In case of failure to file the income tax return, prosecution proceeding may be initiated against the assessee under section 276CC of the Act where the tax payable on the returned income exceeds ______.
CS Executive · Tax Laws and Practice · PYQS · December 2020
In case of failure to file the income tax return, prosecution proceeding may be initiated against the assessee under section 276CC of the Act where the tax payable on the returned income exceeds ______.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Offences and Prosecutions
Related Questions in this Topic
- Mrs. Mallick, an unregistered person, from Mumbai, has an account with a bank at Mumbai. She is on a vacation in Rajasth...
- If the goods so seized are of perishable or hazardous nature, such goods can be released by an order under GST INS-05 on...
- Section 9 of the IGST Act, 2017 defines:
- As per section 10 of CGST Act, 2017, the proceeds of the cess and such other amounts as may be recommended by the Counci...
- The highest applicable approved rate of UTGST has been prescribed at __________.