Prajna Capital |
- UTI Fixed Term Income Fund Series XVI - I
- File your Tax Returns
- ICICI Prudential Capital Protection Oriented Fund IV Plan B - 36 Months Plan
| UTI Fixed Term Income Fund Series XVI - I Posted: 08 Aug 2013 06:00 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) UTI Fixed Term Income Fund Series XVI - I (366 days). Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
| |||||||||
| Posted: 08 Aug 2013 04:01 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Not doing so might mean a penalty, not being able to revise returns or carry forward losses and forfeiture of interest on refund
With electronically- filed income tax returns increasing every year and the rush on the last day slowing the income tax ( I- T) department website, the last date for filing returns is being extended through the past couple of years.
For financial year 2012- 13, the deadline was July 31, but was extended to August 5. While the extension brought respite to those who hadn't filed their returns, it isn't a reason to relax. Also, there are repercussions for missing the deadline. You can file returns even today. Those with no other income (except salary) can file returns even after the deadline. The department is lenient and allows filing belated returns for the next two years. For 2012- 13, you could file belated returns till March 31 2015. However, if belated returns are not filed till March 2014 and there is no tax due, you could be charged a penalty of ₹ 5,000. But in case of taxes due, you would be levied an interest (under Section 234 A) at one per cent a month, over and above the penalty. There could be another chargeable interest component under Section 234( B). This deals with delay in depositing advance tax and charges one per cent interest a month, from April 1 2013 till the time the tax is paid. Section 234( B) is applicable only to those who have an outstanding advance tax liability exceeding ₹ 10,000. However, if one has paid 90 per cent of the outstanding advance tax liability, 234( B) is not applicable. If you give a reason for not filing returns on time ( such as an accident, hospitalisation or deputation abroad), the I- T Department might waive the fixed penalty. A recent Delhi High Court order upholding prosecution for willful defaulters ( those one don't file returns despite getting a notice from the department). Those filing belated returns cannot revise their returns in case of any error. You can carry forward losses in investment (equity or mutual funds) in the relevant financial year for exemption in subsequent years only if you filed your returns by the deadline. Also, there is a provision to set off investment gains against losses through the next eight years. However, loss from house property and unabsorbed depreciation is an exception that can be carried forward even if you don't file returns by the deadline. If you delay filing returns, your tax refund process could be delayed. There are chances you could get an enquiry letter from the department. You might also have to forfeit the interest on the refund pending for the period of delay in filing returns. If the refundable amount is more than 10 per cent of the total tax payable, you are entitled to a simple interest of 0.5 per cent on that amount. Filing returns has benefits. While applying for a permanent account number, a home loan or a personal loan, income tax documents are handy. A good record could ensure quick processing of the loan and reduce hassles substantially. Also, if you want to travel abroad, these papers have to be part of the visa application.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
| |||||||||
| ICICI Prudential Capital Protection Oriented Fund IV Plan B - 36 Months Plan Posted: 08 Aug 2013 01:58 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) The launch of ICICI Prudential Capital Protection Oriented Fund IV Plan B - 36 Months Plan, with the following features-
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
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