Income Tax Return Filing To Linking Aadhaar With UAN: These 4 Financial Tasks Should Be Completed Before Dec 31 | Full List Here

By Spreadit English On Dec 23, 2021

The last date to file your income tax return is right around the corner, today we will list a few important things that you must do before December 31^st.

Starting from filing your IT Returns to retirees providing an annual life certificate, here is a list of things that you must keep in mind.

IT Returns before December 31: The Central Board of Direct Taxes has extended their deadline to file IT returns before December 31, 2021. The deadline was extended twice, first, it was July 31 and then September 30 and now December 31. As we know, due to some technical issues at the new IT portal, the deadline was shifted to December 31^st. To avoid penalties, all the citizens are required to file their IT returns before Dec 31.

Annual Life Certificate: The Central government has extended the deadline of annual life certificate submission to December 31. This document is important for retired employees so that they continue to receive their pensions. This document also has to be submitted before December 31.

Demat, trading accounts to be KYC compliant: SEBI (The Securities and Exchange Board of India) extended their deadline to make citizens’ Demat and trading accounts KYC-compliant before December 31. Previously the deadline for this process was also September 30. As per the notice of SEBI in April 2021, the citizens must ensure that 6 important KYC attributes are updated in their existing trading and Demat accounts.

Link Aadhaar with UAN: The Union Ministry of Labour has extended its deadline to link UAN with Aadhaar till December 31. This step was taken due to the brutal impact of COVID 19’s 2^nd wave. It is specifically meant for north-eastern states. Linking your EPF account with Aadhaar will help you speed up the claim settlement. According to the EPFO, if you wish to file an online EPF claim then your UAN and Aadhaar card must be linked.

With the deadlines coming close, you must gather all the documents and submit them online with the help of a financial advisor or online. Most of the processes of ITR are now online but the technicalities can be a challenge for some citizens.

For more breaking news, click here.