Deadlines in December 2023: The last days of December 2023 are going on. That means the new year will start after just 3 days. In such a situation, everyone is busy preparing for the New Year celebrations.
But after taking out some time for celebration, it is also important for you to know that 31st December is also the deadline for many works. If you do not complete the work on the deadline, you may have to suffer huge losses. So only 2 days are left for the missed ones. Because it is Sunday 31st December. Therefore you cannot do any bank related work.
If your income tax return for FY 2002-23 is pending or you have detected any discrepancy in your original ITR, you should file or amend the return before December 31. Now the deadline for late filing of return or amendment in it has been reduced to 31st December of the relevant assessment year. Penalties may be imposed for not adhering to the deadline. Apart from this, other action can also be taken by the Income Tax Department. Therefore, to file your income tax return, log in to the income tax portal and do not forget to e-verify it.
Locker agreement
According to the Reserve Bank of India, the deadline for signing the new locker agreement is ending on 31 December 2023. If you have not yet signed your locker agreement, you have only 2 days time. Because it is Sunday 31st December. Therefore, it is important for you to get the locker agreement done within these two days. Otherwise your locker may freeze. This means that your agreement with the bank may become invalid. Therefore, immediately go to the concerned bank and complete the necessary documentation by filling the agreement form.
If return is already filed, do not forget e-verification
If you have filed your return before December 1, 2023, but have not yet verified it, then complete this process before December 31. This process can be done through Aadhaar OTP or speed post. If you do not verify your return within 30 days, the date of verification is considered the date of filing ITR. Therefore, if you have filed your return before July 31, but you do not verify it before December 31, 2023, then this return will not be considered valid and the Income Tax Department may impose penalty on you.
Inactive UPI ID will be frozen
If you have a UPI ID and have not done any transaction in the last year, the bank will deactivate it. NPCI has issued a circular directing banks and third party apps (eg Paytm, Google Pay etc.) to freeze inactive UPI IDs, so that incidents like fraud and wrong transfer of funds can be prevented. If you want to keep your UPI ID active, then do not forget to do some transactions with this ID.
