More Tariff Hikes Ahead
Vodafone Idea has announced new plans for its prepaid and post-paid plans effective July 4. The announcement comes after the other two major telecom operators Reliance Jio and Bharti Airtel announced tariff hikes of up to 25 per cent.
This new hike was first done by Jio, while the first two tariff hikes were led by Bharti Airtel. In such a situation, analysts believe that this time Jio surprised everyone as it used to be behind in raising rates to gain customer market share.
More Tariff Hikes Ahead: Will there be more tariff hikes going forward?
Analysts at JM Financial have said that there is a “possibility of tariff hikes in the future” due to limited monetization opportunities and Jio’s huge 5G capital expenditure of Rs 2,000 billion amid its listings.
Why is July 15, 2024, important
Due date for issue of TDS certificate for tax deducted under section 194-IA is May 2024. Due date for issue of TDS certificate for tax deducted under section 194-IB is May 2024. Due date for issue of TDS certificate for tax deducted under section 194M is May 2024. Due date for issue of TDS certificate for tax deducted under section 194S (by a specified person) is May 2024. Quarterly statement in respect of foreign remittance (to be furnished by authorized dealers) in Form No. 15CC for the quarter ending June 2024. Date for quarterly statement of TCS deposited for the quarter ending June 30, 2024. Date for uploading of declarations received from recipients in Form No. 15G/15H during the quarter ending June 2024. The due date for furnishing of details in Form No. 3BB by the stock exchanges in respect of transactions where client codes have been modified after registration in the system is June 2024.
Why 30th July 2024 is important
30th June 2024 is the due date for furnishing quarterly TCS certificate in respect of tax collected by a person for the quarter ending June 2024, due date for furnishing challan-cum-detail in respect of tax deducted under section 194-IA for the month of June 2024, due date for furnishing challan-cum-detail in respect of tax deducted under section 194-IB for the month of June 2024, due date for furnishing challan-cum-detail in respect of tax deducted under section 194M for the month of June 2024, due date for furnishing challan-cum-detail in respect of tax deducted under section 194S (by specified person) in June 2024.
Why 31st July 2024 is important
31st July is the date for quarterly statement of TDS deposited for the quarter ended 30th June 2024. Last date for filing ITR is 31st July 2024 by corporate-taxpayers or non-corporate taxpayers (whose books of account are required to be audited) or partners of a firm whose accounts are required to be audited or spouse of such partner, if the provisions of section 5A apply or any taxpayer who is required to furnish report under section 92E. Also, last date for filing tax returns for all taxpayers. Quarterly return of non-deduction of tax at source by a banking company from interest on time deposits in respect of the quarter ended 30th June 2024. Statement 5F by scientific research association, university, college or other association or Indian scientific research company as required by rule 5D, 5E and 5F (if the due date for filing income tax return is 31st July 2024).