The last month of the financial year 2022-23 i.e. March has started. You have many important tasks to complete this month. One of these tasks is to link PAN with Aadhaar. If you do not do this till March 31, 2023, your PAN will become inactive. You can link PAN with Aadhaar till March 31, 2023 with a late fee of Rs 1000
- Aadhaar-PAN Link
If you have not yet linked your PAN with Aadhaar, get it done soon. If you do not do this till March 31, 2023, your PAN will become inactive. The Central Board of Direct Taxes (CBDT) is charging a late fee of Rs 1000 for linking PAN with Aadhaar from June 30, 2022 onwards.
- Tax Savings Investment
If you have not yet done tax investment for the financial year 2022-23, then do it soon. You can avail Section 80C tax exemption by investing in PPF, Sukanya Samriddhi Yojana, 5 year FD and ELSS etc. For this, you have to invest in this scheme till 31st March.
- Investment in PM Vaya Vandana Yojana
If any senior citizens want to invest in PM Vaya Vandana Yojana, then they can do so only till March 31, 2023. The government has not issued any notification to take this scheme forward. In such a situation, you can invest in it only till March. It is a pension scheme for citizens of 60 years and above.
- Investment in SBI’s Amrit Kalash scheme
State Bank of India’s (SBI) new fixed deposit scheme Amrit Kalash is about to end this month. Under this, 7.6% interest is being given to senior citizens and 7.1% to others. One has to invest in this fixed deposit scheme for 400 days.
- Nomination in Mutual Fund
If you have not yet completed the process of nomination in mutual funds, then do this work as soon as possible. All fund houses have set a deadline of March 31 for this. If you do not do this then your mutual fund account can be frozen.