If an assessee fails to file Return by the end of the relevant assessment year, does in all cases he has to pay the penalty u/s 271F or are there any exceptions if his income is more than the exemption limit?
If an assessee fails to file Return by the end of the relevant assessment year, does in all cases he has to pay the penalty u/s 271F or are there any exceptions if his income is more than the exemption limit?