December 2025 is almost over, and if you haven’t completed certain financial tasks, now is the time.
Today is December 17, leaving just 14 days to meet some important deadlines.
Missing them could lead to fines, penalties, or other problems.
Here are two key tasks you must complete before December 31.
File Your Belated Income Tax Return (ITR)
If you haven’t filed your income tax return for the financial year 2024-25, you have until December 31, 2025. Filing late will require you to pay a fee.
Risks of Not Filing on Time:
No refund: If you are eligible for an income tax refund, delaying your ITR could block or even cancel your refund.
Extra penalties and interest: Late filing attracts fines and interest, increasing your overall tax burden.
Weakened tax records: Consistent delays can affect your tax profile, which may impact future loans, visas, and financial planning.
Higher risk of notices: Not filing on time can draw attention from the tax department, increasing the chance of receiving an income tax notice.
Tip: Avoid procrastinating.
File your ITR as soon as possible to prevent unnecessary problems later.
Link Your Aadhaar with PAN
If you received your Aadhaar card on or before October 1, 2024, and haven’t linked it to your PAN yet, you must complete this before December 31, 2025.
Consequences of Not Linking:
Your PAN card may become inactive.
Banking and investment transactions may get blocked.
You could face issues while filing your ITR.
How to Link PAN and Aadhaar:
Visit the Income Tax e-filing portal: incometax.gov.in
Select ‘Link Aadhaar’ under Quick Links.
Enter your PAN, Aadhaar number, and verify via OTP sent to your registered mobile number.
Pay any applicable fee through e-Pay Tax.
You can also link PAN and Aadhaar via SMS: send UIDPAN <12-digit Aadhaar> <10-digit PAN> to 567678 from your registered mobile number.
Key Takeaway: With only two weeks left in December, make sure to file your belated ITR and link your Aadhaar to PAN to avoid fines, blocked transactions, or legal issues.
