March 31 Deadline: If you are a taxpayer, then this news is of your use. If you do not settle the tax and investment related work by March 31, then there may be a loss.
new Delhi. Only a few days are left for the financial year 2021-22 (FY22). The new financial year (FY23) will start from 1st April 2022. In such a situation, there are many tax and investment related tasks which you should settle before 31 March 2022. Let us know what works related to money you should do before March 31 so that trouble can be avoided.
PAN-Aadhaar linking deadline
The deadline for linking Aadhaar with PAN is March 31, 2022. Not only can you have to pay a fine for not linking PAN and Aadhaar by March 31, but your PAN card may also become completely inactive. The deadline for linking PAN-Aadhaar has been extended several times by the central government. Earlier the deadline for linking PAN card with Aadhaar was September 30, 2021.
Belated ITR Filing
The last date to file belated ITR for AY2021-22 is 31 March 2022. Hence an earning person who failed to file their ITR by the stipulated due date is advised to file their belated ITR by 31st March 2022.
KYC of bank accounts
Earlier the last date for updating bank account KYC was 31 March 2021 but due to Corona this date was extended. The Reserve Bank of India (RBI) has kept the last date for updating KYC till 31 March 2022. Get KYC done for bank account i.e. savings account by 31st March.
Invest to save tax
If till now you have not adopted all the methods of saving maximum tax, then it would be better to get this work done as soon as possible. If you have not invested fully for tax saving, then you can do it before 31st March. For FY 2021-2022Income TaxTo get the exemption, you have to invest by 31 March 2022.
Advance Tax
Taxpayers having tax liability of more than Rs 10,000 can pay advance tax under section 208 of Income Tax. March 15, 2022 was the last date for filing advance tax which has been extended till March 31, 2022.
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