30 July 2016
Sir I have filled ay.2016-17 itr where I fill the details from form 16 and income from hose property and claim 11000 refund this is the first tym where I file my itr should i also file itr of previous year also from the details given but if I do that there will be penalty as per section 271f should I file or not???
30 July 2016
Yes.The concern officer may levy penalty u/s 271F. It is at the discretion of the concern officer But generally they doesn't levy penalty u/s 271F.
30 July 2016
Yes if you have to file the return and it is well within time, then go ahead and file it. Again the fear of Penalty could not be a valid reason. Better to comply with filing and feel relaxed rather than waiting for the department to issue notice.
CAclubindia
