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Audit panalty.

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(Querist)
28 December 2015 Dear sir how much panalty leavy by income tax department may has not audit for ay 14_15 and he wish to audit what process I can do
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Arpit Shah

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Arpit Shah (Expert)
28 December 2015 https://taxguru.in/company-law/penalties-compliance-cost-records-cost-audit-provisions-201415-onwards.html
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alpesh

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alpesh (Querist)
28 December 2015 Dear sir tax audit panalty
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
28 December 2015 Penalty would be levied under section 271B of lower of
Rs. 150000/-
or
0.5% of turnover

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