The current financial year is coming to an end on March 31 and so are deadlines for several money-oriented tasks. Deadlines for belated or revised income tax return (ITR) filing, PAN-Aadhar link, bank account KYC, and KYC of demat and trading account are among them.
The deadline for filing belated income tax return for FY 2020-21, or AY 2021-22 is March 31. Tax payers will not be able to file the same after the deadline. Top five tasks that one should complete on or before March 31, 2022.
If you do not link your PAN card with Aadhar card before March 31, 2022, you may be liable for penalty. Carrying an invalid PAN card may lead to ₹10,000 penalty.
RBI has extended the last date for bank account KYC update from December 21, 2021 to March 31, 2022. Bank account holders can avoid the risk of their accounts being frozen by completing their KYC on or before March 31.
Interest on MIS/SCSS/TD accounts shall be credited only in account holder’s PO Savings Account or Bank Account from April 2022. Account holders will have to link their small savings scheme accounts with a post office account and bank account by the end of this financial year.
The deadline for KYC of demat and trading account is also March 31. As per the SEBI circular, share depositories NSDL and CDSL are required to ensure that name, address, PAN, valid mobile number, valid e-mail ID and income range are updated.
