Audit of a public charitable/welfare society & trust

Dear Sir/Madam,

Can you please give me a sense, is there any penalty if I miss the deadline of 30th September 2022 for my society Audit?

If Yes, how much will be the penalty?

 

Replies (2)
Quick Summary
This discussion addresses the penalties for missing the 30th September audit deadline for public charitable societies and trusts. A penalty of 0.5% of turnover, capped at Rs. 1.5 lakh, may apply. However, if there's a genuine reason for the delay, Section 273B of the relevant act may exempt the society or trust from this penalty.

Pls send details to admin @ easyaccountingaudittax.co.in
In case of a delay in completing audit and submitting the report on time (before or on September 30), then 0.5% of the turnover, a maximum of Rs. 1.5 lakh, has to be paid as penalty. If there is a genuine reason for delay or non-filing of audit report, then as per Section 273B, no penalty will be applicable

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