Tax audit late filing penalty
anu1973b@gmail.com (164 Points)
16 January 2021anu1973b@gmail.com (164 Points)
16 January 2021
Kapadia Pravin
(17249 Points)
Replied 16 January 2021
Atul M
(aaa)
(729 Points)
Replied 16 January 2021
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 16 January 2021
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 18 January 2021
Kapadia Pravin
(17249 Points)
Replied 18 January 2021
Whichever is less that is provided in section. What is at the discretion of AO !! Is the penalty discretionary ?? I don't think so.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 18 January 2021
Kapadia Pravin
(17249 Points)
Replied 18 January 2021
AO has power to waive 44AB penalty. That clause is there. But usually it's full penalty.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 18 January 2021
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