In case a person files return within fifteen days of the due date. He shall pay a penalty of ___ Rupees for each day of default?

A. One Hundred

B. Five Hundred

C. Five Thousand

D. Three Hundred

Detail: 

Where any person fails to furnish a return within the due date. Such person shall pay a penalty of five thousand rupees:

Provided that in case a person files a return within fifteen days of the due date, he shall pay a penalty of one hundred rupees for each day of default. 


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