New Delhi: Come April 1 and several rules will change in the country while newer rules will be implemented. So you have practically just a day's time before you finish these important tasks.


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Find out what all needs to be done before March 31


Selling of household gold


If you wanted to sell your household gold for getting something important done, you might as well do it before March 1.


The government, in its amendment to the finance bill makes it tougher for sale of gold for obtaining cash.


From April 1, you can get only Rs 10,000 cash per day for sale of gold as against Rs 20,000.
And if multiple invoices for buying gold beyond Rs 10,000 in cash from the seller is being raised, you could come under the taxmen's radar.


Undisclosed Income


Offering one last window to blackmoney holders post demonetisation, the government has come out with the Pradhan Mantri Garib Kalyan Yojana (PMGKY) scheme giving them time until March-end to come clean. The last date to make your full and honest disclosure under PMGKY is by March 31, 2017.


Non-declaration of such undisclosed income will be liable to tax, surcharge and cess at 77.25 per cent, along with penalty, prosecution and enforcement action.  The tax authorities will issue a certificate to the declarant within 30 days from the end of the month in which a valid declaration has been furnished.


General insurance premium


Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead to insurers for revision in commission for agents.


The change in premium after modification will be limited to +/- 5 percent of the existing rates.


The increase will be in addition to the enhanced third party motor insurance rates, which too will come into affect from April.


The Irdai (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2016 comes into effect from April 1, 2017.


Filing of income tax returns


Are you one of those taxpayers who has not filed income tax returns (ITRs) for FY 2014-15? Well this could be your last option. Do it before March 31.


Here is the reason


In one financial year, you can file IRS for the previous two financial years


So, in FY 2016-17, you can file returns for FY 2015-16 and FY 16-17


Hence returns for FY 2014-15 cannot be filed after March 31, 2017.