Tax audit report
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2011
PLEASE TELL ME THE PENALTY FOR LATE FILING OF TAX AUDIT REPORT FOR A.Y. 2011-2012. TILL DATE IT IS NOT FINALISED.
27 December 2011
Penalty for tax audit is 1% of turnover or Rs.100000/- whichever is higher.
However if the auditor report on tax audit dated the below the due date of filing the tax audit report then this penalty will not be applicable.
Please let me know if u do have any doubts
Thanks,
CA M Sreenivasa Rao.
However if the auditor report on tax audit dated the below the due date of filing the tax audit report then this penalty will not be applicable.
Please let me know if u do have any doubts
Thanks,
CA M Sreenivasa Rao.
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