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Section 271 f

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2013 Dear Sir,
An assessee whose agriculture income is Rs. 5.5 lacs and non-agriculture income is Rs. 1.70 lacs in AY 2012-13.
If I file his return now then whether the penalty u/s 271 F arises or not.

Waiting for your opinion.
Thanks.

31 December 2013 In such a case penalty is not leviable.
.

31 December 2013 you can file upto 1 year from end of rel AY i.e in your case upto 31.3.2014.

31 December 2013 not leviable as you are liable to file return as per 139(1). In case 139(1) becomes applicable, then penalty under 271(f) shall also apply for AY 2012-13, if return is not filed by 31 March 2013.


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