Audit of a public charitable/welfare society & trust

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proprietor
82 Points Posted on 27 September 2022

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?

 

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On 27 September 2022 at 20:03 Report
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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.

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Profession
28269 Points Posted on 27 September 2022
Pls send details to admin @ easyaccountingaudittax.co.in
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On 27 September 2022 at 22:36
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40 Points Posted on 27 September 2022
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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On 27 September 2022 at 22:52

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