Are there any penalty ITR late filling for traders and stores?
Penalty ITR Late Filling for Traders Penalty ITR late filling for Traders yes ,Late filing of ITR (income tax returns) by traders and stores does incur penalties as per Section 234F of the Income Tax Act, 1961. For traders and stores, the penalty for late ITR filing is Rs. 5,000. However, there’s a concession… Read More »
