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Tax audit after due date completion

JITENDRA SHARMA (accountant)     25 December 2013

 2 likes  48 points

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i have some case of Tax audit now, what can i do, If i file return then U/S271B penlaty is attract.

kindly Suggest me what can i do.



R.Vishnuprakash (chartered accountant)     25 December 2013

chartered accountant 
 2 likes  192 points

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yeah you are liable for penalty but penalty can be prayed and dismissed on VALID GROUNDS such as accountant is ill.

PS.  They may ask for MEDICAL CERIFICATE in such cases.

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