alleryStart learning →Under the Black Money Act, penalty for failing to file a return is how much?
ARs 50,000
BRs 2,00,000
CRs 5,00,000
DRs 10,00,000
Answer & Solution
Correct answer: D. Rs 10,00,000
Failure to file a return by the end of the assessment year attracts a Rs 10 lakh penalty.
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