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Itr 2011-12
I filed my clients ITR for AY 2012-13 and 2013-14 on 18/02/2014 and send ITR V to CPC Banglore. For AY 2012-13, It was a taxable return having TDS of Rs. 800(around) and i claimed refund by showing LIC Payment. Now I wanted to know does this ITR attract any penalty or it will be normally processed??
Replies (3)
refer sec 271F.. A.O can issue penalty order due to tht sec..
it is under the power of AO to impose a penalty of Rs. 5000/- u/s 271 F for return filed for A.Y. 2012-13
Now how can i safeguard from that penalty??
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