Tax Audit u/s 44AB

This query is : Resolved 

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)


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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