alleryStart learning →Default under s.138 attracts Rs 10,000 plus a daily penalty of:
ARs 500
BRs 1,000
CRs 5,000
DRs 2,000
Answer & Solution
Correct answer: B. Rs 1,000
The s.450 penalty is Rs 10,000 with a further Rs 1,000 for each day the default continues.
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