ITR submitting to Aadhaar PF hyperlink — 4 cash duties it is best to full by December 31
New 12 months 2022 is about to start. But inside few days left within the 12 months 2021, there are some essential money-related duties that one wants to finish by thirty first December. These essential duties are earnings tax return or ITR submitting, Aadhaar PF hyperlink, submission of life certificates for pensioners, and so forth. Failing to do these essential duties by thirty first December 2021 could result in inconvenience and financial loss for the defaulters.
Here we checklist out 4 essential money-related duties that one ought to full by thirty first December 2021:
1] ITR submitting: In the wake of Covid-19 pandemic and technical glitches on the brand new earnings tax portal, deadline for earnings tax returns or ITR submitting has already been prolonged a number of occasions. Now, the final date to file ITR for AY 2021-22 is December 31. Failing to satisfy this new deadline for ITR submitting, a taxpayer must pay as much as ₹5000 penalty.
2] Aadhaar PF hyperlink: Employees’ Provident Fund Organisation (EPFO) had made it necessary to hyperlink Aadhaar quantity with one’s EPF account. Deadline to finish this essential job is thirty first December 2021. Failing to hyperlink, EPF account and Aadhaar quantity by thirty first December 2021 will result in discontinuation of recruiter’s contribution in a single’s provident Fund (PF) account. The provident fund regulator has additionally directed employers to get the UAN (Universal Account Number) of all EPF account holders Aadhaar verified.
3] Submission of life certificates for pensioners: Deadline for submission of life certificates for pensioners has been prolonged from thirtieth November 2021 to thirty first December 2021. So, these pensioners who have not submitted their life certificates have simply few days left to do that. Failing to do that essential job will result in discontinuation of their month-to-month pension disbursal.
4] KYC of Demat and buying and selling account: In September 2021, the Securities and Exchange Board of India (SEBI) prolonged the final date for making Demat and buying and selling accounts KYC (Know Your Customer)-compliant to December 31. Failing to do that could result in closure of the stated Demat account.
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