Return for a.y. 2011-12

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Jenish (Querist)
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04 August 2012 My client’s TDS was deducted of Rs. 2140/- u/s 194J of Income Tax Act for A.Y. 2011-12. Her total income was below the basic exemption limits for A.Y. 2011-12. She failed to file return for A.Y. 2011-12. If she file return for A.Y. 2011-12 before 31.03.2013, Will penalty u/s 271F (Rs.5000/-) be imposed? Is it benefitable to file return because TDS deducted only of Rs. 2140/- and if penalty will impose of Rs. 5000/- then there is no meaning to file return. What to do now to get refund?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 August 2012 Refund can be received only by filing a return. No penalty is leviable as the income is below taxable limit. File the return and
start the countdown for refund.
.

Jenish

Jenish (Querist)
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04 August 2012 Thank you sir..

Jenish

Jenish (Querist)
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04 August 2012 Will AO ask the reason for late filing of return?

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