Hi..
One of my relative got a notice U/s 274 read with section 271F for delayed in filing of Return for A.Y. 2016-17. Now they want to start a penalty proceedings. Date of filing of return was 16/07/2017. What to do? Please guide..
rahul (B.Com) (23 Points)
15 November 2018Hi..
One of my relative got a notice U/s 274 read with section 271F for delayed in filing of Return for A.Y. 2016-17. Now they want to start a penalty proceedings. Date of filing of return was 16/07/2017. What to do? Please guide..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(162141 Points)
Replied 15 November 2018
If any tax liability exists, penalty applicable. Otherwise, AO has right to waive off the penalty, when properly justified for delay in filing ITR.
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