Are there any Penalties for Late Filing of Statutory Audit?
Penalties for Late Filing of Statutory Audit Yes, there are penalties for late filing of statutory audit. The penalty depends on the amount of turnover of the entity. If the turnover is less than Rs. 50 crores, the penalty is 0.5% of the turnover, up to a maximum of Rs. 1,50,000. If the turnover… Read More »