As soon as the month of December starts, the last date for many important works related to taxes, documents and government schemes comes closer. In such a situation, if you have been postponing tasks like PAN-Aadhaar linking, ITR filing, advanced tax, ITR return or correction till now, then now is the time to be alert. All these deadlines directly affect your banking, investment and tax profile. Therefore, it is very important to complete them on time, in such a situation, let us tell you today which important tasks you should complete by 31st December, otherwise the government will not give you the opportunity again and again.

Deadline for depositing advance tax

It is mandatory for those whose tax liability after TDS is more than Rs 10,000, it is mandatory to pay advance tax. Whereas December 15 is the last date for depositing its third installment. In case of delay in advance tax, both interest and penalty can be imposed on you.

Belated ITR Last chance to fill up

If you are not able to submit ITR for the financial year 2024-25 on time, then you have a chance to file the belated return till 31st December. However, for this you will also have to pay late fees. For filing belated ITR, a late fee of Rs 1,000 will be charged for those with income less than Rs 5 lakh and Rs 5,000 for those with income above Rs 5 lakh. At the same time, if you do not file the belated ITR even by 31st December, then you will not get a chance to file the return.

Last date for PAN-Aadhaar linking is also 31st December

It is mandatory for those whose Aadhaar card is made on or before October 1, 2024, to link PAN with Aadhaar by December 31, 2025. If PAN is not linked to Aadhar card, PAN will become inactive. Bank services will also be affected, apart from this, work related to investment and demat will also stop and there will be problems in ITR file link. You can easily do PAN and Aadhaar linking through both income tax e-filing portal and SMS.

Ration card e-KYC also necessary till December

In many states including UP, Bihar, Rajasthan, the last date for ration card e-KYC has also been fixed as December. In such a situation, if e-KYC is not done in December, the receipt of government ration may stop from January 2026.

Last date of PM Awas Yojana

The application date for PM Awas Yojana, which provides assistance of up to Rs 2.5 lakh for building a house, has also been extended to December 31. In such a situation, interested candidates can apply online with Aadhaar, income certificate and residence certificate.

Read this also-High electricity bill coming from heater, air purifier and geyser, these tips will be very useful

Mutual fund units can now be gifted or transferred through a Will at a much lower cost, thanks to the latest changes in regulations. Earlier, investors had to sell their mutual fund units if they wanted to gift them, add a joint holder or transfer them in inheritance cases. Selling the units resulted in capital gains tax, which made the process unnecessarily expensive. For example, if an investor had a profit of ten lakh rupees, capital gains tax payable during such a transfer could go as high as one lakh twenty five thousand rupees. Under the new rules, both Demat units and Statement of Account units can be gifted or transferred easily without triggering a sale. This means transfers through a Will, inheritance situations or changes in joint holders can take place without the tax burden that existed earlier. The biggest barrier in passing on mutual fund investments within families has been removed, making the entire process significantly cheaper. With this change, if an investor has a ten lakh rupee gain and gifts the units to an adult child who has no income, the entire gain can remain tax free. Mutual funds have become an important financial asset for Indian households, and these updated rules modernize the gifting and inheritance framework that had remained outdated for years. This video explains how the new process works, who benefits, and why this reform matters for long-term family financial planning.