Utility News: Get PAN card linked with Aadhaar card soon, otherwise there may be problems in financial work

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Before the financial year ends, there are many tasks that need to be completed. Those who have not yet completed important tasks like linking PAN and Aadhaar, investing in PM Vaya Vandana Yojana and tax planning should do so before the deadline of March 31, 2023.

If you have not yet linked your PAN and Aadhaar card, then it is necessary to link before March 31, 2023. After this date, your PAN will become inoperative and you will not be able to file your income tax return. Those failing to link their PAN and Aadhaar cards by the deadline will be fined Rs 10,000.

Senior citizens who want to invest in PM Vaya Vandana Yojana should invest before the deadline of March 31, 2023. The government has not issued any notification regarding the extension of this scheme. Thus investing in the scheme is possible only till the time frame.

Those who have not yet done their tax planning for the financial year 2022-23 can do so before the March 31 deadline. You will get tax exemption on investing in PPF, Sukanya Samriddhi Yojana, ELSS etc. during this period.

If you wish to avail tax exemption on LIC policies with high premium, you can do so only by purchasing the policy before the March 31 deadline. Exemption will not be available from 1 April 2023.

It is also necessary to complete the nomination process in the mutual fund before the March 31 deadline. All fund houses have set this deadline, and failure to complete the nomination process can lead to freezing of your mutual fund account.

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