Zeet (P) Ltd. incurred loss of ₹1,10,000 for the assessment year 2019-20. It is planning not to file return of loss and claim the loss for carry forward. The monetary limit of the tax amount for applying prosecution prov
CS Executive · Tax Laws and Practice · PYQS · December 2019
Zeet (P) Ltd. incurred loss of ₹1,10,000 for the assessment year 2019-20. It is planning not to file return of loss and claim the loss for carry forward. The monetary limit of the tax amount for applying prosecution provisions contained in section 276CC will apply when the tax liability exceeds :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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