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Taxpayers must keep all the required details like PAN, Form 16 and other important documents in hand while filing the returns Until the last assessment year, i.e., AY 2017-18 there was no penalty for filing belated income tax returns.  Now, as per section 234F, an individual would have to pay a fee of up to Rs 10,000 for filing ITR after the due date. India: Friday is the last date to file  Income Tax return  or ITR . This year, tax filers are required to submit the returns for 2017-18 financial year and the assessment year would be 2018-19. The deadline to file income tax return (ITR) which was extended by a month to August 31, 2018 is expiring today. If you still have not filed your tax return, it is important that you do it on time due to the changes introduced in last year's Budget.  However if you still delay in filing yout ITR then you might face: The Penalty Last finacial there there was no penalty for late filing of ITR b...

Atal bihari Vajpayee may have passed away but not his achievements and lessons.  Long live and prosper, Atal Bharat Key takeaways and achievements by Shri Atal Bihari Vajpayee, that sprung up major political, financial, development, and social reforms in Indian history. Atal ji in Numbers: Lived 93 years ( 25 Dec 1924 - 16 Aug 2018 ) 10th Prime Minister of India Prime Minister for 3 times ( 13 days in 1996, for a period of eleven months from 1998 to 1999, and then for a full term from 1999 to 2004) In his 3rd term as PM, the GDP rate was above 8%, inflation was below 4% and foreign exchange reserves were overflowing. Look East policy:  "Look East" policy was developed and enacted during the governments of prime ministers P.V. Narasimha Rao (1991–1996) and further developed by Atal Bihari Vajpayee (1998–2004). The Look East policy back then emerged as an important foreign policy initiative of India in the post-Cold War period, following the colla...