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Income tax non filling Return penlty un Sec. 139

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Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 i want to know how much I.T.O. can charge penalty for non filling of return under section 139

my email id - parmarnj@yahoo.co.in

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 September 2010 Pl see section 271F of the Income tax Act,1961.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 September 2010 Penalty for failure to furnish return of income.

271F. If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.

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