When penalty under Section 271B may be imposed?

When penalty under Section 271B may be imposed? https://www.taxtmi.com/manuals?id=3611 Penalty under Section 271B is attracted when a person fails to obtain an audit of accounts or fails to furnish the audit report required by Section 44AB in the prescribed forms (Form 3CA, Form 3CB or Form 3CD) by the due date, making timely submission of the specified audit reports the operative condition for penalty. en-us Thu, 14 Dec 2023 14:30:00 +0530 Thu, 14 Dec 2023 15:37:00 +0530 TaxTMI RSS Generator When penalty under Section 271B may be imposed? https://www.taxtmi.com/manuals?id=3611 Penalty under Section 271B is attracted when a person fails to obtain an audit of accounts or fails to furnish the audit report required by Section 44AB in the prescribed forms (Form 3CA, Form 3CB or Form 3CD) by the due date, making timely submission of the specified audit reports the operative condition for penalty. Manuals Income Tax Thu, 14 Dec 2023 14:30:00 +0530 https://www.taxtmi.com/manuals?id=3611