Received letter from department

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2014 one of my client has received a letter from ITD for not filing ITRs.HE has not filed ITR for ay 2010-11.In fy 2009-10 He had earned income from salary and insurance commission. AND the TDS was deducted on salary and commission.

ON scrutiny i noticed that he is falling under bracket 20% but TDS was deducted @ 10%.

therefore there is some amount tax payable related to that year.If I pay it by way of self assessment tax whether penalty will be attracted u/s 271F ???
:(

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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11 March 2014 For A.Y 2010-11 return of income not filed with in 31-3-2010 then Assessing officer has right to levy penalty u/s 271F.

So in your case penlty U/S 271F shall apply and it shall be impose by your AO, means imposing of penalty is in the hands of your AO.

OM SAI SRI SAI JAI JAI SAI