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Q. > Please Help: tax audit late filing penality provision applicable f.y.23-24
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4622 views • Question added Oct 07, 2024 • Income Tax • By Kollipara sundaraiah


A taxpayer tax audit itr filed every year f.y. 23-24 business sale turnover rs:3 crores above account records maintained computer system tally software used and some tally data corrupted account records rewritten delay of tax audit 31 st ocotber ,24
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Assesee tax audit delayed filed penality provision applicable in it act.

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Arpit Kesarwani

26-Oct-2024 , 09:06:03 pm

As per the provision assessee is liable to pay penalty 0.5% of their gross receipt or 1.5lac whichever is lower.

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