alleryStart learning →Failure to report fraud under Section 143(12) attracts a fine within which range?
ARs 25,000 to Rs 5 lakh
BRs 50,000 to Rs 5 lakh
CRs 1 lakh to Rs 25 lakh
DRs 10,000 to Rs 1 lakh
Answer & Solution
Correct answer: C. Rs 1 lakh to Rs 25 lakh
Section 143(15) sets a minimum fine of one lakh rupees and a maximum of twenty-five lakh rupees.
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