alleryStart learning →No profiteering penalty applies if the profiteered amount is deposited within:
AThirty days of the order
BSeven days of the notice
CSixty days of the order
DOne year of the supply
Answer & Solution
Correct answer: A. Thirty days of the order
The proviso to Section 171(3A) waives the penalty if the amount is deposited within thirty days of the order.
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