1. ITR Filing
So far, if the Revised or Delayed Income Tax Return (ITR) of the financial year 2019-20 has not been filled, then the deadline to fill it will expire on 31 March 2021. On filing a delayed income tax return, you may have to pay late fine of up to Rs 10,000. However, if your income is up to Rs 5 lakh, then you have to pay a fee of Rs 1,000 only.
2. Filing FilletMarch 31 is the last day of the financial year 2019-20. Therefore, it will also be the last date of revised or late income tax file for the financial year 19-20. A bilated return is filed after the expiry of the original deadline for filing Income Tax Return (ITR) for a financial year. For this, the taxpayer has to pay a penalty. The bilated ITR is to be submitted before 31 March 2021 with a late filing fee of Rs 10,000.
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3. Revised Return
The revised or revised ITR files a taxpayer if there is an error while filing the original tax return. This includes mistakes such as forgetting the claim of deduction, non-reporting of income or bank account etc. If you have filed your ITR, but want to make any changes in it, then you can file the revised return.
3. GST Return Filing
The deadline for filing the annual GST Return for the financial year 2019-20 is till 31 March 2021. The Finance Ministry had decided to extend the date of filing GSTR-9 and GSTR-9C in view of the problem of taxpayers.
4. Bill submission under LTC Cash Voucher Scheme
The last date for taking tax benefit under LTC Cash Voucher Scheme is 31 March 2021. Taxpayers will have to submit the necessary bills to their institute by March 31 to get the benefits. It is necessary to have the amount of GST in the bill and the GST number of the vendor. To avail benefits under LTC Cash Voucher Scheme, an employee has to spend three times the LTA fare in 12% and above services or goods with GST.
5. PAN Aadhaar Linking
Under the existing rules, it is mandatory to link PAN with your Aadhaar number. Whose deadline has been increased from 30 June 2020 to 31 March 2021. In such a situation, people who have not yet linked their PAN to Aadhaar will have to pay a fine. Apart from this, their PAN card will also become inactive from 1 April 2021.
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6. Confidence Scheme by Dispute
Under the ‘Dispute to Confidence’ scheme, the deadline for filing Declaration was extended to 31 March. The Direct Taxes ‘Conflict to Confidence’ Act came into force on 17 March 2020. The purpose of this scheme is to resolve pending disputes. In all the courts, 4.83 lakh cases related to direct tax of Rs 9.32 lakh crore are pending. Under this scheme, taxpayers will have to pay only the disputed tax amount. They will get full rebate on interest and penalty.
7. Special Festival Advance Scheme
Government employees can get special advance up to Rs 10,000 till March 31, 2021, interest-free. The government announced this scheme in October 2020 with LTC Cash Voucher Scheme. If government employees take this advance, they can return it in maximum 10 installments.
8. Emergency Credit Line Guarantee Scheme
The government announced the Emergency Credit Line Guarantee Scheme on May 13, 2020, under the self-sufficient India package. Under this scheme, an unsecured loan is being made available for the business. The last date to avail the Emergency Credit Line Guarantee Scheme is 31 March 2021.
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9. Old checkbooks will only be valid till 31 March
The old checkbooks of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank are valid till 31 March only. From 1 April 2021, checkbooks of these banks are going to be invalid. These are the banks whose merger with other banks took effect from 1 April 2019 and 1 April 2020.
10. PMAY Credit Linked Subsidy Scheme
The last date to avail the credit subsidy under the Pradhan Mantri Awas Yojana is 31 March 2021. Under this, credit link subsidy is available on home loans. People with income ranging from Rs 6 lakh to Rs 18 lakh can avail this scheme.