alleryStart learning →The main s.447 penalty applies to fraud of at least ten lakh rupees or what share of turnover, whichever is lower?
AOne per cent
BFive per cent
CTen per cent
DHalf per cent
Answer & Solution
Correct answer: A. One per cent
The threshold is ten lakh rupees or one per cent of the company's turnover, whichever is lower.
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