As per section 271A, failure to keep, maintain or retain books of account would attract penalty of —

CS Executive · Tax Laws and Practice · PYQS · December 2016
As per section 271A, failure to keep, maintain or retain books of account would attract penalty of —
(A) ₹10,000
(B) ₹1,00,000
(C) ₹2,000
(D) ₹25,000.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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