Are there any penalty of late filing for statutory audit?
Audit Filing Penalties Audit Filing Penalties Yes, there is a penalty for late filing of statutory audit. The penalty is 0.5% of the turnover, gross receipts, or total sales, whichever is higher, up to a maximum of Rs. 1,50,000. The due date for filing the statutory audit report is 30th September of the financial year following… Read More »
