Simplified Laws Guide to Taxation and Legal Concern Only four important points. Just read and check whether it is done. if yes, relax! If not, hurry up to finish it!
Link Aadhar to PAN number – Is this done? Are you getting any emails or messages from the tax department? If it is not linked before 31st March 2022, you will have to pay Rs.1000 penalty, to link thereafter. Act now, why waste money simply!
Should NRIs and Foreigners link Aadhar? Aadhar number is not mandatory for Non-Resident Indians and hence they are not required to link with PAN. However, those NRIs who have already obtained the Aadhar number have to link it with PAN.
Filing returns or revised returns for the financial year ending March 2021 –Those who have missed filing IT Returns to date, can file it before 31st March 2022. If you missed this due date, you won’t be able to file it thereafter. Check whether it is done.
Investment in tax saving instruments – Tax saving investments, eligible for deductions under 80C, medical insurance u/s 80D, etc., are to be done before 31st March to get tax exemption for the FY 2021-22. If you miss investing now, you will pay more taxes. The choice is yours!
Advance Tax for FY 2021-22 – Estimate the taxes payable for this year and if anything is payable, pay it before the end of this month and save interest payouts.
Good Day!
