Tax audit FY 18-19

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SELF EMPLYOED
211 Points Posted on 28 September 2020
can we file tax audit report of 18-19 now..?
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On 28 September 2020 at 14:48 Report
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It is possible to file a tax audit report for FY 18-19 now, but there will be consequences for late filing. These include penalties under Section 271B. Furthermore, if the tax audit report was not submitted on time, it's likely the Income Tax Return (ITR) was also not filed, leading to further repercussions for belated or non-filing of the ITR.

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Student as well as Self-employed
3710 Points Posted on 28 September 2020
Yes, but there will be consequences upon late filing of tax audit report
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On 28 September 2020 at 18:11
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SELF EMPLYOED
211 Points Posted on 28 September 2020
What consequences likely to be faced apart from late fees..?
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On 28 September 2020 at 18:30
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Student as well as Self-employed
3710 Points Posted on 28 September 2020
Penalty u/s 271B, which u already know. and i guess since tax audit report is not furnished, itr would also not have been submitted... so other consequences would relate to belated/non filing of itr
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On 28 September 2020 at 18:54

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