scorecardresearchIncome tax: Things to do before the financial year draws to a close

Income tax: Things to do before the financial year draws to a close

Updated: 14 Mar 2022, 03:41 PM IST
TL;DR.
Before the financial year comes to an end, make sure that you pay advance tax, file belated I-T return for the previous year, and make investments to be able to claim income tax deductions 
This means if a taxpayer has outstanding tax liability, they must clear it before March 15 to avoid penalty

This means if a taxpayer has outstanding tax liability, they must clear it before March 15 to avoid penalty