Under Section 271 C of the Income Tax Act 1961 the...

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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: Option B


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