Every year on 31st. July an advertisement is appeared in most of the News papers for Income tax assesses to file their IT returns otherwise they will be penalized by Rs. 5000.00 under section 271F though the penalty of Rs.5000.00 is applicable if the return is not filed up to 31st. March.
Is this practice of advertising about a non-existing penalty is justified?
- CA SUDHIR HALAKHADI
CAclubindia
