22 October 2009
Sirs, My client filed the return for Assessment year 2009-10 on 30th Sept,2009 which was a tax audit but he fails to give tax auditor details What are the consequences he faced?(Is there impose any penalty on that if yes in which section it was said)? If failed Revised return now then will he liable to pay any penalty? plz tell me?
22 October 2009
Your client is in problem. He should have revised immediately. Now he can revise but he should have proper proof with him that tax audit has been conducted well before 30-9-2009 and you have to produce the details to the assessing officer. Kindly file revised return and have proper details in hand.
22 October 2009
The only proof required is the tax audit report, which should have been signed on or before 30/09/09, which is at the disposal of your client. Not an issue at all.
CAclubindia
