Audit Possible or not

Are you ready to pay penalty for late filing of audit report?

In that case check with updated return u/s. 139(8A) IT act..

Yes, that is why I asked whether ready to pay late filing fees for audit report?

Refer sec. 271B of IT act...

The audit report would be needed to get filed in the stipulated time, if not done, the penalty would be levied via assessing officer under section 271B:

• 0.5 per cent of the turnover, gross receipts, or total sales
• Rs 1,50,000

Whichever would be lower.

Moreover, for the late tax return filing, there shall be no losses permitted to be taken forward as well as the interest u/s 234A will be applied.