Avoid Rs 1.5 Lakh Loss! Key Tax Audit Report Penalty Rules for FY 2026–27
A strict fee policy for late tax audit report submissions is introduced in the budget for the fiscal year 2026–2027, with a late filing price of Rs 75,000. Budget Announcement on Tax Audit Report Penalties The Budget, which Finance Minister Nirmala Sitharaman delivered to the Lok Sabha on February 1, states that “If an individual … Read more