07 November 2012
What is the amount of penalty & procedure for same in the case of a person who failed to audit his account u/s 44AB in the F.Y.2009-10, & is now auditing his A/c's of that year in Nov 12??
22 November 2012
The assessing officer will issue a notice for levying the penalty. Thereafter penalty proceedings shall commence and on completion of the same, penalty order shall be passed.
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