Penalties for Grocery & Merchandise Stores Yes, there are penalties for Grocery & Merchandise Stores if they fail to file their ITR on time. The penalties are as follows: 1. Late filing penalty: A penalty of Rs. 500 per day for every day of delay, up to a maximum of Rs. 5,000. 3. Prosecution:… Read More »
ITR Due date for sales ITR Due date for sales: The ITR due date for Sales & Services in India is July 31 of the assessment year. For example, the ITR due date for the financial year 2022-23 (assessment year 2023-24) is July 31, 2023. However, there are some exceptions to this rule. For… Read More »
ITR for Sales&Services Yes, there are Penalty ITR for Sales&Services. The penalty depends on the date of filing the ITR. If you file your ITR on or before the due date, i.e., July 31, 2023, no penalty will be levied. If you file your ITR after July 31, 2023, but before December 31, 2023, you… Read More »