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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- Banking Related Issue
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding reporting of exempt foreign remuneration in ITR
- Taxability of credit in canara bank ET & T section (NRO)
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
