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Before the end of December, the last dates for many important works related to taxes, documents and government schemes have come out. If PAN-Aadhaar linking, ITR, advance tax or ration card e-KYC is still incomplete, then delay can prove costly. The government does not give chances again and again, hence it is very important to complete all these important tasks before 31st December.
As soon as December starts, the deadlines for many works related to tax, banking and government schemes rapidly approach. Many people keep postponing these tasks throughout the year and the problems increase at the last moment. The government does not give chances again and again, hence it becomes very important to complete every important work before 31st December. If you have not yet completed PAN-Aadhaar linking, advance tax, ITR or ration card e-KYC, then the delay now can prove costly.
If your tax liability exceeds Rs 10,000 even after deducting TDS, then it is necessary to pay advance tax. The last date for paying its third installment has been fixed as December 15. If advance tax is not paid on time, both interest and penalty may be imposed, which significantly increases your total tax burden. Advance tax is the most important step in financial planning, so do not postpone it till the last day.
If you have not filed ITR for the financial year 2024-25 on time, then you can file Belated ITR till 31st December. However, for this, late fees will have to be paid – Rs 1,000 for those with income less than Rs 5 lakh and Rs 5,000 for those with income more than Rs 5 lakh. Even if 31st December passes, you will not be able to file the return. Due to this, refunds can be stopped and many financial activities can be affected.
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It is mandatory for those whose Aadhaar is created on or before October 1, 2024, to link PAN-Aadhaar by December 31, 2025. If not linked, your PAN may become inactive, due to which banking services will be stopped, demat and investment related work will get stuck and ITR filing will also not be possible. Linking is easy – can be done both through Income Tax Portal and SMS.
If PAN is deactivated, facilities like fixed deposits, mutual funds, share trading, credit card updates will be immediately affected. Many people remain unaware of this and then suddenly problems start arising in the bank. Therefore, do not take PAN-Aadhaar linking lightly, complete it on time.
In many states like UP, Bihar, Rajasthan, the last date for ration card e-KYC has been fixed as December. In case of not getting e-KYC done on time, receipt of ration may stop from January 2026. Therefore, keep the documents of every family member ready and go to the nearest center to get e-KYC done.
The government has extended the application date for Pradhan Mantri Awas Yojana, which provides assistance up to ₹ 2.5 lakh for building a house, to December 31. Interested candidates can apply online by keeping Aadhaar, income certificate and residence certificate ready. It is unlikely that we will get this opportunity again.
The year is about to end and before that it is very important to complete many financial and government works. Be it ITR, PAN-Aadhaar linking, ration card e-KYC or housing scheme application – every task is related to your financial security. To avoid last minute rush and technical problems, complete all the work as soon as possible, because the government does not give opportunities again and again.
