5 important money task deadline: There are many such works related to money i.e. money-rupee, which you have to complete before 30 September.
Otherwise, from this your banking transactions to the transactions related to the stock market can get stuck. Due to the Kovid 19 epidemic, the deadline for many things was extended by the Finance Ministry. These include from filing returns (ITR filing) for the financial year 2021 to linking PAN with Aadhaar (PAN-Aadhaar linking). Let us know 5 such important government compliances, which we have to complete by 30 September.
link pan with aadhaar
Linking PAN with Aadhaar is very important. The government has fixed 31 September 2021 as the deadline for linking PAN with Aadhaar. If you do not link PAN with Aadhaar by September 30, then your PAN will become unoperative. Once your PAN is deactivated, many financial transactions will stop. Your KYC will also be considered complete. Apart from this, if you link PAN-Aadhaar after the deadline is over, you will also have to pay a penalty. This penalty can be up to Rs 1,000.
Get KYC done in Demat account
Capital market regulator Securities and Exchange Board of India (SEBI) has extended the deadline for investors to update KYC details in demat and trading accounts to 30 September 2021. Earlier this deadline was 31 July 2021. SEBI gave this relaxation in the circular issued on July 30. Investors will not be able to trade in the stock market if KYC is not updated. Because their account will be considered deactivated. In this case, share transfer will not be possible. Therefore, KYC must be updated in the demat account within the stipulated time frame.
Advance Tax for FY22
The last date for depositing the second installment of advance tax for the financial year 2021-22 is 15 September 2021. If your estimated tax liability is more than Rs 10,000 in a financial year. So you have to pay advance tax. Penalty has to be paid for non-payment of advance tax. Therefore, keep in mind that advance tax should be paid before the stipulated time.
file ITR
If you have not yet filed Income Tax Return (ITR) for the financial year 2020-21, then do it by 30 September 2021. Taxpayers whose accounts are not required to be audited should file their returns for FY21 before the deadline. After that you have to pay fine. If your total income in a financial year does not exceed 5 lakhs, then you may have to pay a fine of Rs 1,000.
Update mobile number in bank account
The rules of additional factor authentication will be applicable on auto debit of your debit card and credit card from October 1. In this, the approval of the customer will be required for different payments i.e. auto debit will be turned off on many utility payments. It requires two factor authentication. Therefore it is important that the mobile number in your bank is correct. If you have not given the mobile number in the bank, then give it. At the same time, if it has changed, then update it.
