best investment options for tax savings, complete these 5 tasks in 8 days, otherwise problems may increase – must complete these works before 31st march 2023

1 – Link PAN with Aadhaar

The last date to link Aadhaar with PAN was extended by the government. Earlier it was 30 September 2021 then it was extended to 31 March 2022. After this it has been extended till 31 March 2023. Make sure to link Aadhaar with PAN by this date. Failure to do so will deactivate your PAN. You may also be fined. You will not be able to invest in shares, mutual funds and other securities.

Income Tax Saving: If you want to save income tax, then do this work before March 31, 68000 cases are on the radar of Income Tax Department

2 – File ITR

Taxpayers should file updated ITR. The last date to file updated ITR for FY20 or Assessment Year 2020-21 (AY21) is March 31. It can be filed even if ITR has not been filed. However, those with zero or negative returns are not required to file an updated ITR.

3 – Adding the name of the nominee

If you invest in the stock market. If you buy and sell shares of companies, then you must add the name of the nominee to your demat account by March 31. Failure to do so will freeze your account. You will not be able to buy and sell stocks. SEBI has made it mandatory for all demat account and trading account holders to have a nominee.

If you invest in the stock market, do this work till 31st, your account will be frozen, you will not be able to buy and sell stocks

4 – Investment in PM Vaya Vandana Yojana

The last chance to invest in PM Vaya Vandana Yojana is till 31 March 2023. After this you will not be able to invest in this scheme. The government is yet to issue any notification to go ahead with the scheme. You can invest in it only till 31st March.

Saving Scheme: This government scheme will make you a millionaire, you just have to invest 50 rupees every day, you will get full 35 lakhs

5- Benefit of tax deduction

If you want to take advantage of tax deduction on LIC policy with high premium, then you have to subscribe it before 31 March 2023. You will not be able to get discount on this after 31st March. According to the new income tax rules that will come into effect from April 1, 2023, earnings on life insurance policies above the annual premium of Rs 5 lakh will be taxable.