Audit

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alpesh (Querist)
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29 December 2015 Dear sir my client do not audit for ay 14_15 but he wish to audit after due date in this he can audit after due date and what panalty leavy by income tax department.

Ankur Singhal

Ankur Singhal (Expert)
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30 December 2015 Dear penalty of Higher of 150000/- or 0.5% of turnover would be applicable.

alpesh

alpesh (Querist)
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30 December 2015 dear sir may client do not audit in thise case only he is liable to audit panalty.then after he is required to audit for fy 2014-2015 and also what panalty if he do not audit....

Ankur Singhal

Ankur Singhal (Expert)
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30 December 2015 Dear Alpesh pls clearify your query i cann't get you.

alpesh

alpesh (Querist)
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30 December 2015 You understand to me whether he pay penalty in those case also he should be required to get audited.

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