Section 271f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2015
Dear expert
if any income tax has been subjected to section 271F it is sure that the AO must imposed the penalty RS. 5000
plzz guide
if any income tax has been subjected to section 271F it is sure that the AO must imposed the penalty RS. 5000
plzz guide
16 March 2015
RS 5000/- is the maximum penalty. Levy of penalty is at the discretion of AO after giving assessee a reasonable opportunity of being heard.
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