Penalty for failure to furnish report under Section 92E is :

CS Executive · Tax Laws and Practice · PYQS · June 2017
Penalty for failure to furnish report under Section 92E is :
(A) ₹ 25,000
(B) 2% of the value of international transactions
(C) ₹ 1,00,000
(D) ₹ 1,50,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: International Taxation

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