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Balance sheet not audited yet

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(Querist)
01 October 2012 our company balance sheet is not audited yet
and the last date of filing return of corporate entity has also gone.
please share what are the concequences for that or penalty for that.
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 October 2012 You mean to say only balance sheet is not audited.... profit and loss account got audited? OR books of accounts are not audited? From income tax view point.... tax liability to be worked out with respect to tax, interest and penalty. What else you want?
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Parmod Rawat

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Parmod Rawat (Querist)
01 October 2012 i mean we have not filed the company return yet as the last date was 30.09.12 so whats the penalty
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 October 2012 the same as said in my earlier reply. Tax + interest + penalty. You file the return as per your calculation of tax + interest. The departments, if found suitable will impose the penalty.
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