From filing revised ITR to PAN-Aadhaar linking, here are financial deadlines expiring on March 31
Financial Deadlines in 2021: From filing revised ITR to PAN-Aadhaar linking, the taxpayers in India need to ensure that all the tax-related tasks should be completed before the deadline i.e. March 31 when the financial year 2020-2021 will end.
To avoid a penalty, the taxpayers need to finish these tasks before the due deadline. The financial year is between April 1 and March 31. There are several financial deadlines that will expire on March 31, 2021.
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PAN-Aadhaar linking deadline: The Central government extended the deadline to link PAN with Aadhaar to March 31, while the previous deadline was June 30, 2020. If the PAN is not linked with Aadhaar number by March 31, then the PAN will become inoperative from April 1, 2021.
Revised ITR filing Deadline: If you have not filed the revised or delayed income tax return for FY 2019-20, then the deadline for it will expire on March 31.
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LTC Cash Voucher Scheme: It has been made mandatory to submit the bill by March 31, 2021, in the correct format to avail tax under LTC Cash Voucher Scheme.
Emergency Credit Line Guarantee Scheme: Under this scheme, the Central government has provided loans without guarantee to traders and small traders in the unprecedented times of Covid-19. The deadline for disregarding this scheme is March 31.
Filing advance tax: March 15 is the deadline for paying the fourth installment of advance tax for FY 2020-2021.
Vivad Se Vishwas: You need to file the declaration by March 31. The scheme is to reduce the pending income tax litigation and generate timely revenue for the Central government as well as the benefits taxpayers.
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