Srinagar, Mar,05: Financial Work Before 31 March 2023: Only a few days are left for the month of March to end. In such a situation, the government has issued a deadline for some works. It is very important for you to finish those works in time.
If you do not do this then you may have to face heavy losses. Let me tell you, the month of March is very important from the financial point of view. This is the last month of the financial year . In such a situation, before the end of the financial year, you will have to settle many tasks. Let us know for which works the government has issued the deadline.
If you have not yet done many important works like PAN-Aadhaar link , PM Vaya Vandana Yojana, tax planning , then definitely deal with them in time. Otherwise you may suffer a big loss. Let us know that the deadline for which financial works is ending on March 31, 2023.
Finish these 5 tasks in time before March 31
1. If you have not yet linked PAN and Aadhaar card, do it before March 31. Otherwise your PAN will be of no use from 1st April. After this you will not be able to file income tax return. To do this work from April 1, you will have to pay a fine of Rs 10,000.
2. If a senior citizen wants to invest in PM Vaya Vandana Yojana, then he can do so only till March 31, 2023. 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 March.
3. If you have not done tax planning yet, then this is your last chance. If you want to get tax exemption for the financial year 2022-23 through PPF, Sukanya Samriddhi Yojana, ELSS etc., then invest in this scheme within 31 March.
4. If you want to get tax rebate on LIC policy with higher premium, then you can get this rebate only on the policy purchased till March 31, 2023. People will not get the benefit of this exemption from April 1.
5. If you have not yet completed the process of nomination in mutual funds, then do this work as soon as possible. All fund houses have set a deadline of March 31 for this. If you do not do this then your mutual fund account will be frozen.
