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Income tax audit accepted after due date

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1 Points Posted on 30 September 2023
If the income tax audit is accepted after the due date or is rejected by mistake, is there any way to avoid any penalty?
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On 30 September 2023 at 23:23 Report
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GST Consultant
15986 Points Posted on 01 October 2023
The penalty for tax audit is discretionary and not compulsory..so in all probability penalty will not be levied on you on the basis of practice prevalent in industry
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On 01 October 2023 at 16:18


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