banner_ad

means of these lines

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
30 October 2010 good morning sir,
plz tell me means of these lines,

1. 271F is the section. Penalty is 5,000/-
2. If the assessee is covered under section 44AB(tax audit), penalty can be levied under section 271B which is 1/2% of total sales or Rs,1,00,000/-(w.e.f 01/4/2011 Rs. 1,50,000/-) which ever is less

regards
raju
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
30 October 2010 271F is failure to furnish return of income.

271B is failure to get the accounts audited or for failure to submit audit report.
Profile Image

Guest

Profile Image

Guest (Querist)
02 November 2010 but sir tell me one thing late deposit return int. will add in my amt. when will panelty add my amount after 30 days
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details