Vidyalelo
Commerce · Q284

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 284

Q284

Under Section 271C 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 194C
B.
100% of tax which is otherwise deductible under Section 194C
Answer
C.
200% of tax which is otherwise deductible under Section 194C
D.
300% of tax which is otherwise deductible under Section 194C

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board