Sec.44ab (tax audit)
This query is : Resolved
27 December 2016
HELLO,
Whether an assesse who does not fall in Sec44AB limit for tax audit,still if he wants to get tax audit today after tax audit due date so whether penalty under sec 271B will be imposed or not as this penalty for those mandaory assesssee who come under purview ?
Whether an assesse who does not fall in Sec44AB limit for tax audit,still if he wants to get tax audit today after tax audit due date so whether penalty under sec 271B will be imposed or not as this penalty for those mandaory assesssee who come under purview ?
27 December 2016
for mandatory audits only.... (Please check the cases where eligible business has shown a profit less than 8% and hence the tax audit is required to be conducted....in that case penalty can be levied for delay in tax audit.)
27 December 2016
as an auditor, you need to sign an audit report stating the clause under which the audit has been performed. So forger the penalty, the main point is, under what clause will you sign off the audit if it is not applicable in the first place..
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