Non filing of tax audit report and no itr filed for ay 2017-18, turnover rs.2.25 crores

Client has Turnover of Rs.2.25 crores for AY 2017-18 and no TAX Audit is done and no ITR is filed. What is the remedy available in this situation.

-> can we file Tax audit report now for AY 2017-18 with ITR??

or wait for the Income tax to issue notice for non filing?

 

Replies (2)
You can wait for notice from ITD...


Also.,
You can try to file Condonation delay request to CIT. In case Your request ll accept then You can move further steps...

you dont have to wait for the audit part.  prepare the audit report asap and file it online. Waiting for the notice only increases the chances of penalty for non-compliance of audit provisions.

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