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