As the due date for filing Income Tax Return (ITR) approaches, one could end up making numerous tax filing mistakes. One must be careful while filing returns as any oversight can lead to a penalty or tax notice from the Income Tax Department. Here are some common mistakes to avoid while filing income tax returns by July 31, 2022
At present, the Employees' Provident Fund Organisation (EPFO) invests up to 15 per cent of its investible deposits into the exchange traded funds (ETFs) and so far such investments total about Rs 55,000 crore.
Fixed Maturity Plan (FMPs) are essentially debt Mutual Fund schemes with a tenure, which invest in a basket of securities like Certificate of Deposit (CD), Commercial Paper (CP), Structured Obligation, Bonds etc. There is no equity exposure in these.