Dont just pay tax; file return as well

With March 31 approaching, its time to check whether you have fulfilled all the tax-filing commitments. The important deadlines to remember are March 15 (the last date for paying advance tax), March 31 (for investing in tax-saving instruments), and July 31 (for filing tax returns). In case you miss the date, you can file the return before March 31, 2014. But you will be charged a penalty of 1 per cent of the taxable amount, for every month of delay...................

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