Statuatory audit and company audit
This query is : Resolved
Hukam Chand
(Querist)
17 January 2026
My company name is Aniket India Private Limited and the annual turnover is approximately ₹3 crore.
Due to certain financial constraints, the statutory audit and tax audit for Financial Year 2024–25 could not be conducted within the due time. Additionally, the TDS returns for FY 2024–25 have not been filed for any quarter.
I would like to seek guidance on the following points:
1.Is it still possible to complete the statutory audit, tax audit, and all pending ROC compliances for FY 2024–25 at this stage?
2. If yes, what would be the approximate penalties, late fees, or additional charges applicable under the Income Tax Act and Companies Act?
3. Should I file the pending TDS returns for FY 2024–25 now, even though they were not filed earlier, and will this be mandatory or advisable for completing the statutory audit and tax audit?
Kindly suggest the best practical and legally compliant course of action to regularize all defaults with minimum risk and penalties.
Due to certain financial constraints, the statutory audit and tax audit for Financial Year 2024–25 could not be conducted within the due time. Additionally, the TDS returns for FY 2024–25 have not been filed for any quarter.
I would like to seek guidance on the following points:
1.Is it still possible to complete the statutory audit, tax audit, and all pending ROC compliances for FY 2024–25 at this stage?
2. If yes, what would be the approximate penalties, late fees, or additional charges applicable under the Income Tax Act and Companies Act?
3. Should I file the pending TDS returns for FY 2024–25 now, even though they were not filed earlier, and will this be mandatory or advisable for completing the statutory audit and tax audit?
Kindly suggest the best practical and legally compliant course of action to regularize all defaults with minimum risk and penalties.
18 January 2026
✔ Yes you can complete statutory + tax audit and ROC filings even now.
✔ ROC forms will attract late fees; condonation may reduce consequences.
✔ Tax audit late filing penalty capped at ₹1.5 L (for ₹3 Cr turnover).
✔ File all pending TDS returns now — mandatory for audit + reduces penalties.
✔ Proactive compliance reduces risk, interest, and legal escalation.
✔ ROC forms will attract late fees; condonation may reduce consequences.
✔ Tax audit late filing penalty capped at ₹1.5 L (for ₹3 Cr turnover).
✔ File all pending TDS returns now — mandatory for audit + reduces penalties.
✔ Proactive compliance reduces risk, interest, and legal escalation.
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