Friday, September 16, 2016

ITR Filling after the due date

 If you discover any omission or any wrong statement in your original return, you can re-file ITR with modifications. If the Return of Income for the Financial Year 2015-16 or Assessment Year 2016-17 is filed by you before the due date of filing of Income Tax Return i.e.5 th Aug 2016, and you later discover some mistake, you can file a Revised Return of Income Tax anytime up to 31st March 2017.

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Top 10 Tax Saver Mutual Funds to invest in India for 2016

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1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

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