Important Deadline end in July 2023: In the month of July, the deadline of many works is going to end, which you should complete in time. If you do transactions related to money, then you should know about these things. In this, the last date for filing income tax return is 31 July 2023. Let us know which works need to be completed in July 2023.
Last date to file income tax return
The last date for filing income tax return for the financial year 2023 has been fixed as 31 July 2023. After this you will not be able to file ITR, even if you do, you will have to file ITR with penalty. The last deadline for late filing of income tax return is 31 December 2023. Before this, if you do not file ITR, then you will not be able to file the return.
If you file ITR after 31st July and before 31st December then it is called belated ITR. Penalty has to be paid for delayed ITR filing. You need to verify the ITR as per the current tax rules. ITR verification has to be done within 30 days.
HDFC Bank Fixed Deposit
The country’s largest private bank has introduced a fixed deposit scheme for senior citizens, in which the last date for investment has been extended till July 7, 2023. The highest interest rate offered under the scheme is 7.75 per cent for 5 years 1 day to 10 years. This interest rate will be given on FDs of less than Rs 5 crore. At the same time, interest ranging from 0.25 percent to 0.50 percent will be given to senior citizens.
Higher pension will expire
Under the Employees Provident Fund Scheme, eligible persons will have to apply by July 11 to take advantage of the higher pension scheme. Earlier this date was given on June 20, which has been extended to July 11. The last date to apply under the High Pension Scheme has been extended thrice.
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