December 31 Deadline: Link PAN-Aadhaar, File Belated ITR, GST Returns Today!

• December 31 is the final deadline for linking PAN with Aadhaar, filing belated ITR for FY2024-25, and submitting GST annual returns.
• Missing the PAN-Aadhaar link deadline will render PAN inoperative from January 1, 2026, impacting financial activities.
• Belated ITR filing incurs a late fee up to Rs 5,000, interest, and loss of benefits like carrying forward specific losses.
• Businesses must file GST annual returns by today to avoid late fees, notices, and scrutiny from tax authorities.
• The article provides step-by-step guides to link PAN-Aadhaar and check its status online or via SMS.

Why It Matters: Act now! December 31 is the last day to avoid penalties for PAN-Aadhaar link, ITR, and GST returns.