Tax Audit की Due Date & Penalty | due date of tax audit | penalty of Tax Audit

Описание: Tax Audit की Due Date & Penalty | due date of tax audit | penalty of Tax Audit #shorts

Penalty of Non-filing or Delay in Filing Tax Audit Report
If any taxpayer is required to get the tax audit done but fails to do so,
the least of the following may be levied as a penalty:
0.5% of the total sales, turnover or gross receipts
Rs 1,50,000
However, if there is a reasonable cause of such failure, no penalty shall be levied under section 271B.

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