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From Aadhaar-Pan link to tax filing to ITR verification, take note of 5 crucial deadlines in 2022

With the start of a new year comes a fresh set of financial responsibilities. Every year, there are a number of dates that must be met in order to avoid being penalised by authorities.

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deadline for Aadhaar-Pan link to tax filing to ITR verification 2022

With the start of a new year comes a fresh set of financial responsibilities. Every year, there are a number of dates that must be met in order to avoid being penalised by authorities.

Every individual has financial commitments in the form of tax commitments or official requirements that must be met each year. As the year 2022 starts, here are 5 important deadlines that you must consider in order to avoid any kind of action. Also, it is advisable to review any financial changes that have been implemented or will be implemented in the near future.

Life insurance certificate submission

February 28
In order to continue receiving government pension benefits, government pensioners must provide proof of life or a life certificate every year. The deadline for submitting a life certificate has been extended to February 28 from December 31.

Due to the ongoing Covid-19 pandemic in many states and the vulnerability of the elderly population to Corona Virus, the deadline for submitting Life Certificates for all age groups of pensioners has been extended from December 31, 2021. All Central Government pensioners can now submit a Life Certificate until February 28, 2022. According to an official statement from the Department of Pension and Pensioners’ Welfare pension will continue to be paid by the Pension Disbursing Authorities (PDAs) uninterrupted over this extended period.

All government pensioners must submit a life certificate, or Jeevan Praman Patra, by February 28. The pension will be paid in full by the Pension Disbursing Authorities (PDAs) for this extended term.

ITR verification

February 31
The deadline for filing the Income Tax Return for Assessment Year 2020-21 was December 31, 2021; however, individuals who have failed to finish the e-verification process have been permitted until February 31, 2022, to do so. The Central Board of Direct Taxes (CBDT) said on Sunday that it has granted a one-time waiver for the verification of e-filed ITRs that have yet to be verified digitally. The move was made in response to reports of problems with the IRS’s e-filing portal.

For AY2020-21, the Central Board of Direct Taxes (CBDT) has granted a one-time relaxation for verification of e-filed ITRs that are pending for verification due to non-submission of ITR-V form or pending e-Verification,” the board said in a tweet, followed by a circular. By February 28, 2022, such verification must be completed. By June 30, these returns will be processed, and a refund will be issued.

Advance tax payments

March 15
The deadline to pay advance tax for income generated in the fiscal year 2021-22 is March 15, 2022. If your income tax liability exceeds Rs 5,000 net of Tax Deducted at Source (TDS) in a given financial year, you must pay advance tax under the Income Tax Act.

Salaried people with no other source of income do not need to be concerned about this deadline because their employers already deduct TDS on their behalf. Salaried professionals, on the other hand, are obliged to pay advance tax if their total income from other sources, such as rent from a property, capital gain, or interest from a bank deposit, exceeds Rs 10,000 per year and is not declared to their employers.

For example, if you are a salaried professional who has received dividend income or made substantial capital gains by selling shares, then you need to take care of this deadline.

Life certificate submission

Claim deduction for TDS for FY22

March 31
If you’ve chosen the old tax system for the fiscal year 2021-2022, make sure to finish your tax preparation by March 31, 2022. To claim the income tax deductions provided by the government under Section 80C, 80CCD(1B), all taxpayers must invest a portion of their profits.

Read Also: India to soon get nasal COVID-19 booster vaccine? SEC set to discuss Bharat Biotech’s application today

Link Aadhaar-PAN

March 31
In light of the problems caused by the COVID-19 pandemic, the government has extended the deadline for linking an Aadhaar number with PAN to March 31, 2022. The government has included an amendment in the Finance Bill, 2021, passed by the Lok Sabha recently, under which a person will be liable to pay a late fee of up to Rs 1,000 if their PAN is not linked to their Aadhaar number.

India News

K Kavitha suggests US Senate-like model for Rajya Sabha amid delimitation debate

K Kavitha has proposed a US Senate-like model for the Rajya Sabha, calling for equal representation of states and stronger legislative powers amid the delimitation debate.

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K Kavitha

Telangana leader K Kavitha has proposed a significant restructuring of the Rajya Sabha, suggesting it be given powers similar to the United States Senate to protect the interests of states amid the ongoing debate over delimitation.

Speaking on the issue, Kavitha said the Upper House should have greater authority in legislative matters, including the ability to stall bills if states do not agree. She argued that such a mechanism would ensure political and financial security for states within India’s federal structure.

Her proposal comes at a time when discussions around delimitation — the redrawing of parliamentary constituencies based on population — have raised concerns about potential imbalances between states.

Equal representation for states proposed

Kavitha suggested that each state should have a fixed number of seats in the Rajya Sabha, regardless of population, to maintain balance across regions. She also advocated equal voting rights for states in the Upper House.

According to her, empowering the Rajya Sabha in this manner would help ensure that states have a stronger voice in national decision-making.

She further proposed that all key legislation, including finance bills, should be routed through the Rajya Sabha, similar to the functioning of the US Senate.

Context of delimitation debate

The proposal comes against the backdrop of the Delimitation Bill, 2026, which aims to readjust the allocation of Lok Sabha seats based on population changes. The exercise has sparked political debate, with concerns that some states could gain more representation while others may lose relative influence.

Kavitha indicated that even if some states lose seats due to delimitation, a stronger Rajya Sabha with equal representation could help maintain federal balance.

Focus on strengthening federal structure

Emphasising the need to protect the role of states, Kavitha said enhancing the powers of the Rajya Sabha would ensure that no single region dominates national policymaking.

Her remarks add to the broader political discourse around delimitation and federalism, with multiple leaders proposing alternative models to address concerns of regional imbalance.

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India News

Clashes erupt between TMC and BJP supporters during Bengal repolling in South 24 Parganas

Clashes between TMC and BJP supporters disrupt repolling in Bengal’s South 24 Parganas as voting continues under tight security.

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Clashes broke out between supporters of the Trinamool Congress (TMC) and the Bharatiya Janata Party (BJP) during repolling in West Bengal’s South 24 Parganas district on Saturday, highlighting ongoing political tensions in the state.

The incidents occurred as fresh voting was underway at 15 polling booths across the Magrahat Paschim and Diamond Harbour assembly constituencies. The repolling was ordered by the Election Commission following reports of irregularities during the earlier phase of voting held on April 29.

According to reports, confrontations between rival party supporters led to disruption in some areas, with allegations that certain voters were being prevented from casting their votes. Authorities responded by deploying heavy security forces to bring the situation under control and ensure the continuation of polling.

The repolling exercise is being conducted under strict security arrangements, with personnel deployed across sensitive locations to maintain order. Officials have emphasised that the process is being closely monitored to ensure free and fair voting.

The Election Commission had earlier declared polling in these booths void after receiving complaints of electoral malpractices and procedural lapses. Fresh voting began at 7 am and is scheduled to continue until 6 pm.

The affected booths include 11 in Magrahat Paschim and four in Diamond Harbour, both considered politically significant constituencies in the ongoing assembly elections.

Despite the clashes, authorities said efforts were being made to ensure that voting proceeds without further disruption, as the state moves closer to the counting of votes.

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India News

Bhagwant Mann rejects alcohol allegations in assembly, AAP counters with land case claim

Bhagwant Mann denies opposition claims of intoxication in assembly, while AAP counters with allegations against a Congress MLA in a land case.

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A political confrontation erupted in the Punjab assembly after Chief Minister Bhagwant Mann dismissed opposition allegations that he attended the session under the influence of alcohol, calling the claims baseless and politically motivated.

The controversy began when opposition leaders, including Congress members, demanded that the chief minister undergo an alcohol test, alleging that he appeared intoxicated during proceedings. Leader of Opposition Partap Singh Bajwa questioned the purpose of continuing assembly business under such circumstances and called for testing of all members.

Responding to the accusations, Mann said the opposition had “no real issues” to raise and was resorting to distractions. He questioned the demand for testing and rejected the allegations outright.

The issue led to heated exchanges inside the House, with both sides engaging in a war of words. Leaders from the BJP also criticised the chief minister, calling the allegations serious and raising concerns over governance.

AAP counters with land case allegation

Amid the controversy, the ruling Aam Aadmi Party shifted the focus by accusing the opposition of diverting attention from a separate issue. Punjab Finance Minister Harpal Cheema alleged that the uproar was linked to a land encroachment case involving Congress MLA Sukhpal Singh Khaira.

According to Cheema, a report related to the case had triggered the opposition’s reaction, leading to disruptions and a walkout in the assembly. He claimed the episode highlighted deeper issues within the Congress.

Political tensions escalate

The developments have intensified political tensions in Punjab, with both the ruling party and opposition trading sharp accusations. While the opposition continues to press for accountability over the allegations against the chief minister, the AAP maintains that the claims are an attempt to deflect attention from other controversies.

The allegations against Mann remain unproven, but the episode has added to the ongoing friction between the state’s major political parties.

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