{"id":2654,"date":"2022-03-11T08:00:32","date_gmt":"2022-03-11T08:00:32","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=2654"},"modified":"2025-04-15T17:04:44","modified_gmt":"2025-04-15T11:34:44","slug":"taxation-checklist-a-convenient-list-to-make-sure-you-have-everything-in-order-to-file-income-tax-this-month","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/taxation-checklist-a-convenient-list-to-make-sure-you-have-everything-in-order-to-file-income-tax-this-month\/","title":{"rendered":"Taxation checklist \u2013 A convenient list to make sure you have everything in order to file income tax this month"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p><\/p>\n\n\n\n<p>March is here and like always the end of the month will be hectic. Many of us will scramble to get papers&nbsp; to submit for tax purposes at work. &nbsp;There are six things that can help you be <a href=\"https:\/\/www.equentis.com\/blog\/what-is-direct-tax\/\">income tax<\/a> compliant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\" id=\"1-link-aadhaar-with-pan\">1. <strong>Link Aadhaar with PAN:<\/strong><\/h2>\n\n\n\n<p>Have you linked your PAN and Aadhaar yet? It is a must if you want your tax returns to be processed. If you haven\u2019t, then do so before 31st March 2022.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"2-file-pending-it-returns\">2. File pending IT returns<\/h3>\n\n\n\n<p>The last date for filing the Income-tax return for AY 2020-21 (Assessment year) is 31st March. If you haven\u2019t filed your returns for the same period, then do so before the month ends. . Your tax returns will include the penalty and interest for delay in filing taxes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"3-calculate-deductions\"><strong>3. Calculate deductions<\/strong><\/h3>\n\n\n\n<p>&nbsp;Individual taxpayers can invest in specific investment\/saving sachemes such as FDs, NSC, ELSS, ULIPS etc., &nbsp;to avail <a href=\"https:\/\/www.equentis.com\/blog\/old-tax-regime-slabs\/\">deductions<\/a> u\/s 80C, 80D, and 80G. Understanding these calculations can help you diversify you save in taxes as well as create an investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"4-invest-to-claim-deductions\"><strong>4. Invest to claim deductions<\/strong><\/h3>\n\n\n\n<p>You can invest in various instruments to claim exemptions and deductions while earning handsome returns. Make sure you invest before 31st March to include it in the current financial year (FY22)and claim deductions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"5-claim-reimbursements\"><strong>5. Claim reimbursements<\/strong><\/h3>\n\n\n\n<p>Do you have your expense receipts ready to claim reimbursements? If you haven\u2019t, then collect your medical, telephone, leave travel, and house rent receipts to submit as proof of expenses to your employer right now.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"6-compulsory-investment-under-ppf\"><strong>6. Compulsory investment under PPF<\/strong><\/h3>\n\n\n\n<p>Do you have a PPF account? If yes, then you must contribute at least Rs. 500 to the account every financial year. March end is the last day to contribute to your PPF account<br><\/p>\n\n\n\n<p><br>Well, the points mentioned above are based on individual requirements. But we have a handy checklist that can help you keep a track of documents and proofs needed to be tax-ready.<br><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"454\" height=\"1024\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2022\/03\/Tax-checklist-454x1024.jpg\" alt=\"\" class=\"wp-image-2669\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2022\/03\/Tax-checklist-454x1024.jpg 454w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2022\/03\/Tax-checklist-133x300.jpg 133w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2022\/03\/Tax-checklist.jpg 650w\" sizes=\"(max-width: 454px) 100vw, 454px\" \/><\/figure>\n\n\n\n<p><strong>Read more: \u00a0<a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/voices\/long-term-investing-helps-create-life-changing-wealth\" target=\"_blank\" rel=\"noreferrer noopener\">How Long-term investing helps create life-changing wealth \u2013 TOI<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>March is here and like always the end of the month will be hectic. Many of us will scramble to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3126,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10],"tags":[74,73,70],"class_list":["post-2654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-investments","tag-tax-saving","tag-taxation"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=2654"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2654\/revisions"}],"predecessor-version":[{"id":55234,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/2654\/revisions\/55234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/3126"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=2654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=2654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=2654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}