Apart from the PAN-Aadhaar link, what else to do till March 31? Know otherwise you may have to repent!
Explain that apart from linking PAN-Aadhaar, you will have to complete many important tasks like nomination in mutual funds, tax savings investment, investment in PM Vaya Vandana Yojana and investment in SBI’s Amrit Kalash scheme before March 31.
The government has set a deadline of March 31 to link PAN cards with Aadhaar. (Photo: Shakti knowledge)
Highlights
1. If you do not link your PAN with your Aadhaar by March 31, then your PAN will become inactive.
2. The Central Board of Direct Taxes is charging a late fee of Rs 1000 for linking PAN with Aadhaar.
3. If you have not yet done a tax investment for the financial year 2022-23, then do it soon.
New Delhi. The financial year 2022-23 will end on 31 March and the new financial year will start on 1 April. In this last month, you have had to complete many important tasks. The government has fixed a deadline of March 31 to complete many such works. This is also the last chance to link a PAN card with Aadhaar. If you have not linked your PAN with your Aadhaar, then your PAN will become inactive.
Let us tell you that apart from linking PAN-Aadhaar, you will have to complete many important tasks like nomination in mutual funds, tax savings investment, investment in PM Vaya Vandana Yojana and investment in SBI’s Amrit Kalash scheme before March 31. Let us know about them in detail.
PAN card will become inactive on April 1.
If you have not yet linked your PAN with your Aadhaar, then finish this work soon. Please tell us that till March 31, 2023, you can link your PAN with your Aadhaar with a late fee of Rs 1000. Since June 30, 2022, the Central Board of Direct Taxes (CBDT) is charging a late fee of Rs 1000 for linking PAN with Aadhaar.
Mutual fund accounts can be freeze
If you have not yet completed the process of nomination in mutual funds, then do it immediately. Let us tell you that all the fund houses have fixed the deadline of March 31 for this. If you do not do this by this date, then your mutual fund account can be frozen.
Tax Savings Investment
If you have not yet done tax investment for the financial year 2022-23, then do it soon. You can avail of 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.
PM Vaya Vandana Yojana
If a senior citizen wants to invest in PM Vaya Vandana Yojana, March 31, 2023, is its last date. The government has not issued any kind of notification to take this scheme forward. In such a situation, you can invest in it only till 31st March. PM Vaya Vandana Yojana is a pension scheme for citizens of 60 years and above.
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