Signalling a tougher stance on tax compliance, the Centre has proposed stringent penalties for audit-related delays under the ...

The Boca Raton House of Representatives passed a bill earlier this month, Jan. 16, that created the Boca Raton Auditing Committee (BRAC). Representatives passed the bill, BRHB 2026-14, in a 21-4 vote ...

The Finance Bill, 2026 converts key penalties for audit and reporting delays into mandatory fees. The shift aims to reduce disputes by replacing discretionary penalties with predictable, capped ...

If a taxpayer fails to get accounts audited or furnish the report, a fee of Rs 75,000 applies for delay of even a day. This ...

The proposals extend due dates for non-audit taxpayers and allow revised returns up to 12 months with late fees. The takeaway is more time to comply without forfeiting correction ...

If taxpayers fail to get their accounts audited and do not furnish the audited report, they will have to pay Rs 75,000 for a ...