my sir had filed audit that had turnover below 10000000 for finacial year 2011-12 in jan 2013, and also filed return
he had paid no penalty....
how can this be possible
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Tax audit late filing
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he may be lying because it is agains the laws and rules although ask your teacher he can tell better
Leving Penalty is in the hands of Assessing Officer. So your sir must have filed belated return without paying any penalty.
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