Ay 2011-12
Querist : Anonymous
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.
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Querist : Anonymous
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Proceeding starts with filing of return.
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We may say, you can just relax even if you do not like to proceed.
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