Must Read: These 5 important tasks should be done before March 31, otherwise the burden will increase on the pocket, it is important to know
pan aadhar linking
It is necessary to link PAN card with Aadhaar by March 31, 2022. If you do not do this, you may have to face many problems. The last date for linking PAN card with Aadhaar is 31 March 2022. If you do not complete these tasks before the deadline, then you may have to face problems. Those who do not link PAN with Aadhaar by March 31 may have to pay a fine of up to Rs 10,000. On the other hand, State Bank of India has told its customers that if they do not link their PAN with Aadhaar by March 31, then they may face problems in transactions with the bank.
ITR deadline
The Income Tax Department had extended the deadline of IDR in view of the Corona epidemic. The last date for filing ITR for the financial year 2020-21 has been fixed as March 31, 2022. Don’t miss this deadline for filing delayed and amended ITR returns and complete it within the stipulated time frame. Failure to do so will result in the taxpayers paying additional taxes as well as fines.
Complete KYC
The Reserve Bank of India has asked bank account holders to complete their KYC by March 31. If you don’t do this then your trouble may increase. RBI has fixed March 31, 2022 as the deadline for KYC. Under KYC, customers have to update the necessary information like their PAN card, address, Aadhaar, their latest photo, mobile number etc.
Must decide tax saving
Two systems of tax have been given by the Income Tax Department. If you have opted for the old tax regime for FY 2021-22, then you will have to complete your tax saving exercise by March 31, 2022. That is, you have to decide whether you have availed the deduction available under the section.
Required for saving scheme
If you have taken a government savings scheme like Public Provident Fund, National Pension Scheme or Sukanya Samriddhi Yojana, then you have to deposit a minimum amount in your account to continue with your account. According to the rules, you have to deposit the minimum required amount in the account for these savings schemes by 31 March 2022. Otherwise, you will have to pay a charge to get your account activated again.
