Tax Book 2023

Offences and Prosecutions Chapter- 24

MULTIPLE CHOICE QUESTIONS

Q.1. Penalty for failure to file income tax return under section 114 is ___% of the tax payable.

(a) 0.1

(b) 0.2

(c) 0.3

(d) 0.4

Q.2. Penalty for failure to file income tax return under section 114 is subject to a minimum penalty of Rs.
___ other than a salaried person.
(a) 6,000
(b) 50 ,000
(c) 7,000
(d) 8,000

Q.3. Penalty for failure to file income tax return under section 114 is subject to a maximum penalty of
___% of tax payable.
(a) 200
(b) 10
(c) 25
(d) 30

Q.4. Penalty for failure to issue cash memo, invoice or receipt is Rs. 5,000 or 3% of the amount of tax
involved whichever is __.
(a) higher
(b) lower
(c) higher than Rs. 100,000
(d) all of above

Q.5. Penalty for failure to apply for registration under the Income Tax Law shall pay a penalty of
Rs.__.
(a) 6,000
(b) 10 ,000
(c) 7,000
(d) 8,000

Q.6. For the first time default in depositing the amount of tax or any part thereof, penalty is ___% of the
amount of the tax in default.
(a) 8
(b) 9
(c) 5
(d) 11

Q.7. For the second time default in depositing the amount of tax or any part thereof, penalty is ___% of the
amount of the tax in default.
(a) 25
(b) 29
(c) 30