Calendar year 2024 is about to end. Only seven days are left. But there is still a deadline of December 31 for some financial work. You can complete your pending work in the next seven days.Â
You also have a chance to file ITR late. Apart from this, there is also a deadline of December 31 to invest in special FDs of banks.
Delayed ITR filing
If any taxpayer has missed filing income tax return (ITR) for the financial year 2023-24 (FY 24) before the last date of ITR filing of July 31, then they have the last chance to submit their ITR in December. Such people who were unable to file ITR on July 31 can file late ITR by December 31 with a certain penalty amount. Note, the taxpayer will have to deposit a late fine of ₹ 5,000. If the total income is less than ₹ 5 lakh annually, then the late fine amount is ₹ 1,000.
IDBI Bank Utsav FD
You can invest in a special Utsav FD scheme of IDBI Bank for attractive interest rates of up to 7.85%. The Utsav FD scheme is available to the general public till December 31. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35% and 7.20% respectively for tenures of 300 days, 375 days, 444 days and 700 days. Higher interest rates are being offered for senior citizens.
Punjab and Sind Bank Special FD
Under the Punjab and Sind Bank Special FD Scheme, any investor can invest money at an interest rate of up to 7.45%. The bank offers 7.20% return on FD for a period of 333 days. People will get an interest of 7.3% for a period of 444 days. For 555 days (callable) deposits, the bank offers an interest rate of 7.45%. On the 777 days special deposit, people can avail an interest rate of 7.25%. The current rates will be valid for the period up to December 31.
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