Tax audit report late filing

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sagar (Querist)
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15 November 2015 One of My clients has not filed tax audit report till date of which due date was 30th Oct 2015.
Can he filed now without penalty of rs 150000 or 0.5 %
If yes wats the procedure for the same?
any genuine reason from which penalty cannot be lieved

Amol S Joglekar

Amol S Joglekar (Expert)
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15 November 2015 he has to pay the fine. You can up;oad the form and return and then wait for the order by department to pay the fine. Fine?

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sagar

sagar (Querist)
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15 November 2015 Any genuine reason for non levy of penalty for late filing of tax audit report.
otherwise he will not file tax audit report if penalty will be leivable

Amol S Joglekar

Amol S Joglekar (Expert)
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16 November 2015 No. It is leviable.

You can try of dropping the same by the CIT u/s 264

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