Complete These 7 Financial Tasks By March 31

The fiscal year will finish in just two weeks (March 31). A variety of financial-related works need to be completed before that. These are 7 significant financial tasks that need to be completed by March 31.

Zee Media Bureau
Mar 16, 2023

PAN-AADHAAR Linking

The deadline for linking a Permanent Account Number (PAN) card with an Aadhaar card has been extended by the Central Board of Direct Taxes (CBDT) ends on March 31, 2023.

Tax Saving Investments

Compile all of your tax-saving investments from the current fiscal year 2022–2023 in one place because you you only have this month to do so.

Submit Form 12B

If you changed jobs during the fiscal year 2022–2023, use Form 12B to report your new income. Based on the information given in Form 12B before March 31, your new organisation will be able to deduct exact TDS.

Belated ITR or revised ITR

The last date for filing belated ITR for FY 2021-22 is 31 March 2023.

Special FD scheme

Some banks including SBI, HDFC Bank, Indian Bank, IDBI bank and Punjab & Sind Bank had announced special FD scheme or limited period FD Schemes for its customers which are all ending on 31 March 2023.

KYC for Banks

The Reserve Bank of India had extended the deadline for bank account KYC to 31 March 2023.

Long-term capital gains

The final day for people wishing to use section 54 GB to avoid paying long-term capital gains (LTCG) tax is 31 March 2023.

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