Society audit

others 211 views 2 replies
what is the penalty for not conducting Society audit as per society act within the due date.
Replies (2)

The penalty for not conducting the audit is Rs.5000/-

@ pranjali Hi, is it compulsary for societies to get audited? correct me if i am wrong; societies are only required to get audited under income tax (Tax Audit) only when they cross the turnover criteria 


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