alleryStart learning →Section 73(9) penalty is ten percent of tax or a fixed sum, whichever is higher. Which sum?
ARs 5,000
BRs 25,000
CRs 20,000
DRs 10,000
Answer & Solution
Correct answer: D. Rs 10,000
The penalty is ten percent of the tax or ten thousand rupees, whichever is higher.
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