Tax Audit Late Fee FY 2025-26: ₹75,000 or ₹1,50,000?

Tax Audit Late Fee FY 2025-26: ₹75,000 or ₹1,50,000?

Tax Audit Late Fee: The introduction of the Income-tax Act, 2025 has created considerable confusion about the penalty or fee applicable when a tax audit report is filed late. One major question is whether a taxpayer whose tax audit relates to FY 2025-26 will have to pay ₹75,000 or ₹1,50,000 if the report is filed … Read more