RTI Filing to Aadhaar PF Link – 4 Financial Tasks You Need To Complete By Dec 31st

The new year 2022 is about to begin. But just a few days into the year 2021, there are some important money-related tasks that need to be accomplished by December 31st. These important tasks are tax return or RTI filing, Aadhaar PF link, presentation of life certificate for retirees, etc. Failure to complete these important tasks before December 31, 2021 can lead to inconvenience and monetary loss for defaulters.

Here we list 4 important money-related tasks that one should accomplish by December 31, 2021:

1]RTI deposit: In the wake of the Covid-19 pandemic and technical glitches on the new income tax portal, the deadline for filing income tax or filing RTI has already been extended several times. Now, the last date to produce the ITR for YY 2021-22 is December 31. Failure to meet this new deadline for filing the ITRs, a taxpayer will have to pay up to ??5000 penalty.

2]Aadhaar PF link: The organization of the employee provident fund (EPFO) had made it compulsory to associate the Aadhaar number with his EPF account. The deadline to accomplish this important task is December 31, 2021. Failure to link the EPF account and the Aadhaar number by December 31, 2021, the recruiter’s contribution will be interrupted on the account of the Provident Fund (FP) . The provident fund regulator has also asked employers to have the UAN (Universal Account Number) verified of all EPF Aadhaar account holders.

3]Delivery of the certificate of life for retirees: The deadline for submitting the life certificate for retirees has been extended from November 30, 2021 to December 31, 2021. Thus, retirees who have not submitted their life certificate have only a few days to do so. Failure to perform this important task will result in their monthly pension payment being stopped.

4]Demat’s KYC and trading account: In September 2021, the Securities and Exchange Board of India (SEBI) extended the deadline for bringing Demat and KYC (Know Your Customer) trading accounts into compliance to December 31. Failure to do so may result in said Demat account being closed.

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Harry D. Gonzalez