Dear Professionals
One of my client - Private Ltd company received a notice u/s 271F for filure to file the return u/s 139 within the due date.
The Turnover of the company for the AY 2012-13 was 40 lacs.
For the AY 2012-13, return was filed belately on 23.02.2013 (before the end of the AY ie 31.03.2013)
My doubt is whether a penalty u/s 271F can be imposed if the return was filed before the end of relavent assessment year.
Advise me.
Thanks in advance
Regards
Santhos Kumar S