TAX AUDIT 44AB

This query is : Resolved 

28 November 2010 what will be the consequences if i do not get my accounts audited u/s 44AB.


28 November 2010 Assessee has to face penalty proceedings under section 271B of the Income tax Act,1961.

28 November 2010 There may be penalty and other consequnace if the books of accounts are not get audited and audit report has not been furnished


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