Be a Wise Investor

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...

Sensex bounced 600 pts back; top factors that fuelled buying spree on Dalal Street The domestic equity market made a smart comeback on Monday after a disappointing last week, as BSE Sensex surged over 450 points to 33,759, while Nifty50 rose 142 points to 10369 in late afternoon trade.  So what drove Monday’s bull run? Going by the buzz on Dalal Street here is a list of key factors that lifted the market.

India Prime Minister Narendra Modi during the inauguration of a section of Delhi Metro in Noida, 25 kms east of New Delhi on December 25, 2017. India is set to emerge as the world's fifth largest economy by overtaking Britain and France, a report by a global forecaster showed on Tuesday. And, India will emerge as the world's third largest economy by 2027, the report by the Centre for Economics and Business Research (Cebr) said. "The World Economic League Table shows that despite temporary setbacks from demonetisation and the introduction of the new GST, India's economy has caught up with that of France and the UK and in 2018 will overtake them both to become the world's fifth largest economy in dollar terms," Cebr deputy chairman Douglas McWilliams said. India is projected to surpass Britain to become the world's fifth largest economy in 2018.Source Forbes "On some cost of living adjusted measures India is already the world...

Benefits of investing in this holy season   Good time to start   Ganesh   Chaturthi  is a festival of  Lord  Ganesha  is also called as “ Vighnaharta ” or the remover of all troubles ,  marks the beginning of  festival season, up to  Diwali . This period is considered as an auspicious time  for making right investment.  Thus, you can start thinking about  Financial Planning   with the blessing of Lord  Ganesha .   Take a step towards  Creating  Wealth    You can start Investing with as low as Rs.500 a month  systematically thr ough  SIP  (Systematic Investment Plan) plans.   Regular monthly investments can lead to a huge corpus in long run without being worried about taxes on returns.   Illustration * :   SIP  started in the  Same  month 10 years Ago.     Source:  valueresea...