Income tax audit u/s 44ab
This query is : Resolved
11 December 2018
When can the penalty u/s 271B for late filing of Audit report is to be paid (i.e before filing of audit report or after filing of audit report but before filing of ITR )and whether the details of the same are required to be furnished in the ITR as well as in Audit report ?????
11 December 2018
Upon demand by IT department and not before.
KAVIRAJA ADDANGADI
(Expert)
13 December 2018
Only on demand made by the Income Tax Department.
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