The year 2025 is about to end. Before this, you have to complete some important work related to finance and bank. If you do not complete them in time, you may have to pay penalty in future. These include tasks like filing late ITR, making corrections in previously filed ITR, making bank locker agreement and linking PAN with Aadhaar. Let’s take a look at these:-

Last date to file late return

Actually, the deadline for filing Income Tax Return (ITR) was September 16, 2025. If you have missed filing ITR by this date, you can file and submit it by 31st December. However, taxpayers who do not file ITR on the original deadline may have to pay additional penalty under Section 234F of the Income Tax Act. On top of this, interest will also have to be paid under Section 234A.

Last chance to file revised return

Also, let’s say if you filed your ITR before September 16 and later find out that you have left something out or made a mistake, you can still correct it. With the option to file revised return, taxpayers can correct the mistakes made in the original return. There is no fee or penalty for filing revised returns.

However, if the tax liability increases due to revised return, additional tax and applicable interest charges will have to be paid. Notices are also being sent by the Income Tax Department on the registered email address regarding filing of revised return.

Last chance to link PAN and Aadhaar

The government has also fixed December 31, 2025 as the last date for linking PAN and Aadhar card. If this is not done, the person’s PAN card will become inactive and he will not be able to file income tax return or other tax related work.

According to the Central Board of Direct Taxes (CBDT), people who have an Aadhaar card received on or before October 1, 2025, will have to link it with their PAN card before December 31, 2025. If a person does not link his Aadhaar and PAN card, then all the services of the Income Tax Department on that PAN will be suspended. This means that the person will not be able to file returns, will not be able to claim refund, work related to stock market, mutual fund and KYC will get stuck.

Updated rental agreement will also have to be completed

If you have a bank locker, then you also have to complete one important task by 31st December and that is to complete the updated rental agreement. The deadlines for this have been extended several times before, but now this is the last chance. You will have to complete the new rental agreement and give it to the bank by this date, only then you will be able to access your locker.

Last date to file GST annual return

The last date for filing GST Annual Return (GSTR-9/9C) for the financial year 2024-25 is December 31, 2025. That means overall you still have a week’s time and in the meantime you have to complete many important tasks. If not, you may have to give and take in the future.

Also read:

Not only buying food, but also buying gold! Chips, chocolates and condoms – what do people buy most in Delhi nights?

Income tax return: The date of filing intestated tax returns is coming closer. 31 July is the last date to file ITR. By the way, you can file returns even after this date, but you will have to pay a penalty or pay interest on tax. Filing ITR is the legal responsibility of every citizen, but it has many other benefits, so it is necessary to fill it carefully. Before filing ITR, do not forget to check the Form 26AS and Annual Information Statement (AIS), otherwise your refund may be stuck.

Form 26AS

Form 26AS is your annual tax statement, which has complete details of tax paid. It is linked to your PAN number, so you can remove it by visiting the Income Tax Department website.

Form 26AS also contains information about TDS deduction, your deposited advance tax, self assessment tax, TCS and refund issued by Income Tax Department. In this, the name of the tax deduct person/institution is also mentioned in the amount of tax, etc.

Apart from this, details of heavy transactions are also seen in the form such as payment of more than 50 thousand life insurance premium, more than 20 thousand health insurance premium payment, more than 1,00,000 educational fees or donation payment, payment of more than 20,000 property tax etc.

While filing the return, you should have a match with TDS amount and TDS present in 26 AS. Due to a slight difference in this, you can come under the circle of questions of Income Tax Department. If the details shown in 26As make your return match, then the Income Tax Department processes it quickly and you make it easier to get the refund quickly.

Annual information statement

Many times we do not remember the previous details while filing the Income Tax Return (ITR). AIS was introduced in November 2021 to solve this problem. You have an official website of income tax www.incometax.gov.in Can download from It contains all the information of taxpayers, which is already with the Income Tax Department. They are in two parts-

Part A: It contains general information of taxpayer such as PAN, Aadhaar number, mobile number, email ID, address, name and date of birth. If there is a company instead of individual, then the date of establishment of the company is mentioned instead of birth.

Part B: It contains technical information related to your tax.

Also read:

Reliance Power shares put a long jump of 19 percent, will the profit make your profit for investment?