Audit

This query is : Resolved

alpesh (Querist)
Follow

29 December 2015 Dear sir my client do not audit for ay 14_15 but he wish to audit after due date in this he can audit after due date and what panalty leavy by income tax department.

Ankur Singhal

Ankur Singhal (Expert)
Follow

30 December 2015 Dear penalty of Higher of 150000/- or 0.5% of turnover would be applicable.

alpesh

alpesh (Querist)
Follow

30 December 2015 dear sir may client do not audit in thise case only he is liable to audit panalty.then after he is required to audit for fy 2014-2015 and also what panalty if he do not audit....

Upgrade to CAclubindia Pro. Subscribe Now!

Ankur Singhal

Ankur Singhal (Expert)
Follow

30 December 2015 Dear Alpesh pls clearify your query i cann't get you.

alpesh

alpesh (Querist)
Follow

30 December 2015 You understand to me whether he pay penalty in those case also he should be required to get audited.