Revised due date for Tax Audit Report for FY 2018 -19


1 comment

  • Official comment
    Quicko Support

    Hey Satyawan, 

    The revised due date for tax audit is November 30, 2020. However, please note that a penalty may be levied under section 271B. The minimum penalty that can be charged is 0.5% of the total sales, turnover, or gross receipts. The maximum penalty applicable is INR 1,50,000. A penalty can be avoided if the taxpayer provides a reasonable cause for not having the accounting records audited.

    Comment actions Permalink

Please sign in to leave a comment.

Powered by Zendesk