Penalty for failure to file return of income before the end of the relevant assessment year is

CS Executive · Tax Laws and Practice · PYQS · December 2015
Penalty for failure to file return of income before the end of the relevant assessment year is
(A) ₹1,000
(B) ₹10,000
(C) ₹5,000
(D) ₹2,000.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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