Are there any penalties for Grocery & Merchandise Stores if they fail to file their ITR on time?
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 »
