Notice recd. U/s 271f for the A.Y.yyear 2012-13.

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Dear sir,

           The assessee received the notice  section 274 read with section 271f of the income tax act for the A.Y. 2012-13 & metioned in notice "it appears to me that you have failed to furnish return of income tax as required U/s 139(1) of the income tax act.1961 before the assessment year.& show cause why an order imposing a penalty on you should not be made U/s 271f of the income tax act."

please suggest. what should be reply against notice u/s 271F

Regards

vinay khurana

Replies (3)
What is the reason for failure to furnish the return?
Its a penalty provision. if you not reply with in the stipulated time then order will be passed and penalty amout rs. 5000 to be levied
Originally posted by : Sunil Sharma

What is the reason for failure to furnish the return?

The assessee was not aware regarding filing Of ITR & was also deals in various equity shares.In respone to notice assessee filed ITR for the A.Y.2012-13 with taxable income. what should be reply.plz suggest.

 


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