Tax audit


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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2013 we have done the tax audit of the entity having turnover above 60 lacs within prescribed time.but while filling the income tax return of the assesse we selected no to the question that whether u are covered under tax audit.however the audit fees has been shown in the p&l account.

04 July 2013 No issues. You can show that it was an error when any query is raised. You can also revise your return.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2013 WHETHER REVISING THE RETURN WILL BE TREATED AS LATE FILING OF TAX AUDIT REPORT ?? WILL ANY PENALTY IMPOSED??


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