Tuesday, August 29, 2023

What is the penalty for not getting income tax audit done when mandatory?

An income tax audit report has to be mandatorily uploaded on the income tax return (ITR) portal by September 30 for those who are required to conduct an income tax audit. However even if the deadline is missed, one still has to upload the audit report by paying a penalty.

from Tax-Wealth-Economic Times https://ift.tt/ZRKrhId

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