Tax audit

This query is : Resolved 

20 February 2016 What is the fee for late filing of tax audit report?

20 February 2016 1% of the Turnover amount of Rs.100,000/- whichever is lower.

08 March 2016 Dear Sir,Thank you Suresh Sir for your reply.Can you please qoute the relevant section in which the same is mentioned?

12 March 2016 Section 271 B of I.T.Act. Current provisions have raised the limit to Rs.1,50,000/-


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