Section 271AAB(1A) applies to searches initiated on or after which date?
A1 June 2007
B1 July 2012
C15 December 2016
D1 April 2017
Answer & Solution
Correct answer: C. 15 December 2016
Searches begun on or after 15 December 2016 fall under 271AAB(1A), with 30 or 60 percent penalty rates.
Keep practising Undisclosed Income and Assets, Penalties, Offences and Prosecution
Browse all Undisclosed Income and Assets, Penalties, Offences and Prosecution questions for CA Final, or explore more Taxation topics.
Related questions
Public servants are restricted from disclosing specified information under which section?Non-compliance with search and seizure provisions is punishable under which section, up toNo punishment is imposed for failures under sections 276B or 276BB if the person proves whProsecution for income tax offences cannot be initiated without approval under which sectiSection 278E raises a presumption of what, unless the accused proves otherwise?Under section 278C, who is deemed guilty of an offence committed by a Hindu undivided famiFor section 278B, the expression 'company' includes which of these?Unauthorised disclosure of information by a public servant is punishable under which secti