watch_later 05/10/18

I have filed Tax Audit Report for AY 2013-14 on 30.11.2013. My turnover is more than 10 crs. Can AO initiate the penalty for late filing of Tax Audit Report. Kindly help.

1 Response | Latest response: 08/10/18 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 08/10/18

Yes proceedings can be initiated for recovery of late filing fee.

But it is a fee so it depends on AO to consider levy.

I have not seen anytime, penalty/fee levied by AO unless it is a scrutiny case.


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