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non submission of AUDITED ITR

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(Querist)
21 November 2010 MY CLIENT HAS TURNOVER OF RS 1.00 CRORE FOR THE YEAR ENDED 31.3.2010
BUT UNFORTUNATELY FAILED TO GET ACCOUNTS AUDITED WITHIN TIME . NOR THE ITR HAS BEEN SUBMITTED TILL DATE
WHAT IS THE SOLUTION TO AVOID PENALTY UNDER SECTION 271 B

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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
21 November 2010 You cannot avoid the penalty U/s 271B for failure to get books of account audited.
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NITIN SHARMA

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NITIN SHARMA (Expert)
22 November 2010 Mr. madhusudan it is not ethical advice so in my openion you should not give this advice online or in public .This can be used against you.
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