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Tax Audit u/s 44AB

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(Querist)
27 August 2008 Auditor signed the tax audit report before sep30 2008 but they will file incometax return only after sep 30 2008 will they liable for penalty(i.e 100000 or 0.5% on turnover whichever is higher)
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
27 August 2008 Yes
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CHEZHIYAN

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CHEZHIYAN (Expert)
27 August 2008 Penality is for late filing of returns...
Date of Audit report ll not have any effect on it
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