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.

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ITR Filing deadline: Now just two days are left to end the deadline for filing income tax return (ITR). The Income Tax Department said on Saturday that they have received returns of more than six crore people so far for assessment year 2025-26. While the professional body is urging the government to extend the last date. In view of this, the Income Tax Department has also advised all those who have not yet filed ITR for the assessment year 2025-26, they should file their returns as soon as possible to avoid hurry at the last moment.

Income tax department responded

The Income Tax Department said in a post on X, “Thanks to taxpayers and tax professionals who have so far helped us reach the target of 6 crore income tax returns (ITR) and this number is still going on.” Also, the department also informed that their helpdesk is working round the clock for filing returns and related services. This year, the last date for filing non-audit returns was extended from July 31 to September 15 due to delay in release of updated ITR form. The number of returns submitted so far is less than last year. By July 31, 2024, 7.6 crore ITRs were deposited. Till 13 September, this year the number was about six crores.

Thank You Taxpayers & Tax Professionals for helping us Reach the Milestone of 6 Crore Income Tax Returns (ITRS) as of now and Still Counting.

To Assist Taxpayers for ITR Filing, Tax Payment and other related services, our helpdesk is functioning on a 24×7 basis, and we are… pic.twitter.com/xbjurzobjd

– Income Tax India (@Inometaxindia) September 13, 2025

Demand to increase deadline

Professional bodies including Karnataka State Chartered Accountants Association (KSCAA), Central India Regional Council and Advocates Tax Bar Association (ATBA) wrote a letter to the Central Board of Direct Taxes (CBDT), asking for the delays in the portal, delays, delays in utility services, some parts of the country demanded extending time Is. Many tax experts have also mentioned the difficulties faced in filing on social media. However, no official statement has come from the department to extend the deadline.

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ITR Filing Last Date: The central government has given relief to taxpayers by extending the date of this year’s Income Tax Return (ITR) filing. The last date for filing income tax returns (ITR) for the financial year 2024-25 i.e. Assessment Year 2025-26 has been extended from July 31 to September 15 so that taxpayers get longer to get more time to fill the returns without any hassle or hassle and in the last time, there is no need to participate in the last time.

This deadline has been increased due to the delay in issuing Excel-YouTality forms for ITR-1, 2, 3 and 4 forms as many changes were made in these forms this year. Due to this, the backnd system had to be upgraded, utility was re -prepared and data also had to be investigated.

Deadline may increase to file ITR

Overall, you now have only 50 days left to file ITR. In such a situation, to avoid penalty, complete the premature filing and verification processes. However, Excel utilities have not been released for ITR-5, 6 and 7 forms and apart from this, online utility of ITR-3 form is also not live. In such a situation, taxpayers are facing difficulties in filing ITRs. According to the report of Financial Express, experts believe that the Income Tax Department may increase the deadline for some time.

Will the deadline grow again?

According to FT Report, CA (Dr.) Suresh Surana says that no official information has been given for the assessment year 2025-26 to increase the time limit for filing ITR in Form 5, 6 and 7. Due to the delay in issuing online and offline filing for these forms, taxpayers will get less time to file returns.

Apart from this, Excel Utility of ITR-3 form is still available only in Excel format, JSON-based online filing option is still not present. In such a situation, the deadline may be increased for some time. However, nothing can be said about this right now. Earlier, CBDT had extended the deadline due to administrative or technical delays.

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Income tax return 2025: If you are a content creator or influencers and a social media platform is a source of earnings for you, then there is a big update in this tax season. Actually, the Income Tax Department has made a big change in ITR-3 and ITR-4 form.

Under this, a new code 16021 has been introduced for those who earn from social media. This code created by Income Tax Return (ITR) utilities for FY 2024-25 (Assessment Year 2025-26) is especially for those influencers who earn through promotion, product endorsment or digital content creation.

Influencers will be able to fill returns

According to the Business Today report, Chartered Accountant Himank Singla said, these codes are now active under the ‘Profession’ category in both ITR-3 and ITR-4 (Sugam). These cords have been added to both online and offline methods to fill the form. That is, now influencers will have to fill one of the ITR-3 and ITR-4 (Sugam) on the basis of their income and tax selection. Whereas till this, there was no separate category about the earnings of influencers. The move aims to make compliance with tax easier for creators, online coaches, bloggers and gig workers.

Digital economy is growing rapidly in the country. According to a report, by the end of 2025, its market can reach $ 2.8 billion (about Rs 23,500 crore). Now through this new code, the Income Tax Department will help in keeping an eye on the earnings of influencers and tax evasion will also be reduced.

Which form select influencers?

To file social media influencers ATR, choose one of ITR-3 or ITR-4 (Sugam) based on your income. The ITR-3 form is for those who have a business or profession of earning. Also, their income is from salary, property or any other source.

The ITR-4 form is for those who choose the option of the Premantic Tax Scheme i.e. who want to pay a part of their earnings as tax. There is no need to keep a bookkeeping in details. If you choose a premistable tax and your earnings are up to Rs 50 lakh, then you should fill the ITR-4 form. If income is more than this and many sources, then use ITR-3 form.

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ITR Filing: The Central Board of Direct Taxes (CBDT) has increased the deadline to file ITR from 31 July to 15 September this year, taking care of the facility of taxpayers. These reliefs are only for taxpayers who do not require an account of account such as salaried employees, pensioners. Many more people will have to pay tax according to the old deadline. There is still time, so submit all the documents with you so that there is no problem while filing the return.

Form 16

One of the documents that will be needed while filing income tax returns is Form 16, which gives you your employer. In this, how much your total salary is, how much TDS has been deducted, there is complete tax information. This helps you ensure whether the data filled on the tax portal is correct or not.

Form 16A, 16B, 16C, and 16D

Form 16 is applied to the income from insurance commission and interest on fixed deposits. When a person buys immovable property worth more than Rs 50 lakh, the buyer has to cut the seller’s TDS. Then it has to be admitted to the form QB. After this, Form 16B is ready. Similarly, if the fare for the month is more than 50000, then the tenant issues Form 16C to the landlord. The tenant is responsible for cutting TDS and giving certificates. With the help of these certificates, it is easy to find out the earnings from different sources and fill tax returns without any lapse.

AIS, TIS and Form 26AS

These are like your tax records. Form 26AS contains information about TDS and TCS. AIS contains bank interest, FD and share details, while in TIS there is a summary of the information given in AIS. All these are available on income tax websites.

Capital gain statement

If you have sold stock, mutual funds or property, then you have to tell about your capital gains. Get a capital gain statement from your broker or fund house.

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