Not conducting an income tax audit can lead to penalties of up to ₹1,50,000 along with possible interest and fines.
Failing to conduct a required income tax audit can lead to penalties of up to ₹1,50,000 or more, along with potential delays in tax filings, leading to further fines. To avoid these risks, it’s essential to stay compliant with tax laws. At Praksha & Co., we offer expert income tax audit services, ensuring your business meets all tax requirements on time. Let us help you avoid penalties and keep your business on the right track.