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.

Also read: Want to redeem gold bond money before maturity? So you can withdraw on these dates

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.

The post Attention! Do these 5 important things immediately till March 31, otherwise there will be a big loss first appeared on Rightsofemployees.com.

If you have not done tax planning for the current financial year yet, then you must be doing so at the last moment. Although tax planning is a year-long activity, many people become aware of it only when the financial year comes to an end. This strategy is wrong as there is also a possibility of mistakes in tax planning at the last minute. Let us know about some such mistakes, which should be avoided.

Make a list of tax liabilities

Before doing tax planning, it is important to know what your tax liability is. To know about the tax liabilities, first of all it is important to know about your total income and your tax slab. There are many sources of income – salary, business, interest on deposits, capital gains on selling stocks or mutual funds, gifts etc. However, not every income is taxable.

investment return

Always be updated about the annual rate of return of your tax saving option. Be sure to match it with publicly available information about that option. Knowing about the returns, you will know how helpful it is to save tax by investing in it. Is this option beneficial or not, or there is a need to shift to some other option.

The post ITR Filing: The last date for filing income tax is near, do not make these mistakes in tax planning, otherwise there will be loss first appeared on Rightsofemployees.com.