PAN Aadhaar Linking To Advance Tax Payment Many Work Important Dates To Look Out For In March 2023 | PAN

PAN-Aadhaar Linking: By the end of March, the deadline to complete many works is expiring, which includes PAN Aadhaar linking to payment of advance tax. If these works are not completed before time then you will have to go through many problems.

If the work is not completed on the deadline, there is a possibility of payment of more money to make documents like PAN inactive. Here is a list of all the things that you should complete during March. Let us know which are these works.

PAN-Aadhaar Linking

The Income Tax Department has made it mandatory for PAN holders to link it with Aadhaar by the end of March this year. If this work is not done then your PAN card will be of no use i.e. it will become inactive. Its deadline is till March 31, 2023. Will not be able to do things like income tax return and TDS etc. A late fee of Rs 1,000 is applicable for linking PAN and Aadhaar.

advance tax payment

According to the Income Tax Department, the last date to pay the last installment of advance tax payment for the financial year 2022-2023 is March 15, 2023. By this date, taxpayers will have to pay 100 percent advance tax. As per section 208 of the Income Tax Act, every person whose estimated tax liability for the year is Rs.10,000 or more has to pay advance tax. However, a senior citizen, who does not have any income from the business, is exempted.