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 ???
:(

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 October 2021 At the discretion of ITO, as it is the fault of assessee.

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