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Abhishek (Student CA Final )     12 February 2017

Return filling tax audit

One of my friend having major Income from professional consultancy on which TDS deducted is Rs. 2.91 lakh on an income of Rs 28,20,000 in the financial year 2015-16 as per provision of Income tax, tax audit should be done but it's too late for that particular year, what are alternative to avoid this?



 3 Replies


(Guest)

u cant avoid tax audit since it is on paper better do audit and pay penality tax as per applicable and fill return 

DAXESH A. DALWADI

DAXESH A. DALWADI (PROPRIETOR)     13 February 2017

Pay peanlty of late late audit report 

pay peanelty for late return filed

avoid audit 

i.k.patel

i.k.patel (tax consultant)     14 February 2017

you can file audit report now and penalty for late filing is only 0.5 % of gross receipts, in your case it is only 14,100/-.


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