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

This discussion addresses a notice received under Section 271F of the Income Tax Act for the Assessment Year 2012-13, concerning the failure to furnish a return of income by the due date. The assessee, unaware of the filing requirement and involved in equity share trading, has since filed the return. The query seeks guidance on the appropriate reply to the notice, as Section 271F carries a penalty of Rs. 5,000 if not addressed within the stipulated time.