E-filling of income tax return

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This query is : Resolved

Sandeep Sharma (Querist)

27 January 2014 IF ASSESSEE WANTS TO E-FILE I- TAX RETURN OF F.YRS 2011-12. HIS INCOME IS BELOW RS 2.00 LACS, WHILE TDS OF RS 5000/- DEDUCTED BY EMPLOYER.
QUERY- IF HE FILES RETURN, WHETHER HE HAS TO PAY PENALTY U/s 271F, WHILE HIS INCOME BELOW TAXABLE INCOME, SECONDLY TDS IS ALREADY DEDUCTED AND REFUNDABLE.

SO SEC 271F IS APPLICABLE OR NOT..IN THIS CASE.

SAME QUERY I HAVE FOR F.YRS 2010-2011.

KINDLY REPLY ASAP.

@VaibhavJ

@VaibhavJ (Expert)

27 January 2014 Hi

If his income before giving any exemption under ch VI A is less than 2 lacs then he is not required to file ITR.

Thx

Sandeep Sharma

Sandeep Sharma (Querist)

29 January 2014 BUT WE WANT TO FILE RETURN FOR GETTING REFUND OF TDS DEDUCTED SO KINDLY TELL ME WETHER SECTION 271F SHALL BE IMPLICANT OR NOT.

@VaibhavJ

@VaibhavJ (Expert)

29 January 2014 Generally penalty under s/271F is not levied, however if your gross taxable income was in excess of Rs 2 lac ITR was required to file

Thx

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