Question ID :
Non-filing of ITRs and Tax Audit Reports
One of our clients filed the ITRs and Tax Audit Report till the AY 2017-18, afterwards, there has been long gap since then as they have not conducted the audit as well as non-filing of Tax Audit and ITRs although, there were transactions during the FYs, 2017-18 to FY 2020-21. Average yearly turnover till FY 2016-17 was around Rs 2.10 crores. Under these circumstances, what will be the remedies available to get back his past accounts and compliances on the track? Kindly advise
Answer ID :
Mar 24, 2022
Please mention the status of the entity which is your client then the appropriate answer can be given to you. Thanks.
CA. JHA SHANKAR KUMAR on
Mar 31, 2022