Do these tasks before December 31 or you may face financial penalty

You do not want to go from party to penalty this new year so ensure you complete these tasks before this year closes out.

1. File your income tax return for FY2020-21

The deadline to file income tax return (ITR) for the previous financial year (2020-21) has been extended multiple times due to the pandemic and the government is unlikely to extend the December 31 deadline to file returns.

So, it is advisable not to wait for the last minute and complete the task much before.

2. Submit Life Certificate Till Dec 31

The deadline for retired government employees and family pension receivers to submit their annual life certificates or Jeevan Pramaan Patra, has been extended until December 31, 2021. It is essential for pensioners to submit their life certificate on time to ensure that they continue to receive pension.

3. Get demat, trading accounts KYC compliant before Dec 31

The Securities and Exchange Board of India (Sebi) has extended the deadline for making demat and trading accounts KYC-compliant till December 31, 2021.

As per the notice, issued by Sebi in April 2021, the depositories need to ensure that six important KYC attributes including your

- Name
- Address
- PAN
- Valid mobile number
- Valid email ID
- Income range are updated in the existing demat, trading accounts.

Your demat and trading account may become inactive if you fail to update the above KYC attributes.

4. Linking Aadhaar with UAN

The Union Ministry of Labour has extended the deadline to link Aadhaar with UAN till December 31. This deadline is specifically meant for north-eastern states. Linking EPF account with Aadhaar can also help speeding up the claim settlement process for the employees.

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According to the portal of EPFO, if you want to file an online claim for your EPF, then you have to link your UAN with Aadhaar.