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Penalties for Not Filing Tax Audit Report

  Startup Solicitors LLP    30 September 2023 at 14:27

In India, the Income Tax Act mandates that certain individuals and entities must undergo a tax audit and file a Tax Audit Report (TAR) by a specified due date. Failing to comply with this requirement can lead to various penalties and consequences. Let's explore the penalties for not filing a Tax Audit Report in India: