Regarding penalty
This query is : Resolved
sanjay modi
(Querist)
22 March 2010
Dear Sir,
Whether penalty u/s 271 F be imposed if return of income is not filed upto 31 st March of relevant asst year ,however income is below the minimum limit though tds has been deducted.
Whether penalty u/s 271 F be imposed if return of income is not filed upto 31 st March of relevant asst year ,however income is below the minimum limit though tds has been deducted.
Aditya Maheshwari
(Expert)
22 March 2010
Penalty can be levied in case of there is any tax payable outstanding and the same is paid as S. A. Tax.
The section 271F says that penalty may be levied and not must.
The section 271F says that penalty may be levied and not must.
CA Ashok Kumar Sahu
(Expert)
23 March 2010
agree with expert
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