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PAN-Aadhaar Link ITR Filing: You have to complete 5 money orders by March 31|

PAN-Aadhaar Link ITR Filing: You have to complete 5 money orders by March 31|

At the end of the current financial year, filing of delayed or revised Income Tax Return (ITR), PAN-Aadhaar linking, KYC of bank account, KYC of demat and trading account etc. Many important money-oriented activities such as So, it is recommended that the earner know these important money oriented tasks and complete them on or before March 31, 2022.

Here we list the top 5 money tasks that need to be done on or before March 31, 2022:

1]Late or Revised ITR Filing: The last date for filing belated income tax return or ITR for AY2021-22 is March 31, 2022. Hence, an income earner who is unable to file ITR within the due date should file a belated ITR by March 31, 2022.

Similarly, the last date for filing delayed or revised ITR for FY 2020-21 is March 31, 2021. If an income earner files a belated ITR online, he can amend it on or before March 31, 2022. So, as a taxpayer, if you notice any mistake in your ITR, you can correct it before the given deadline of March 31, 2022.

2]PAN-Aadhaar Link: Last date for Aadhaar PAN link is 31 March 2022. If you fail to link your PAN card with your Aadhaar card, then your PAN card will become inactive or invalid. Under Section 272B, carrying an invalid PAN card can result in 10,000 fine. Also, TDS on bank deposit interest is doubled. So, you should immediately check whether your PAN and Aadhaar card are linked or not. If it has not been linked, link them on or before March 31, 2022.

3]Bank Account KYC Update: Due to the rising threat of Omicron virus, the Reserve Bank of India (RBI) has extended the last date for bank account KYC update from 31st December 2021 to 31st March 2022. Hence, bank account holders are advised to complete its KYC update on or before 31st. March 2022, otherwise their bank account may be frozen.

4]Linking Small Savings Scheme with Bank Account/Postal Savings: The Department of Posts has recently issued a circular stating that the interest on MIS/SCSS/TD accounts will be credited to account holder’s PO Savings Account or Bank Account only from April 1, 2022. Hence, the small savings scheme should be linked to the post office. account and bank account until March 31, 2022 to continue receiving the interest loan on time.

5]KYC of Demat and Trading Account: According to the SEBI circular issued in April 2021, NSDL and CDSL will have to ensure that 6 KYC attributes – name, address, PAN, valid mobile number, valid email ID and income range – are updated in existing demat and trading accounts. . Demat and trading account KYC deadline is also March 31, 2022.

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