alleryStart learning →A deposit through net banking can be used to pay which of these dues?
ATax, interest, penalty and fees
BOutput tax liability alone
CRefunds of earlier years
DCustoms duty on imports
Answer & Solution
Correct answer: A. Tax, interest, penalty and fees
Section 49(3) allows the cash ledger balance to be used for tax, interest, penalty, fees or any other amount payable under the Act.
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