https://www.taxtmi.com/acts?id=46891 Failure to get accounts audited without reasonable cause triggers a penalty where the taxpayer required to obtain an audit report is non-compliant for previous year(s) relevant to an assessment year; the tax officer may impose a penalty calculated by reference to total sales, turnover or gross receipts in business, or gross receipts in profession for such year(s), subject to a statutory maximum cap, with a reasonable-cause exception. en-us Thu, 02 Jan 2025 11:56:32 +0530 Thu, 02 Jan 2025 11:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46891 Failure to get accounts audited without reasonable cause triggers a penalty where the taxpayer required to obtain an audit report is non-compliant for previous year(s) relevant to an assessment year; the tax officer may impose a penalty calculated by reference to total sales, turnover or gross receipts in business, or gross receipts in profession for such year(s), subject to a statutory maximum cap, with a reasonable-cause exception. Act-Rules F. Acts / Amendment Acts Thu, 02 Jan 2025 11:56:32 +0530 https://www.taxtmi.com/acts?id=46891