alleryStart learning →Which section of the Income-tax Act, 1961 levies penalty for under-reporting and misreporting of income?
ASection 276C
BSection 271AAB
CSection 271D
DSection 270A
Answer & Solution
Correct answer: D. Section 270A
Section 270A, inserted from AY 2017-18, is the provision that penalises under-reported and misreported income.
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