Get all these things done before July 31, otherwise you will regret it

There are only a few days left in the month of July, if you don’t do this important work before July 31, you may have to pay a penalty.

July 31 is important for many plans. Because there are many works in July which if not completed then you may have to bear a big financial loss. Let us tell you that the last date for filing Income Tax Return (ITR) is 31 July. Not only this, the last date for e-KYC of PM Kisan Samman Nidhi is also 31 July. Apart from this, the last date for availing Monsoon Crop Insurance is also July 31. So, complete all the work on time, otherwise you may suffer huge losses. So get these three things done on time.

ITR file

For filing income tax return ITR will be filed for the financial year 2021-22 i.e. assessment year 2022-23. You have to pay late fee for filing ITR after 31st July. Under this, if the taxable income is 5 lakh rupees or less then the late fee is 1000 rupees and if the taxable income is more than 5 lakh rupees then the late fee has to be paid 5000 rupees. In many cases this fee can be up to 10,000.

PM Kisan Yojana KYC

Also eligible farmers who have not yet done KYC for PM Kisan Yojana. The date has once again been extended for them. Let us tell you that the last date of e-KYC is 31 July. There are few days left to complete this work. If the eligible farmers under the scheme do not undergo KYC, then they will not get two thousand rupees of PM Kisan. KYC process is being done to prevent fraud from the government. Eligible farmers will get Rs 2000 under the next installment of PM Kisan Yojana if KYC is done by 31 July 2022.

Crop insurance

Many places have been flooded during the rainy season. Due to which farmers’ crops have been destroyed. In such a situation, it is necessary to enroll oneself for the Pradhan Mantri Crop Insurance Yojana. According to a tweet released by the Ministry of Agriculture and Farmers Welfare, registration for crop insurance can be done till July 31. Due to which your loss will be compensated. If you miss on July 31, you may have to bear heavy losses.