Audit of a public charitable/welfare society & trust

Others 158 views 2 replies

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)
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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