08 September 2014
is it true that we are not liable to pay penalty u/s 271b in audit under 44ab if we file 3cd and 3cb report in time and file income tax return after due date?
08 September 2014
Dear, If You file tax audit report in time, there is no violation of section 271B and there is no penalty. You can file income tax return after due date.
CAclubindia
