For audit


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2015 sir,
a Private Ltd company which 5 year audit is due, so now he want update books and done the audit is that possible or not , and what is the approx amount of penalty & late fine
please help

CA Rinkal (Expert)
24 December 2015 yes it is possible..


the notice for penalty will be issue by the department... subject to limit..... 1.5 lk per year and 0.5% of t.o. whichever is lower.


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