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is penalty leviable if books not audited?

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(Querist)
09 June 2011 if the books of accounts are not audited u/s 44AB , will he be liable for penalty if he is covered u/s 44AD and not showing income of 8%?
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Ravikant

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Ravikant (Expert)
09 June 2011 yes penalty will be levied
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NIRAV SAVLA

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NIRAV SAVLA (Querist)
10 June 2011 what are penalty crieteria



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 July 2023 "Sorry, I am not a featured member."

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