Start learning →

A breach counts as minor under section 126 if the tax involved is below what?

AOne thousand rupees
BFive thousand rupees
CTen thousand rupees
DOne lakh rupees
Answer & Solution
Correct answer: B. Five thousand rupees
The Explanation treats a breach with tax of less than five thousand rupees as minor.
Practise this question with Quill — CA Final →

Keep practising Demands and Recovery, Offences and Penalties

Browse all Demands and Recovery, Offences and Penalties questions for CA Final, or explore more Indirecttaxlaws topics.

Start a Demands and Recovery, Offences and Penalties lesson →
Related questions