will I get itr refund?
my new company is asking for investment proofs for tax now only, I'm yet to invest in elss. If I don't provide the proofs I'll be paying more tax but I invest in elss in between Jan to Mar, I can show this while filing and claim a refund right? please help here.
Indusplateau
Stealth
8 months ago
Yeah, but I will say if your are thinking of ELSS do a SIP.
Makes you disciplined and consistent investor, will help in long term and you don't have to worry of these things too.
Agree, don’t do ELSS only for tax saving purposes, it is a good investment avenue to do an SIP
mangoshowers
Student
8 months ago
Agree
If it is a scheduled investment, then some HR teams will allow if you show them last year investment and prove that same amount will be invested this year also. If this is not possible then you can claim refund at the time of filing returns
Or else what you can do is change your regime to new regime during ITR filing.
It will give you refund of the excess TDS collected by your company
mangoshowers
Student
8 months ago
Not an option since I already have enough investment proofs to reduce tax considerably using the old regime
FancyChino64
Stealth
8 months ago
why don't you start investing from April? Any reason to invest only in jan to march ?
mangoshowers
Student
8 months ago
Cuz financial year ends in March? Shouldn't all investments for that year be made till March?
FancyChino64
Stealth
8 months ago
you can. Any specific reason to do in jan-March?
Any benefits doing in such way ? Just to learn about that
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