31 December 2014
Yes,Audit Report for the A.Y.13-14 can be filed by the Chartered Accountant of an Assessee.(But only after receiving approval from an Assessee)
Furnishing of Tax Audit Report (TAR) electronically and failure to do so by due date prescribed under section 139(1) of the Act will attract penalty under section 271B. As per Section 271B, the Assessing Officer may direct that such person shall pay, by way of penalty, 1)a sum equal to one-half per cent of the total sales, turnover or gross receipts, as the case may be, in business, or of the gross receipts in profession, in such previous year or years . OR 2)a sum of one hundred fifty thousand rupees, whichever is less.