26 November 2009
Respected Sirs, I have a query regarding Tax audit:
"A client whose total turnover is Rs.89 lacs in PY and get his account audited with a Chartered Account, but he not file the return/report till now. Is he liable to paid penalty u/s 271B?"
26 November 2009
Thanks a lot, But one more thing that "he audited the account on 23rd September 2009,and maintained proper books of account, the only thing is that he nor furnished the return timely"
CAclubindia
