ITR to PAN-AADHAAR LINK: Only a few days are left for the end of March 2022. In such a situation, there are many important works, the last date of which is 31 March 2022. If you do not complete these tasks within the stipulated time frame, then you may suffer a huge loss. Let us know what are those works which have to be settled by the last date of this month.
1- ITR Filing
The last date to file late income tax return for assessment year 2021-22 is March 31, 2022. According to the Income Tax rules, if you do not file ITR by the last date, then you can be punished with imprisonment from 3 years to 5 years. Apart from this, if you have filed ITR, then you also have time to amend it till March 31.
2- Last date for linking PAN-Aadhaar card
The last date for linking PAN card with Aadhar card is 31 March 2022. If you do not link your PAN card with Aadhaar card by the due date, then you may have to face many problems in financial transactions. Along with this, you may also have to pay a penalty of 10 thousand rupees.
3- KYC Update
Due to the increasing influence of Omicron, the Reserve Bank of India has extended the last date for updating KYC in bank accounts from 31 December 2021 to 31 March 2022. Such customers must update KYC in their account, otherwise they may have to face many problems.
4- Invest ahead of time
March 31, 2022 is the last date of this current financial year. In such a situation, if you want to make tax saving investment, then do it before the beginning of the new financial year. If you miss this opportunity, you may suffer a huge loss. There are many schemes like Public Provident Fund, NPS, through which tax savings of up to Rs 1.50 can be claimed.
5. Linking bank accounts with post office small savings schemes
Recently a circular was issued by the Post Office Department. In which it was said that the interest money of small savings schemes of the post office will be sent directly to the bank account or post office savings account from April 1. That is, there will be no cash payment. In such a situation, if you also invest in small savings schemes of the post office, then go to the nearest center and link the bank account.
6- PM Kisan KYC Update
It has become necessary for all the registered people of PM Kisan to do e-KYC. The last date for e-KYC is 31 March 2022. If farmers do not do this work within the stipulated time, then they may not get the next installment.
7- Minimum payment in accounts like PPF and NPS
If you invest in accounts like PPF and NPS, then it is important to check whether you have made a minimum investment or not. If not, do it by 31st March because after that you will have to pay with penalty.
8- KYC Update for Demat and Trading Account
A circular was issued by SEBI in April 2021. In which it was said that NSDL and CDSL have to give 6 important information like name, address, PAN, mobile number, e-mail id and income range.