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A list of financial and tax-related (Income Tax, GST) responsibilities that one as a taxpayer must complete by December 31, the end of the year.
For previous year, refer Money and taxes: Checklist before December 31st 2024
Filing of Tax Audit Reports in Form 3CB-3CD/3CA-3CD for FY 2024-25 by 10th Nov 2025:The Individuals/HUF/Firm/LLP taxpayers who are required to undergo Tax Audit and companies are required to file Form 3CB-3CD /3CA-3CD by 10th November 2025. As this is the extended due date from 30th September2025, further extension is not expected. | |
Reconciliation of Input Tax Credit by 30th Nov 2025:The taxpayers are required to furnish the correct Input tax credit and reverse the ineligible input tax credit for the financial year 2024-25. The taxpayers who have incorrectly claimed the input tax credit for FY 2024-25 needs to correct them in Oct 2025 GSTR 3B before 30th November 2025.know more at Input Tax Credit (ITC) Explained | |
Shops & Establishment Act (Labour Licence) by 30th Nov 2025:Generally, State specific registrations like Shops & Establishment act (Labour Licence) for most of the states like Telangana, Karnataka, Maharashtra etc have validity of 1 year. Hence the business are required to renew the registration by 30th November 2025 to avoid penalties. | |
Filing of Income Tax Returns by Audited Individuals/HUF/Firms/LLP and Companies for FY 2024-25 by 10th Dec 2025:The due date for filing Original returns u/s 139(1) by audited Individuals/HUF/Firm/LLP/ and Companies is 10th December 2025. The taxpayers are required to file Original return before 10th December 2025. As this is the extended due date from 31st October 2025, further extension is not expected. | |
Advance Tax by 15th Dec 2025:15th December 2025 is the due date for payment of Advance Tax for 3rd quarter of FY 2025-26. The taxpayers are required to pay Advance Tax before 15th December 2025 to avoid interest u/s 234C.Know more on Advance Tax: What, When & How to Pay? | |
Foreign tax Credit by 31st Dec 2025:December 31 is last date for claiming Foreign Tax Credit for FY 2024-25. The taxpayers who wants to claim Foreign tax credit needs to file Form 67 before Dec 31 2025. Post Dec 31, Foreign Tax Credit is not allowed for FY 2024-25Know more on Getting Foreign Tax Credit & How to submit Form 67 Online? | |
Belated Or Revised Income Tax Returns by 31st Dec 2025:31st December 2025 is the due date for filing belated or revised income tax returns for FY 2024-25. Post 31st December 2025, you cannot file belated or revised income tax returns and need to pay 25% penalty to file updated returns. All Individuals, HUF, Firms, LLP’s, Companies , trusts are required to file belated or revised returns before 31st December 2025Know more on Belated ITR Filing Know more on Revised ITR Filing | |
Filing of AOC 4/MGT 7/7A by Private Limited Companies/OPC by 31st Dec 2025:Every private limited company and OPC's are required to file AOC 4/ MGT 7/7A by 31 st December 2025 for FY 2024-25 to avoid penalty of Rs 100 per day. MCA has kept the AGM date unchanged i.e., 30th September 2025. However the deadline for AOC 4 is extended from 29th Oct 2025 to 31st Dec 2025 and MGT 7/7A is extended from 29th Nov 2025 to 31st Dec 2025Know more on Guide On Form MGT 7 or Form MGT 7A Know more on Guide On Form AOC 4 | |
Tax Saving Investments and Declaration by 31st Dec 2025:Generally, most of the companies ask the employees to upload the proofs of investments for the financial year 2024-25 in December month. Hence the employees are required to plan and invest in the tax saving options.The employees are required to declare their investments and expenses in Form 12BB to their employees for deduction of tax accordingly by employer. This is applicable only if the employees have opted for Old Tax Regime | |
Annual Return in GSTR 9/9C by 31st Dec 2025:The taxpayers registered under GST needs to file annual return in GSTR 9/9C if the turnover exceeds certain threshold. It needs to be filed by 31st December 2025 unless extended by Government.know more at GSTR 9 Explained | |
Linking of PAN with Aadhaar by 31st Dec 2025:The taxpayers are required to link the PAN with Aadhaar by 31st December 2025. If the PAN and Aadhaar are not linked before 31st December 2025, the taxpayers are unable to perform financial activities and PAN will be deactivated. | |
Renewal of Insurance by 31st Dec 2025:Generally most of the insurances will be valid for 1 year. Insurance like Term insurance, Health Insurance, Life Insurance and Vehicle Insurance etc needs to be renewed before Dec 31 if the validity is expiring. | |
Planning to start new business in a new calendar year 2025:If any person who wants to start a new business needs to start the paperwork in December 2025 itself as it takes considerable amount of time like 7-20 days by MCA, GST, and other departments to approve registrations. Hence it is recommended to start registration process in December 2025. | |
Bank Lockers by 31st Dec 2025:Conduct a brief check or audit of the bank lockers to confirm the safety of your valuables. This is advisable due to the high number of reported frauds and robberies at specific bank branches, which are attributed to inadequate security measures. Learn more on bank lockers at Bank Lockers (Safe Deposit Box) - a Complete Guide |
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.