Poonawalla fincorp
Poonawalla fincorp

IT return of an Individual

This query is : Resolved 
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(Querist)
06 December 2010 Dear sir, Please explain me the provision of non filing of IT return on due date having turnover Rs. 2 crores. The Assessee is an Individual & audit u/s 44AB has not been done.
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Abhilash Chandra
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
06 December 2010 PENALTY WILL BE ATTRACTED U/S 271B AND 271F

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