Important things to be completed before financial year-endingThe financial year is going to end on 31st March. Before the financial year ending, following essential things must be completed:-
(a) 31st March,2017 is the last date of filing or return in respect of Assessment Year 2015-16 (i.e., Accounting year 2014-15). So, if you have not filed the return for Assessment Year 2015-16 so far, do it now.
(b) Before 31st March, 2017, complete the maximum deduction under Section 80C (i.e., Rs. 1,50,000/-). Take note of Section 80D and other tax-saving Sectons also.
(c) The minimum contribution in PPF Rs. 500/- in a financial year. If you have not contributed anything in PPF so far, do it now to avoid a penalty of Rs.50/-.
(d) To keep NPS Tier I active, you have to pay a minimum of Rs. 1000/-. If you have not done it so far, do it immediately. Otherwise, your NPS Account will be frozen.
You may also like to know more about tax planning as we are coming to the end of another financial year.
Details are available in this thread .