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Tax audit report after due date

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AM
22 Points Posted on 13 April 2021
Can tax audit report be filed after due date. If so when the and how penalty can be paid?
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On 13 April 2021 at 08:13 Report
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309 Points Posted on 13 April 2021
If audit report is not filed within due date, penalty will be 0.5% of the turnover during the previous year. However, the maximum penalty cannot exceed 1,50,000/-
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On 13 April 2021 at 08:23
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Chartered Accountant
24588 Points Posted on 13 April 2021
The penalty that is levied on him or her is the least of the following: The tax auditor shall furnish the report in a proper manner either in Form 3CA or Form 3CB in following cases: 0.5% of the total sales or gross receipts or turnover. Rs 1,50,000
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On 13 April 2021 at 10:03
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5 Points Posted on 13 April 2021
Yes you can, remember the penalty, but in most of the cases, practicly, penalty also not imposed
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On 13 April 2021 at 15:27
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2742 Points Posted on 13 April 2021

.5% or 150000, whichever is lower, but practically penalty is not levied for genuine cause of delay

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On 13 April 2021 at 18:04


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