13 March 2009
A PERSON WANT TO FILE THE RETURN U/S 139(4) FOR PR. YR. 2006-07 HAVING TAXABLE INCOME BELOW THE EXEMPTED LIMIT. SO IS THERE ANY CONSEQUENCES ARISE U/S 271 (F)FOR PENALTY OF RS 5000 FOR SUCH FILLING OF BELATED RETURN.
13 March 2009
If the gross total income is more than the maximum amount which is not chargeable to income tax provisions of section 271F attracts in the given case.
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