Received letter from department
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2014
one of my client has received a letter from ITD for not filing ITRs.HE has not filed ITR for ay 2010-11.In fy 2009-10 He had earned income from salary and insurance commission. AND the TDS was deducted on salary and commission.
ON scrutiny i noticed that he is falling under bracket 20% but TDS was deducted @ 10%.
therefore there is some amount tax payable related to that year.If I pay it by way of self assessment tax whether penalty will be attracted u/s 271F ???
:(
ON scrutiny i noticed that he is falling under bracket 20% but TDS was deducted @ 10%.
therefore there is some amount tax payable related to that year.If I pay it by way of self assessment tax whether penalty will be attracted u/s 271F ???
:(
Dintakurthi Tirumala
(Expert)
11 March 2014
For A.Y 2010-11 return of income not filed with in 31-3-2010 then Assessing officer has right to levy penalty u/s 271F.
So in your case penlty U/S 271F shall apply and it shall be impose by your AO, means imposing of penalty is in the hands of your AO.
OM SAI SRI SAI JAI JAI SAI
So in your case penlty U/S 271F shall apply and it shall be impose by your AO, means imposing of penalty is in the hands of your AO.
OM SAI SRI SAI JAI JAI SAI
Dhirajlal Rambhia
(Expert)
04 October 2021
At the discretion of ITO, as it is the fault of assessee.
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