What is the maximum amount of demand for which the officer can issue a – McqOptions

MCQOPTIONS

1.	What is the maximum amount of demand for which the officer can issue an order under section 73 in case of other than fraud, misstatement or suppression?
A.	Amount of tax + interest + penalty of 10% of tax
B.	Amount of tax + interest + penalty of 10% of tax or Rs.10,000/- whichever is higher
C.	Rs.10,000/-
D.	Amount of tax + interest + 25% penalty
Answer» C. Rs.10,000/-

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