banner_ad

Sec. 271f penalty

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 October 2014 An assessee whose gross income for fy 2013-14 is 930000/- but he is eligible assesse to assess his income@ 8% of 930000/- so his income not exceed basic slab limit to file income tax return however his tds has been deducted@ 1% on contract basis.
His due date has been expired. So if he file his income can penalty be imposed on him of rs. 5000 u/s 271f.?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
10 October 2014 no penalty can be levied if the return is filed by 31 March 2015.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details