As per section 249(1) of Income Tax Act, 1961 the appeal should be filed in the prescribed form and verified in the prescribed manner. What is rate of fees when the assessed income is more than one hundred thousand rupee

CS Executive · Tax Laws and Practice · PYQS · June 2021
As per section 249(1) of Income Tax Act, 1961 the appeal should be filed in the prescribed form and verified in the prescribed manner. What is rate of fees when the assessed income is more than one hundred thousand rupees but not more than two hundred thousand rupees ?
(A) ₹250
(B) ₹500
(C) ₹1,000
(D) ₹2000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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