SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

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SBI Short Term Debt Fund one- and three-year returns are 9.4 per cent and 9.35 per cent, respectively. The three-year returns are 40 basis points ahead of the category returns and 146 basis points ahead of the benchmark returns.

SBI Short Term Debt Fund  has a very low-risk approach to portfolio construction. Over the past one year, the fund has relied almost entirely on AAA rated corporate bonds and sovereign debt for its returns. The fund, however, actively juggles between AAA rated bonds and gilt exposures to take advantage of narrowing or widening credit spreads.

While very conservative on credit, it does stretch the duration to three plus years based on rate expectations. In the last one year, the average maturity has swung between two and 3.1 years. 

SBI Short Term Debt Fund expense ratio for the regular plan is somewhat high within this selection, at 0.91 per cent. But the direct plan is considerably cheaper, at 0.31 per cent.

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

People are generally under the impression that the due date of July 31 is now or never for filing of the ITR and therefore if one fails to file the ITR by the due date, he cannot file it later. It is not so exactly. However if you fail to file your ITR by the due date some consequences follow. Let us discuss the consequences.

What is the due date for filing of my income tax return?

For salaried persons and small businessmen the due date for filing income tax return is July 31, 2018 for the year ended March 31, 2018. For people in business or engaged in profession and whose accounts are required to be audited due to turnover exceeding a threshold limit the due date is September 30, 2018.

What happens if you miss the deadline?

In case you fail to file your ITR by July 31, you can still file it latest by March 31, 2019 with some mandatory fee. So if you file your ITR after July 31 but by December 31 you have to pay a late fee of Rs. 5,000. The fee goes up to Rs 10,000 if you file your ITR after December 31 but by March 31, 2019 . Beyond this, you can not file it. In case of small taxpayers the late fee shall not exceed Rs 1,000 in case the net taxable income does not exceed Rs 5 lakhs for the year.

If you fail to file the ITR by July 31, you cannot carry forward losses of current year to set off against incomes of later years. Earlier, there was restriction on revision of your ITR if you failed to file it by the due date but now that restriction has been lifted.

What happens if I fail to file my ITR by March 31, 2019?

In case you fail to file your ITR even by March 31, 2019 the income tax department can levy a penalty of 50 per cent or 250 per cent of the tax sought to be evaded depending on the circumstances. In addition to the penalty, the income tax department can also launch prosecution for not filing of the ITR in case the amount of income tax liability for the year exceeds Rs 3,000 and you can be punished with imprisonment for a minimum term of three months and which can go upto seven years.

So what are you waiting for? File your ITR by July 31 to avoid the late fee, interest, penalty and prosecution.

SIPs are Best Investments as Stock Market s are move up and down. Volatile is your best friend in making Money and creating enormous Wealth, If you have patience and long term Investing orientation. Invest in Best SIP Mutual Funds and get good returns over a period of time. Know which are the Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds

For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com