October 29, 2020

Complete these 3 important works before 31st March 2020, otherwise you have to pay more

Complete these 3 important works before 31st March 2020, otherwise you have to pay more



New financial year is going to start from April 1st, 2020. It is always expected that new rules or government schemes shall be implemented with new financial year beginning. On the other hands, old rules and government schemes may complete on the last day of the current financial year i. e. on 31st March 2020. I am listing the 3 major matters to be completed on or before 31st Match 2020.

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  • Link your PAN with Aadhar card: if you not link your PAN with your Aadhar Card before 31st Match, then your PAN will be deactivated effective from 1st April. Once, it has deactivated, you need to apply again for PAN.
  • PM Housing Scheme: If you brought a home or house during FY: 2019-20, then you can claim your credit subsidy up to 31st March only. If you beneficiary under this scheme. then claim your credit subsidy before 31st March.
  • ITR filling: If you have submitted ITR and now you want to submit it again with rectification, then you must do it before 31st March 2020. You can resubmit your ITR for the AY 2019-20 on or before 31st March. If you did not filed return at all, then you also can do it before 31st March. However, you have to pay penalty up to Rs. 10000.

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So, if anything from above is pending, do it complete before March 31st. Otherwise it will cost you more.