If any eligible investment fund is required to furnish statement or information or documents in respect of its activities in a financial year as per section 9A; fails to furnish such statement/information or documents wi

CS Executive · Tax Laws · PYQS · December 2020
If any eligible investment fund is required to furnish statement or information or documents in respect of its activities in a financial year as per section 9A; fails to furnish such statement/information or documents within the time prescribed of days shall be liable to pay by way of penalty a sum of ₹
(A) 60 days; ₹1 lakh
(B) 90 days; ₹1 lakh
(C) 90 days; ₹5 lakh
(D) 60 days; ₹5 lakh

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Penalties and Prosecutions

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