Read more about Mamata Banerjee s assets worth Rs 16.72 lakh on Business Standard. Trinamool Congress supremoand West Bengal Chief Minister Mamata Banerjee has declared that her net worth is Rs 16.72 lakh
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Updated Feb 20, 2021 | 06:02 IST
You risk paying higher TDS in case documents are not submitted on time but the same can be claimed back from IT department at the time of filing ITR Didn t submit investment proof to HR? This is what is likely to happen | Photo Credit: Thinkstock
Employees are asked to submit their investment-related documents to the human resources department of their employer twice during a financial year the beginning of the FY in the April-May period and the second time in December-January.
The first submission does not require any proofs as this is just a tentative declaration of investments you plan do during the year ahead while you need to submit proof of investments second time.
How to make aam aadmi go on a ‘GILT’ trip
Gilt securities allow investors to lock in to an interest rate for long-term - designer491×
The Centre could consider a scheme on the lines of RGESS to make individual investors put some money directly in G-Secs
The RBI has stood rock-solid behind the Centre through the pandemic supporting all the efforts to rescue the economy, be it in supplying funds to distressed sectors, slashing interest rates or supporting the expanded government borrowing while keeping the 10-year government bond yield below 6 per cent through last year. But the mettle of the central bank will be severely tested in the months ahead with the Centre intending to borrow an additional ₹80,000 crore in FY21 and follow it up with another ₹12.05-lakh crore in FY22.
The finance minister has an unenvious task of balancing government s revenues, which have been hit by the pandemic, and boosting consumption to build on the green shoots of recovery seen in the economy