March 31 Last Date To Follow These Government Rules
March 31 is an important date to follow the government rules for all the earning entities whether it is a small firm, MNC or an earning individual. Everyone knows that this date is the ending day of many government services. March 31 is not only the last day of a financial year but also the deadline of many pending government works related to finance. If you do not accomplish these tasks on time, you can face many problems in the next fiscal year. Government may charge heavy penalties if you do not complete them before this date.
To Make Your Woking easy We Are Going To Tell You The Government Rules To Follow Before March 31
File Your ITR, Even Revised
All individuals should file their ITR before March 31. If your ITR filing is delayed or revised then also you can do it before this date. Complete your total pending work-related ITR filling before March-end.
Link Your Aadhaar-PAN
If you have not yet linked your Aadhaar & PAN then please get it done before March 31. It is mandatory to link your Aadhaar and PAN to avail of some government services.
KYC Update To Your Bank Account
You should complete your bank account KYC before the deadline. Bank account KYC updation is mandatory for all account holders. Previous last date to update KYC in your bank account was March 31, 2021. But due to the Omicron variant of coronavirus, it was extended to March 31, 2022.
If You need to pay the advance tax in instalments then the date of your last instalment is March 31. This system of advanced tax was applied to ensure that revenue reaches the government without delay.
Important dates to pay advance tax are:
Advanced tax should be paid:
- 15 per cent before June 15
- 45 per cent before September 15
- 75 per cent before December 15
- 100 per cent before March 15