Last-minute tax-saving investment: Will investing in PPF and SSY on March 30 and March 31 qualify for tax

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Tax savings options available on March 30 and 31st: Individuals who want to make any tax savings investments in various government schemes like public provident fund (PPF), Sukanya Samriddhi Yojana (SSY) and others can do so online and offline as banks are open on March 30 and 31st..

Individuals who need to make any tax-savings investments for FY 2023-24 may be looking forward to making use of March 30 and March 31, as these are the last two dates of the financial year..

According to Ankit Jain, partner, Ved Jain & Associates, a CA firm, "Individuals can invest in various government schemes like PPF, SSY, and others on March 30 and March 31, 2024, and claim tax benefits for FY 2023-24..

"The Government of India has requested to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself..

Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday)," said the Reserve Bank of India in a notification dated March 20, 2024...

Full story at Economic Times | 

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