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TAX AUDIT 44AB

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(Querist)
28 November 2010 what will be the consequences if i do not get my accounts audited u/s 44AB.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 November 2010 Assessee has to face penalty proceedings under section 271B of the Income tax Act,1961.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
28 November 2010 There may be penalty and other consequnace if the books of accounts are not get audited and audit report has not been furnished
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