New Delhi, Mar 31: The fiscal year will end today, March 31. People who have not completed their tax-related works should do it now. Time is very less and work is more to be done as tax and investments take time.
But before you forget something, please go through this list and go through this list which you should keep in mind.
Income Tax Returns Filing
The income tax department has fixed March 31 as the last date for the ones who have file tax returns of 2016-2017 and 2017-2018. And this date will not be extended. So, don’t miss it and fill your returns quickly.
Tax Saving Investments
Many people invest in tax in order to save their tax. So if you have done any investments then make the list of those investments to save your last minute time. And the ones who have done till now, then you just have three days.
TDS on Rent Payments
The one living in rented accommodation also comes under tax slab.The people, who are paying Rs 50,000 or more, will pay tax at the rate of 5 percent. This tax has to be deposited before March 31.