Question ID :
38185
Penalty u/s 271FA
An assesee is a Full Fledge money Changer and sale a foreign currency during FY 2017-18 to more than Rs. 10 lacs to company /Tour packages agency and that agency send their employees with group of persons for payment in foreign country. FFMC has failed to submit SFT return and now The assessee has received show cause of Penalty u/s. 271FA what is remedy available to him . and if no remedy how much penalty has to be paid
posted by
SANDEEP KAPOOR
on
Jun 5 2019 12:00AM