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Tax audit report not filed

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(Querist)
16 June 2008 In a compnay /firm there was need to conduct tax audit in A Y 2006-07 , same not filed . now dept. want to impose penalty for the same. Pls. reply if we pay the penalty then if there is need to file Tax audit report or not ?
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guru santhanam

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guru santhanam (Expert)
16 June 2008 Filing is inevitable.

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