Budget Imposes Rs 75,000 Penalty For Missing Tax Audit Deadline Even By A Day
If a taxpayer fails to get accounts audited or furnish the report, a fee of Rs 75,000 applies for delay of even a day. This doubles to Rs 1,50,000 if the failure continues beyond 30 days.
If a taxpayer fails to get accounts audited or furnish the report, a fee of Rs 75,000 applies for delay of even a day. This doubles to Rs 1,50,000 if the failure continues beyond 30 days.
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