Can a chartered accountant file a delayed tax audit report?
a) AY 13-14 audit report, can it be efiled after 30-sep-2013?
b) AY 13-14 audit report, can it be efiled after 31-Mar-2015 which is the after the last date for filing the return of income?
Delayed tax audit report
Replies (2)
Yes you can file Tax Audit report after due date.
According to section 271B, if any person who is required to comply with section 44AB fails to get his accounts audited in respect of any year or years as required under section 44AB, the Assessing Officer may impose a penalty. The penalty shall be lower of the following amounts:
(a) 0.5% of the total sales, turnover or gross receipts, as the case may be, in business, or of the gross receipts in profession, in such year or years.
(b) Rs. 1,50,000.
Thanks for ur reply. Can the efiling of tax audit report be done after 31-3-15 for ay 13-14 also?
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