Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012 i have missed to do tax audit of my partnership firm.
Do i can do in this month or not ?
what kind of consequences will happens for that ?

please kindly guide me in this crucial situation

thanks

22 November 2012 Penalty u/s 271B will be levied. Penalty is 0.5% of turnover or Rs. 1,50,000, whichever is less.


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