A notice under section 142(1) was issued to Ashok Ghosh for filing the return of the assessment year 2019-20. When he failed to file the return within the time specified in the notice, the amount of penalty leviable woul

CS Executive · Tax Laws and Practice · PYQS · December 2019
A notice under section 142(1) was issued to Ashok Ghosh for filing the return of the assessment year 2019-20. When he failed to file the return within the time specified in the notice, the amount of penalty leviable would be :
(A) ₹10,000
(B) ₹20,000
(C) ₹50,000
(D) ₹1,00,000

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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