Tax-Saving: How To Avoid Last-Minute Pitfalls

The multiple advantages of planning your investment decisions early in the financial year

- Surya Bhatia

It is that time of the year again. Popularly called JFM (January/ February/March) by companies involved in the selling of financial products, the idea is to aggressively attract investors looking for last-minute tax-saving investments, as they fast approach the closure of the financial year. While many investors realize that it is far more prudent to make the investments much earlier, sadly, for a large investing population, most tax-saving investments are made only in the last quarter. This is either due to the lack of awareness on the benefits of investing early or simply the general tendency to postpone things until the last minute.

So what are the drawbacks of making tax-saving decisions during the last months of a financial year? And how should you approach investments?

Investing Round the Year