December 2014

1:

Under Section 271 C of the Income Tax Act, 1961 the amount of penalty for failure to deduct tax at source is

A.

10% of tax which is otherwise deductible under Section 194 C.

B.

100% of tax which is otherwise deductible under Section 194 C.

C.

200% of tax which is otherwise deductible under Section 194 C.

D.

300% of tax which is otherwise deductible under Section 194 C.

 

Answer : D

Explanation :

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Option: A

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