Ganesh Traders (partnership firm) reported a turnover of ₹250 lakh for the assessment year 2019-20. It has not filed the tax audit report under section 44AB before specified date. The amount of penalty leviable for such
CS Executive · Tax Laws and Practice · PYQS · December 2019
Ganesh Traders (partnership firm) reported a turnover of ₹250 lakh for the assessment year 2019-20. It has not filed the tax audit report under section 44AB before specified date. The amount of penalty leviable for such failure would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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