Panalty u/s 271f
This query is : Resolved
10 February 2014
Sir penalty u/s 271F is leviable only if we required to furnish return of income... My ques is if we file ROI of a person who's amount is less then maximum amount not chargeable to tax after the due date u/s 139(4), whether penalty will levy on the assessee. If no, then plz tell me can i file return of an assessee for A.Y 2011-12, 2012-13...
10 February 2014
No penalty will be leviable on ROI, if your gross total income is less than taxable limit. You can file return upto one year from the end of the assessment year. so, you can file return for A.Y. 2012-13 upto 31.03.2014. You can't file return for A.Y. 2011-12.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank accounts of Non resident
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
