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...

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.