Finance related works to be completed by 31st December: The current year is ready for us to say goodbye, making way for the new year 2022 that begins this weekend. However, with the three days left in this year, there are many things that an Indian citizen has to fulfill and submit to avoid many situations. Out of these the tasks related to your personal finance are of utmost importance and you should complete them positively by 31st December i.e. Friday. From ITR filing to submission of your life certificate, here is a list of four money-related tasks that you will need to complete by the end of this year.
i) PF-Aadhaar link mandatory till December 31: EPFO has made it mandatory to link the Universal Account Number (UAN) of your PF account with Aadhaar with effect from December 31, 2021. The EPFO had earlier said that it would be effective from June this year. If you do not link your UAN with your Aadhaar number by December 31, you may have to face many consequences. One, if you do not link the accounts, you will stop getting employer contribution. Unless it links the accounts and the data is approved by the employers and authorities, the employees will face delay in remittance. Also, they will not be able to withdraw PF money from their accounts.
ii) Due date for filing ITR 31st December: The last date for filing your income tax return has been extended by the government till 31st December this year, in view of the COVID-19 pandemic. The deadline was also extended after users complained of glitches in the Income Tax portal. Her original deadline was July 31, 2021. If a person fails to file his ITR for the year 2021-22, he will have to pay a fine of up to Rs 5,000 and other charges. Hence it is advised to file your ITR within the due date. The Income Tax Department has recently disclosed that more than 4.43 crore Income Tax Returns (ITRs) have been filed for the financial year 2020-21.
iii) Last date to submit your Jeevan Pramaan or Jeevan Pramaan: The Department of Pension and Pensioners’ Welfare (DOPPW) has extended the last date for submission of a memorandum to December 1 life certificate, After this move, pensioners will have to submit their Jeevan Pramaan by December 31 to get their pension uninterrupted. This decision has been taken in view of the COVID-19 pandemic. Jeevan Pramaan, also known as Jeevan Pramaan, is an essential document of existence for a pensioner that serves as a proof that he/she is still alive. “In view of the ongoing COVID-19 pandemic in various states and keeping in view the vulnerability of the elderly population to the corona virus, it has now been decided that the existing timings for submission of life certificates for all age groups of pensioners The limit should be increased from Rs.30/-. After 11/2021,” the DoPPW said in the memorandum earlier this year.
iv) KYC of Demat and Trading account to be done: The Securities and Exchange Board of India (SEBI) in September had extended the deadline for all stock market investors to complete the KYC (Know Your Customer) process of trading and demat accounts. Failure to do so may result in closure of your demat account.
In respect of all the above points, the eligible persons should complete these procedures immediately to avoid any adverse situation.
read all breaking news, today’s fresh news And coronavirus news Here.
,