Penalty under section 271f of the income tax act, 1961

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Querist : Anonymous (Querist)


05 February 2014

There is one client who has received a show cause notice of not filing return of Income within due time, under which the said client is required to pay the penalty amount of Rs. 5000/-. Can anyone tell me how to avoid this penalty i.e., what should be the reasonable cause to avoid the penalty.



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