Get rid of these 5 things quickly before March 31, otherwise you will be annoyed, know what will be the big loss

By | 21 March, 2022

Now the financial year 2021-22 will end and the new financial year 2022-23 will also start from 1st April. If you do not complete the five important tasks immediately before March 31, then there will be a big loss.


The RBI has set March 31, 2022 as the last date for completion of KYC
March 31 is not the last day of any financial year before the start of the new financial year but it is the deadline to complete many financial tasks. If these financial works are not completed on time then big trouble may come in next financial year. You could be fined and the income tax officer could put you in jail. So today we are going to tell you about some of the important things that you should do by 31st March 2022 or earlier.


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શનીવારે અડધી રજાનો સમય શું હોઈ શકે?*

👉મેડીકલ રજા માટે કયો રીપોર્ટ આપવો પડે?

જાહેર રાજા સાથે CL મૂકી શકાય..કે નહીં..? શુ છે સરકારી નિયમ..?*

શાળા વ્યવસ્થા ક્યારે કરવાની થાય ? વ્યવસ્થામાં કયા શિક્ષકે જવાનું થાય..?

વ્યવસ્થામાં જનાર શિક્ષકને કેટલા અંતર પછી ટી.એ. બીલ મળે..?
વ્યવસ્થામાં જનાર શિક્ષક જે તે શાળાનો ચાર્જ સંભાળી , ખાતાકીય , વહીવટી અને નાણાકીય કામ કરી શકે


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The last date for linking Aadhaar and PAN numbers (PAN-Aadhaar linking deadline) is 31st March 2022. If you haven’t done this yet, you can link support and PAN before March 31st. Failure to do so will invalidate the PAN number. You can link both by sending to the e-filing website or UIDPAN 567678 or 56161. Can also be linked offline through the National Securities Depository Limited (NSDL) and PAN service centers or UTIITSL.


Billed or revised ITR

The deadline for filing ITR for the financial year 2020-21 has been extended several times in view of the epidemic. The Income Tax Department set December 31, 2021 as the deadline. However, if you have not been able to file an ITR by that time, you can file your return by March 31, 2022. However, taxpayers will have to pay additional taxes as well as penalties when filing a delayed IT return.



Bank Account KYC

RBI has extended the deadline for completion of KYC from 31st December 2021 to 31st March 2022. The RBI has advised financial institutions not to take any action to update KYC till the end of the current financial year 2021-22. Under KYC, the bank asks customers to update their PAN card, address such as Aadhaar, passport etc. Also requested are recent photographs and other information.




Tax savings planning

If you opted for the old tax system for the financial year 2021-22, you will need to start planning your tax savings by March 31, 2022. This would mean that taxpayers would have to make sure that they have availed of the deductions available under all departments. As per the rules, the generally available deduction is Rs. 1.5 lakh, for NPS contribution under section 80CCD (1B) Rs. 50,000 tax benefit, Rs. 50,000 tax benefits etc.


The account is in the post office

If you have accounts in Public Provident Fund (PPF), National Pension Scheme (NPS), and Sukanya Samrudhi Yojana (SSY) and you have not deposited any money in these accounts for the current financial year, you should add minimum required amount by 31st March 2022. . Otherwise, you will have to pay a penalty for reactivating them. Keep in mind that from FY 2021-22, a person can choose the old or current tax system. Can take advantage of existing tax breaks and deductions. Even if you choose the new tax system, it is important to make sure that you have made the minimum contribution required to keep the account active.

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