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Tax audit report after due date

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Rashmi (AM) 13 April 2021

Can tax audit report be filed after due date. If so when the and how penalty can be paid?

Mujeeb Doi 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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