Ay 2011-12

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 January 2013 Dear Sir,
In case of one of the assessee, non-agriculture income is Rs. 152000/- in AY 2011-12 and his agriculture income is Rs. 460000/- in the same AY. If he files return of AY 2011-12 now, then penalty u/s 271F will attract or not.
As I think, penalty would not attract, because his non-agriculture income is below the taxable limit.

Please clarify.

10 January 2013 You are right sir.
.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 January 2013 So I can proceed without the fear of Section 271F ?

10 January 2013 (Humour)
.
Proceeding starts with filing of return.
.
We may say, you can just relax even if you do not like to proceed.
.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query