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.