05 August 2012
if i fileed the return ay 11.12 after assesment then ao can impossed compulsory panalty of 5000 if 1. return is filled nil 2. return if filled with tax paid 3. retun is filled with refund claimed
05 August 2012
In addition to above; sec 271f is applicable if person is liable to file return under sec139(1) I.e. if person have total income bellow exemption limit n have refund via tds deducted on income then sec 271f is not imposed by AO.
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