Work before 31st March: The month of March is the last in the financial year. All government work is finalized in this month. In such a situation, if you want that you do not have any loss in matters related to government work like tax return, KYC, PAN-Aadhaar update etc. . Let us tell you which documents you should get corrected before 31st March. Because if you do not do this, you may not only have to face problems, but can also be fined.
Get e-KYC done for PM Kisan Yojana
As you know that under PM Kisan Yojana (pm kisan yojana 2022), the central government transfers an installment of Rs 2000 every month to the account of farmers. After Holi, the government is going to transfer the money of the 11th installment to the farmers’ account. But if you want the money to come in your account without any hindrance, then you must get e-KYC done by 31st March. The government has now made e-KYC mandatory for all stakeholders. In such a situation, if you do not get e-KYC done, then your 11th installment will get stuck. This work can also be done online sitting at home.
Link PAN Card and Aadhar Card
As you must be aware, linking PAN card with Aadhaar has become mandatory now. Both of these are very important documents in our country, and they are needed in every work. In such a situation, if you have not yet linked your PAN card with Aadhaar, then you need to pay attention immediately. The government has set a deadline of March 31, 2022 for this. If you do not do this work before this date, then not only your PAN card will be canceled, but under section 272B of the IT Act, a fine of 10 thousand rupees may also have to be paid.
Update KYC
Reserve Bank of India (RBI) has extended the deadline for updating KYC in bank accounts till March 31, 2022. If you do not update your KYC before 31st March, your account may be frozen. Let us tell you, KYC is required not only in the bank but also in many other services. In many cases like insurance, loan, mediclaim, credit card, you may have to face big problems later. Therefore, it would be better to get KYC updated in all your bank accounts before March 31.
File ITR
If you come under the income tax category, then let us tell you that the last date for filing ITR for the financial year 2021-22 is 31 March 2022. Especially it would be better for the salaried people to file their ITR within this time limit. If you do not do this, then you may have to pay a fine and legal action can also be taken against you. In such a situation, better file your income tax return on time than risking your job.
Posted By: Shailendra Kumar