3 Things To Do Before June 30th, HURRY!! 🏃🏻♀️💨
Hey you!
How’re you doing? If you’re one of those people who saw the subject line thought June was next month and then had a mini heart attack when you realized July is 10 days away, join the club!
What I was up to: As much as I’d love to curl up with a nice book and a hot cup of coffee, watching the rain pour down, life always has other ideas, LOL! Sayali & I were huddling up at the office to shoot our content for the week, a very interesting podcast episode and it was almost as good as the coffee, book, and rain thingy 😜 We also planned and shot content for our Marathi page, Finance Manjhe. If you’re a Marathi speaker, you do not wanna miss this so go check it out ASAP!
Market ka haal: Benchmark equity indices Sensex and Nifty soared to new lifetime highs on Thursday, closing at 77,478.93 and 23,567.00 despite experiencing significant volatility. As the monsoon progresses and with the Union budget due to come out soon, the market might react to these cues but the gradual upward momentum sparks joy, and well, hope too!
On the global front, while European markets have been siding with Bharat on the upward trend, Asian markets have been showing a mixed performance. Major U.S. stock indexes closed mostly lower Thursday, with the technology-heavy Nasdaq Composite posting the biggest losses to snap a seven-day winning streak. 👀
Humara Gyaan: June is almost over, and as the onslaught of time takes over, you need to take care of these things to ensure your finances are in order and your investments are safe. So, here you go:
1. Grab Your Form 16
If you're a salaried employee, get your Form 16 from your employer. Ensure that all details regarding your salary, TDS, insurance payments, investments, rent, and other deductions are accurate. Verifying this information now will allow you to rectify any discrepancies before filing your income tax return.
2. Check Your 26AS
If you’re a freelancer or have taken up side gigs where payments were made after TDS, checking your Form 26AS is crucial. Do this right away to have the time to ensure that the TDS deducted matches the amount reported, and avoid surprises when you're filing your taxes. Ensure you report all taxable income and avoid legal complications, and if you notice any discrepancies or missing entries, contact the deductors to correct them before filing your return.
Nominate a Beneficiary for Your Investments
If you have a Demat account or mutual fund investments, you need to add a nominee by the 30th of June, 2024 to avoid having your account deactivated on July 1st. It's simple to do – you can add a nominee online seamlessly, but if you prefer not to nominate anyone, you must submit a declaration form to opt-out.
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I know many of you hate deadlines and you treat them like they're synonymous with pressure. But you know why I love them? Because mostly, people never get anything done without them. And guess what? We're only 9 days shy of moving half way through 2024 already, so pull your socks up and get everything done!
To being your most productive self🍻
Niyati❤️
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