What is the quantum of penalty under section of 272A(1)(d), in case of failure to comply with a notice under section 142(1) or 143(2) or fails to comply with a direction issued under section 142(2A)?

CS Executive · Tax Laws and Practice · PYQS · June 2021
What is the quantum of penalty under section of 272A(1)(d), in case of failure to comply with a notice under section 142(1) or 143(2) or fails to comply with a direction issued under section 142(2A)?
(A) ₹1,000
(B) ₹5,000
(C) ₹10,000
(D) ₹20,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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