Financial Work: 31st March is coming and the new financial year will start from 1st April. But there are many such works which you need to complete before 31st March. Otherwise, there may be trouble ahead for you. There are many such tasks, including income tax return, Aadhaar-PAN link and insurance policy, which need to be completed by March 31.
The last date to link PAN with Aadhaar is 31 March 2023. Earlier this work was to be done by 30 September 2021. Later this date was extended. If PAN is not linked to Aadhaar by March 31, then your PAN will be deactivated. Apart from this, you can also be fined.
Even if you have to file an updated ITR, you still have time till March 31. The last date to file updated ITR for FY20 is March 31. In case of non-filing of ITR, you can also file it.
Those trading in the stock market are required to add the name of the nominee in the demat account by 31st March. If this is not done by the due date, then your demat account will be frozen. After this you will not be able to buy and sell stocks. It has been made mandatory by SEBI.
The last chance to invest in LIC’s PM Vaya Vandana Yojana is till March 31, 2023. After this it will not be possible to invest in this scheme. No notification has been issued by the government to extend the last date of the scheme.
If you want to take advantage of tax deduction on LIC policy with high premium, then it has to be subscribed before March 31, 2023. The discount will not be available after March 31.
