Penalty u/s 271F

Tax queries 882 views 3 replies
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Job
1534 Points Joined November 2008

Return of income of a Firm Assessee is not filed for the A.Y. 2007-08...

The assessee has incured losses...

Is penalty u/s 271F is imposed if return of income is filed nw even if there is no tax liability....???? Plz provide relevant provisions of Act and case laws if any....

Thnx in advance...

Megha

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On 22 December 2009 at 12:47 Report
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FCA DISA Mcom CIFRS & LLB
9060 Points Joined February 2009

penalty u/s 271F is applicable only when return is to be filled u/s 139(1)

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On 22 December 2009 at 12:57
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CA DISA
7150 Points Joined March 2008

Agreed.

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On 22 December 2009 at 13:20
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Job
1534 Points Joined November 2008

In my case return is requried to b filed u/s 148....

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On 22 December 2009 at 13:20


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