The maximum penalty leviable for failure to get accounts audited or to furnish report under section 44AB is

CS Executive · Tax Laws and Practice · PYQS · December 2015
The maximum penalty leviable for failure to get accounts audited or to furnish report under section 44AB is
(A) ₹75,000
(B) ₹1,00,000
(C) ₹1,50,000
(D) ₹3,00,000.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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