Tar not filed
This query is : Resolved
03 October 2013
If an audit report is not filed, then sec 271b can be leived. I want to know if the penalty is to be paid by the assessee or the CA or both if leived.
futher, if an assessee doesnot add the name of CA, then can CA be held responsible for that.
plz reply
futher, if an assessee doesnot add the name of CA, then can CA be held responsible for that.
plz reply
03 October 2013
In my opinion No penalty will be levied on delayed filing of tax audit report
03 October 2013
Imposing of penalty will depend on how much time it was taken to delay the TAR, if it is more then say 3 months or 6 months then AO may impose.
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