Penalty for non filing of itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 Pls guide me relating to the case mentioned below whether penalty for non filling ITR will attract or not:

Case:
Assessee : Individual
Income From Business : Rs 1,40,200/-
Agriculture Income : Rs 65,000/-

Matter under consideration is that "whether Agriculture income will be part of G.T.I for attracting penalty for non filling ITR"??

Pls give complete reply with supporting (if any)

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2013 no since agricultral income is exempted for from tax its just included to compute tax.

Prakash Kochar

Prakash Kochar (Expert)
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21 July 2013 Agri. income is not to be included for arriving gross total income. It is to be consider for rate purpose only. Not under obligation to file return u/s. 139(1) therefore no penalty attracts.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 thanks a lot for the reply.