Padmaja Traders a partnership firm with turnover of ₹ 140 lakhs omitted to get the books of account audited under section 44AB. The amount of penalty leviable for failure to get the accounts audited under section 4AB is:
CS Executive · Tax Laws and Practice · PYQS · December 2017
Padmaja Traders a partnership firm with turnover of ₹ 140 lakhs omitted to get the books of account audited under section 44AB. The amount of penalty leviable for failure to get the accounts audited under section 4AB is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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