tax Returns for Fiscal Year 2023-24.
Paytm Wallet Closures
On July 20, 2024, Paytm Payments Bank will close wallets with a zero balance that have had no transactions for over a year. According to the bank’s website, "All wallets that have not had any transactions for the last year or more and have a nil balance will be closed effective July 20, 2024. A communication will be sent to all impacted users, who will be given a 30-day notice period before the closure of their wallet."
SBI Card Credit Card Rule Changes
Starting July 1, 2024, SBI Card will no longer allow the accumulation of reward points on government-related transactions for several credit cards, including:
Air India SBI Platinum Card
Air India SBI Signature Card
Central SBI Select+ Card
Chennai Metro SBI Card
Club Vistara SBI Card
Club Vistara SBI Card PRIME
Delhi Metro SBI Card
Etihad Guest SBI Card
Etihad Guest SBI Premier Card
Fabindia SBI Card
Fabindia SBI Card SELECT
IRCTC SBI Card
IRCTC SBI Card Premier
Mumbai Metro SBI Card
Nature’s Basket SBI Card
Nature’s Basket SBI Card ELITE
OLA Money SBI Card
Paytm SBI Card
Paytm SBI Card SELECT
Reliance SBI Card
Reliance SBI Card PRIME
Yatra SBI Card
ICICI Bank Credit Card Charge Revisions
Effective July 1, 2024, ICICI Bank will revise various credit card service charges. Key updates include:
Increase in the card replacement fee from Rs 100 to Rs 200 for all cards except the Emerald Private Metal Credit Card.
Discontinuation of the following fees:
Cheque/Cash pick-up fee of Rs 100 per pick-up
Charge slip request fee of Rs 100
Dial-a-draft transaction fee of 3% of the draft value (minimum Rs 300)
Outstation cheque processing fee of 1% of the cheque value (minimum Rs 100)
Duplicate statement request fee of ₹100 for statements older than three months
Income Tax Return (ITR) Deadline
The deadline for filing Income Tax Returns for Fiscal Year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Taxpayers who miss this deadline can still file a delayed return by December 31, 2024.
PNB Rupay Platinum Debit Card Lounge Access Changes
Effective July 1, 2024, Punjab National Bank (PNB) will update the lounge access program for all Rupay Platinum Debit Card variations. The new benefits include:
One domestic airport or railway lounge access per quarter
Two international airport lounge accesses per year
Citibank Credit Card Migration
Axis Bank has notified Citibank credit card customers that all accounts, including credit card relationships, will be migrated by July 15, 2024.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Taxes")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}