December, the last month of 2025, is now a guest of only a few days. Today is 20th December, that means only 11 days are left before the New Year. There are some important financial tasks in these 11 days whose last date is 31 December 2025. If you keep postponing them, you may have to face big problems like fine, additional interest, PAN card closure and refund getting stuck. Let us quickly know what are the tasks that need to be completed now!
If you have not yet filed your income tax return for the financial year 2024-25, then you only have time till 31 December 2025. After this the way to fill belated ITR will be closed forever. Late fees will also be charged for late filing – if the annual income is less than Rs 5 lakh then a penalty of Rs 1,000 and if it is Rs 5 lakh or more, then a penalty of Rs 5,000 will have to be paid.
If ITR is not filed even after 31st December, the biggest shock will be that if you get a refund then it will be difficult to get it, sometimes it gets stuck forever. Along with tax, interest and heavy penalty may also have to be paid. The most dangerous thing – your tax record will get spoiled, which can make it difficult to take loans, build credit score, apply for visas etc. The Income Tax Department will also keep an eye on you and there will be a fear of getting a notice.
If your Aadhar card was made on or before October 1, 2024 and you have not yet linked it with PAN, then December 31, 2025 is the last date. After this your PAN card will become inactive. Meaning of closure of PAN – Banking, investment, mutual fund, share market, filling of ITR, everything will stop. There will be big trouble!
No need to worry, linking is very easy. Go to Income Tax e-filing website, enter PAN number, Aadhar number, OTP will come on mobile, that’s it! If there is any old penalty, you can also deposit it online. If you want, you can also link through SMS – just message 567678 or 56161. Do it now, better than regret later!
So friends, look at the calendar and complete these two important tasks today itself. Nothing will be achieved by crying after 31st December!
