The month of November is about to end and with it many of your important deadlines are also about to end! If you have not yet completed these important tasks, then definitely complete them before 30th November, otherwise you may lose these opportunities from 1st December. In this video, we are going to tell you in simple language what important tasks are mandatory for government employees, pensioners and taxpayers to complete by the end of November. Government Employees: If you want to choose UPS – Unified Pension Scheme, then keep in mind that its last date is 30th November. The government had earlier extended this date from September 30, but now after December 1, this option will be closed forever. So if you want to switch from NPS to UPS, do it in time. 2.(Pensioners): The last date for submission of Life Certificate is also 30th November. The good thing is that you can create a digital life certificate through Jeevan Pramaan sitting at home—no need to go to the bank, no need to stand in long lines. 3. (Taxpayers): If your TDS is deducted in October 2025, then it is necessary to file statement under section 194-IA, 194-IB, 194M, 194S. Apart from this, the last date of Section 92E and Form 3CEAA is also the same. Also, changes may be seen in the prices of LPG cylinder, ATF and flight tickets from December 1. Have you completed your work? Let us know in the comments!

The Income Tax Department has extended the last date for filing income tax returns for the financial year 2024-25 to 15 September. Now there is only one week left in the deadline, but the speed of the returns filed till September 7 is much slower than expected. Usually people believe that if their annual income is less than tax free limit then there is no need to fill ITR. The reality is that in some circumstances it is mandatory to file ITR, even if your taxable income is zero. Not doing so can only impose penalty, but notice can also be sent by the Income Tax Department.

On depositing more than one crore in current account

If you have deposited an amount of Rs 1 crore or more in any bank’s current account within 1 year, then it is necessary to file an ITR. This rule applies to both cash and digital transactions. The aim of the government is to monitor such big transactions so that black money can be stopped.

On spending more than 2 lakhs on travel abroad

If you have spent 2 lakh or more on foreign travel throughout the year, then it is mandatory to file returns. It is necessary to file an ITR in both the conditions of tea personal trip or business trip.

Electricity bill is over 1 lakh

If your annual electricity bill comes more than Rs 1, then the Income Tax Department makes it mandatory to file an ITR to track the difference between your expenses and income. This rule covers those who show less earnings but spend more.

ITR is also necessary on cutting TDS

If your income is cut on your income 25 thousand rupees or more TDS, then you will have to file ITR. At the same time, this limit has been kept at 50 thousand for senior citizens. Its aim is to ensure that the tax on which the tax is deducted, they give the correct details of their income.

Foreign property or bank account people

If you have any property in another country or you have a signing authority in a bank account of a foreign, then you have to fill ITR in any case. While filing ITR, you have to give complete information about your foreign income and assets. These rules of the Income Tax Department have been made to monitor those whose declared income is low. But their expenses and transactions are large.

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TDS on Rent: The Income Tax Department has imposed a fine of Rs 1 lakh on the tenant who regularly paying a rent of Rs 55000. According to an ET report, this action was taken on the person because neither TDS was deducted from his fare nor submitted TDS challan and return statement.

It is necessary for the tenant to follow this rule

Taxbuddy.com founder Sujit Bangar told ET that a tenant named Abhishek forgot to deduct TDS while paying Rs 55,000 per month. He further said, under Section 271H of the Income Tax Act, 1961, if a person fails to follow TDS provisions and does not file TDS statement, then a minimum fine of Rs 10,000 can be done which can be increased to Rs 1 lakh. Explain that a person paying more than Rs 50,000 annually will have to deduct 2 percent TDS and after this the tenant will have to fill the form QC and give Form 16C to the landlord.

What does the tenant have to do?

• First of all, cut 2 percent of the fare and fill Form 26QC online.
• After filling Form 26QC, tenants will get Form 16C.
• First go to www.tin-nsdl.com and click on ‘Services’ option. Now ‘TDS on Rent of Property.’ After this, select Form 26QC.
• After coming to Form 26QC, now click on ‘Proceed’.
• Now enter the tenant’s pan, name, address and contact details. Verify from OTP on mobile.
• Enter the landlord’s pan, name and address.
• Property address, rent agreement, total rent and how long have been renting all the information.
• Now enter TDS (2 percent), deduction date and amount.
• Select the payment mode. Select online (net banking/debit card) or offline (bank payment).
• Verify the given details, enter the captcha and click on the submit. Pay online or save for offline.

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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.

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April Rule Change: Today is the last day of the month and tomorrow i.e. from April 1, the new financial year will begin, with which many new rules will apply. Like the end of every month, this time too many big changes are going to happen in the country. These changes can affect everyday life, including changes in the prices of LPG cylinders, changes in bank account transactions and change in credit card fee. Apart from this, the cost of travel may increase due to increase in toll tax. Let’s look at those ten big changes that are going to happen soon.

Changes in LPG prices

Oil and gas distribution companies change the prices of LPG cylinders on the first date of every month. Prices may also change on 1 April 2025. In recent times, the prices of 19 kg cylinder have seen fluctuations, while the prices of small domestic LPG cylinders have been stable. With the beginning of the new financial year, it is expected that the prices of 14 kg cylinder can get relief.

CNG-LPG and ATF Prices

Along with the prices of LPG cylinders, CNG and PNG prices can also change on the first date of every month. Apart from this, the prices of air turbine fuel (ATF) are also likely to change on 1 April 2025. The cost of driving the vehicle may be affected by CNG prices fluctuations. Whereas the cost of air travel can also increase with the increase in the prices of ATF.

Will UPi Id be closed?

From 1 April 2025, a new rule related to UPI will be applicable. The mobile numbers with which the UPI accounts are not being used for a long time, the bank will remove them from their records. If your mobile number is connected to an UPI app and you have not used it for a long time, then your UPI services can be stopped.

Unified pension scheme started

Unified Pension Scheme (UPS) is going to start from April 1, which will give guaranteed pension to central employees. Central government employees can apply online for this scheme from 1 April. If an employee wants to take pension under UPS, then he will have to apply by filling the form and if someone does not want to choose UPS, then he can take the option of NPS (National Pension Scheme).

23 lakh central employees will have to choose an option from UPS or NPS. The government will contribute 8.5 percent of the basic salary and dearness allowance of employees choosing UPS. Under this scheme, the minimum pension will be Rs 10,000 per month, but for this at least 10 years job will have to be completed.

New tax scheme implemented

New tax rules will be applicable from 1 April 2025. The government had made several major changes to give relief to the middle class in the budget 2025. A new income tax bill will be brought instead of the Old Income Tax Act 1961, no tax will be paid on the annual income of up to Rs 12 lakh, employees getting salary can take advantage of standard deduction of Rs 75,000 and i.e. salary up to Rs 12.75 lakh can be tax-free. But this discount will be available only to those who will choose a new tax system.

Changes in TDS Rules

From April 1, 2025, the TDS rules will be changed such as the limit has been increased to reduce unnecessary tax deduction and improve cash flow of taxpayers, the limit of TDS on interest income for senior citizens has increased to Rs 1 lakh to Rs 1 lakh, which will give them more financial security and the limit of rebate has been reduced annually, which will reduce landlord’s market and strengthen the market.

Change in credit card rules

Rewards and other facilities will change. The swiggy reward on SBI Simply Click card will be reduced from 5 times to half, the points of Air India signature card will be reduced from 30 to 10, IDFC First Bank will close the benefits of its club Vistara Milestone.

Minimum balance rules change

From 1 April 2025, SBI, PNB and other banks are going to change the rules related to the minimum balance of savings account. Under the new rules, a new minimum balance limit will be set for different areas. If there is no minimum amount fixed in an account, then the bank can impose fine. Therefore, account holders will have to understand the new rules of their bank and maintain the necessary balance.

Debit card new rules

From 1 April 2025, new benefits will be added to Rupay Debit Select Card. This includes facilities related to fitness, travel, entertainment and health. Under the new update, you will be able to use domestic airport lounge once in every quarter, you will get the facility of International Airport Lounge Visit twice a year, an insurance cover of up to Rs 10 lakh will be available for death or permanent disability in an accident and free gym member will be available once every quarter. These changes are being made to provide more facilities to the card holders.

Increase in toll tax

From 1 April 2025, toll tax on the National Highway is going to be expensive. NHAI has ordered to implement new rates on different toll plazas, which can make highway travel expensive. According to reports, toll for light vehicles on the highway passing through Lucknow can increase by Rs 5 and for heavy vehicles to Rs 20-25. New rates will be implemented on busy highways like Lucknow-Kanpur, Ayodhya, Rae Bareli and Barabanki. Apart from this, passengers may have to pay more tolls on Delhi-Meerut Expressway, Eastern Peripheral Expressway and NH-9.

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Income Tax Department Notice: A notice has been issued by the Income Tax Department to such taxpayers who have filled the rent of Rs 50,000 or more every month, who have not cut the TDS on the source while fare to the landlord. The Income Tax Department has sent notice to several taxpayers regarding the assessment years 2023-2024 and 2024-2025. It says that you have claimed for house rent allowance (HRA) during this time, but TDS did not cut it.

Tenant responsibility for cutting so much percentage TDS

Abhishek Murali, President of All India Taxpayers Association, told the media that if you want to file updated returns by reducing your claim, then this is the right time.

He said, “If you are living in a house as a tenant and paying 50,000 or more rent every month, as per the Income Tax Act, as a tenant, you will have to deduct TDS on the rent given to the landlord (effective from the rent given to the landlord (effective from October 2024, earlier). Therefore, the tenant is responsible for cutting TDS. The tenant will have to deduct TDS and deposit the income tax department and give the rest of the money to the landlord.

What will happen if TDS is not bitten?

He said, “If a tenant does not do this, then he will be considered a default taxpayer. In such a situation, interest, fine or penalty can be imposed to you from the department. This is different in different cases. For how long you have not cut TDS, it also depends on it. Usually, one to 1.5 percent per month can be. ”Abhishek Murali also mentioned the tax exemption on it.

He said, “If the landlord has filed income tax returns and has shown rental income and has also paid tax, then in this case there will be no default nor any interest or penalty will have to be paid.”

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