Here's how you can save tax in the last 2 days of current FY
By Team Legistify / 2017-03-30

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With only two more days left for the tax saving season to end, for those who still haven't exhausted their section 80C limit of Rs 1.5 lakh per annum, there's a dim hope left. Certain tax savers allow one to invest online with minimum or fewer hassles, all without moving out of your office or home.

Any tax saving investment that requires payment by cheque or has a long drawn process will be out of bounds in the last few days of the financial year. Investing in a tax saving instrument through cheque especially during the last few days of the financial year, may get held up due to various reasons.

Let's say a tax payer invests in a tax saver through a cheque on 30th March( or even 29th March) but the payment doesn't go through for any reason, say, date wrongly mentioned or signature mismatch and the investment actually gets pushed into the next financial year even after running around to rectify it.

Here are few investment alternatives, such as 5-year bank fixed deposit, ELSS mutual funds, NPS, term insurance plan, Ulips, health insurance and even making a home loan repayment, which can be made online .

We are not in any way suggesting to invest in any of the following instruments to merely save tax at the last minute. However, if any of these fit in your financial plan but you are running out of time to invest then the online investment route could help.

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