45. Could you outline the potential consequences of a delayed filing for the statutory audit pertaining to Automobile Dealers?
Potential Consequences Sure, here are the Potential Consequences of a delayed filing for the statutory audit pertaining to automobile dealers: 1. Penalty: The penalty for delayed filing of the statutory audit report is ₹10,000 to ₹1,00,000 for each defaulting officer. 2. Loss of credibility: A delayed filing of the statutory audit report can damage… Read More »