Business News: If your Aadhaar was issued on or surpassing 1 October 2024, you must link your PAN with Aadhaar by 31 December 2025. Failure to do so will render your PAN inactive, well-expressed banking, investments, demat finance and worthiness to file ITR. The linking can be washed-up hands via the Income Tax e-filing portal or by sending an SMS. Don’t delay-banks and financial transactions could stall soon after.
Belated ITR Filing Window Closes Soon
Taxpayers who skipped the ITR filing for fiscal year 2024–25 still have time. The last stage for belated ITR submission is 31 December 2025. Without this, no returns for 2024–25 will be accepted. Late fees wield — 1,000 for incomes unelevated 5 lakh and up to 5,000 for higher incomes. If you miss this, you lose your opportunity for the year.
Advance Tax’s Third Installment Due Mid-December
Those whose tax liability without TDS exceeds 10,000 must pay whop tax — or squatter penalties. The third and final installment deadline is 15 December. Delay ways interest and uneaten charges. Check your liability and settle it promptly to stave avoidable costs.
Ration-Card E-KYC Moreover Ends This Month
In several states — including Uttar Pradesh, Bihar and Rajasthan — December is moreover the final window for ration vellum E-KYC. Miss this deadline, and subsidies or rations could be stopped from January 2026. If your ration vellum E-KYC remains incomplete, act now.
Subsidy Under PM Awas Scheme: Last Stage Near
The subsidy under the housing scheme for towers a home — up to 2.5 lakh — now has its using deadline extended to 31 December. Interested beneficiaries must submit required documents: Aadhaar, income document and residence proof, and wield online soon, surpassing the window shuts.
Why These Deadlines Matter For Everyone
Delays in PAN–Aadhaar linking or ITR filing can woodcut banking, investments and financial compliance. Unpaid whop tax invites interest and penalty. Ignoring E-KYC or subsidy deadlines can midpoint loss of benefits. These are not just paperwork items — they stupefy your financial profile, credit history and future wangle to government schemes.
What Should You Do Now-Checklist For 2025 End
Before 31 December: link your PAN with Aadhaar; file ITR if missed; ensure whop tax is paid (if applicable); well-constructed ration-card E-KYC; wield for PM Awas subsidy (if eligible). Do it today — don’t wait. Once the deadlines pass, don’t expect the government to reopen them.
