While the income tax dept allows ITR late filing until one year from the end of the relevant financial year, you will need to pay a penalty and may lose some benefits
5 min read11 Sep 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared