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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

Rahul Gandhi, Rajnath Singh clash in Lok Sabha over ex-Army chief’s unpublished book on Ladakh

Lok Sabha proceedings were disrupted after Rahul Gandhi cited an unpublished book by former Army chief General MM Naravane on the Ladakh stand-off, drawing objections from Rajnath Singh and other BJP leaders.

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Rahul Gandhi

A sharp confrontation unfolded in the Lok Sabha on Monday after Leader of Opposition Rahul Gandhi referred to an unpublished book by former Army chief General MM Naravane while speaking on the 2020 India-China Ladakh stand-off, prompting strong objections from treasury benches.

Rahul Gandhi began his address by holding a printout of a magazine article that carried an essay on General Naravane’s yet-to-be-published memoir, Four Stars of Destiny. The reference immediately drew an intervention from Defence Minister Rajnath Singh, who objected to the citation, saying quoting an unpublished book violated parliamentary rules.

Objections from treasury benches

Rajnath Singh demanded that the Leader of Opposition place the book before the House, arguing that since the memoir had not been formally published, its contents could not be cited during proceedings. The objection was echoed by Home Minister Amit Shah, who questioned how references could be made to material that was not publicly available.

Parliamentary Affairs Minister Kiren Rijiju went a step further, suggesting that the House should deliberate on action against members who do not comply with the Speaker’s rulings.

As Rahul Gandhi persisted, repeatedly referring to “Chinese tanks” while discussing the eastern Ladakh situation, the opposition from BJP members intensified, leading to sustained disruptions.

Opposition support and continued disruptions

Samajwadi Party chief Akhilesh Yadav backed Rahul Gandhi, stating that issues concerning China were sensitive and that the Leader of Opposition should be allowed to present his views in the House.

Responding to the objections, Rahul Gandhi questioned the resistance to his remarks, asking what in the book was causing such concern. He maintained that both the article and the contents he was quoting were “100 per cent authentic.”

The Congress leader also said he had not intended to raise the issue but felt compelled to do so after BJP MP Tejasvi Surya questioned the patriotism of the Congress and its leadership.

Government, Congress trade charges

Government sources accused Rahul Gandhi of setting a dangerous precedent by citing material from an unpublished book, alleging that such references could be misused to make unverified claims on the floor of Parliament.

Congress MP Priyanka Gandhi defended her brother, saying he was not attempting to defame the Army and was merely reading an excerpt attributed to the former Army chief. She accused the ruling party of resisting discussion whenever uncomfortable issues surfaced.

House adjourned amid chaos

The repeated interruptions forced Lok Sabha Speaker Om Birla to adjourn the House till 3 pm. When proceedings resumed, similar scenes played out as Rahul Gandhi again attempted to speak on the subject, leading to further disruptions and another adjournment.

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P Chidambaram avoids commenting on Trump’s dead economy remark echoed by Rahul Gandhi

Chidambaram stays silent on Trump’s ‘dead economy’ remark echoed by Rahul Gandhi as Congress critiques Union Budget 2026.

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P Chidambaram

Finance Minister Nirmala Sitharaman on Sunday presented her ninth consecutive union budget, stopping just short of Morarji Desai’s record of ten.

Congress MP P Chidambaram, however, avoided commenting on the ‘India is a dead economy’ statement made by former US President Donald Trump last July, which was later echoed by Rahul Gandhi.

Speaking to reporters after reviewing the budget, Chidambaram said he could not respond as he lacked the full context of Trump’s original remarks.

The comment by Trump followed India’s continued purchase of Russian crude oil, which the US had criticized as indirectly funding military action in Ukraine. Trump imposed a 25 per cent penalty tariff on Indian imports and added: “I don’t care what India does with Russia. They can take their dead economies down together, for all I care.”

Rahul Gandhi later supported the statement, saying, “He is right, everybody knows this except the Prime Minister and Finance Minister. I am glad President Trump stated a fact…”

The remark sparked a political debate, with BJP leaders criticizing Gandhi, while some Congress members, including Rajya Sabha MP Rajiv Shukla, called the statement “completely wrong.”

Ahead of the budget, Gandhi had highlighted the impact of US tariffs on small textile businesses, noting on X: “50 per cent US tariffs are badly hurting textile exporters. Job losses, shutdowns… are reality of our ‘dead economy’.”

The debate gained traction following the budget announcement, which did not offer immediate relief to middle-class taxpayers and saw markets react sharply, with the Sensex closing 1,500 points lower on Sunday.

Chidambaram, as usual, led Congress’ critique of the budget, pointing to a decrease in capital expenditure as a percentage of GDP from 3.2 per cent in FY25 to 3.1 per cent, despite the proposal of Rs 12.2 lakh crore for capex. He added, “Revenue receipts short by Rs 78,086 crore… total expenditure short by Rs 1,00,503 crore… revenue expenditure short by Rs 75,168 crore… capex was cut by Rs 1,44,376 crore… not a word was said to explain this…”

Rahul Gandhi echoed the criticism, highlighting issues such as unemployment, farmers’ distress, declining household savings, and low investment. “A budget that refuses course correction and is blind to India’s real crises,” he said on X.

Responding to the criticism, Finance Minister Sitharaman said, “With due respects, I don’t know what course correction he is referring to. The economy and its fundamentals are strong.”

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Earthquake of 4.6 magnitude hits Andaman and Nicobar Islands

A 4.6 magnitude earthquake struck the Nicobar Islands at 10 km depth, highlighting the region’s seismic activity and potential risks from shallow tremors.

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earthquake-tremors

An earthquake measuring 4.6 on the Richter scale struck the Andaman and Nicobar Islands early Monday at around 3:30 am, the National Center of Seismology (NCS) reported.

According to the NCS, the tremor occurred at a shallow depth of 10 km. The earthquake’s epicenter was located at a latitude of 9.03° North and a longitude of 92.78° East, placing it in the Nicobar Islands region.

In a post on X, the NCS confirmed the details: “EQ of M: 4.6, On: 02/02/2026 03:31:12 IST, Lat: 9.03 N, Long: 92.78 E, Depth: 10 Km, Location: Nicobar Islands.”

The Andaman and Nicobar Islands fall under Seismic Zone V, according to India’s seismic zoning map (1893-1984), making them one of the most earthquake-prone regions in the world. Historically, the islands have experienced several major earthquakes, including the devastating tremor on December 26, 2004, which caused significant land displacement and triggered tsunami waves, resulting in heavy loss of life and property.

Experts note that shallow earthquakes, like the one recorded on Monday, can be more hazardous than deeper ones. Seismic waves from shallow quakes travel a shorter distance to the surface, causing stronger ground shaking and posing higher risks to structures and human safety.

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