Are there any penalties for textile traders if they fail to file their ITR on time?
Penalties for Textile There are penalties for textile traders if they fail to file their ITR on time. The penalties are as follows: 1. 5% of the tax due, Or Rs. 2,000, whichever is higher. This is the penalty for late filing of the return. 2. 5% of the tax due, and a late… Read More »
