IT returns: Goodnews for all taxpayers !

During budget announcement in February, Finance Minister Arun Jaitley had said that delay in efiling income tax return will attract a maximum find of Rs 10,000 many taxpayers are in a hurry to file their ITR before due date.

 However, you need not worry as this fine is not applicable for ITR filed for FY 2016 to 17 AY 2017-18.The late fee will be applicable from 1st April 2018 and considered for assessment year mm 2018-19