Section 271 f
This query is : Resolved
Querist : Anonymous
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.
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.
CA PARAS BAFNA
(Expert)
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.
Nikhil Kaushik
(Expert)
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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