Question
Between the year 1946 and the year 1955, I
did not file any income tax returns." With that [5] statement, Ramesh embarked on an account
of his encounter with the Income Tax Department. "I originally owed Rs
20,000 in unpaid taxes. With [6]
and [7], the 20,000 became
60,000. The Income Tax Department then went into action, and I learned
firsthand just how much power the Tax Department wields. Royalties and trust
funds can be [8]; automobiles
may be [9], and auctioned off.
Nothing belongs to the [10]
until the case is settled."
did not file any income tax returns." With that [5] statement, Ramesh embarked on an account
of his encounter with the Income Tax Department. "I originally owed Rs
20,000 in unpaid taxes. With [6]
and [7], the 20,000 became
60,000. The Income Tax Department then went into action, and I learned
firsthand just how much power the Tax Department wields. Royalties and trust
funds can be [8]; automobiles
may be [9], and auctioned off.
Nothing belongs to the [10]
until the case is settled."
Answer: Option A
:
A
Solution: Correct Answer Option: (a)
The only way that the amount of Rs. 20,000/= could become Rs.
60,000/= is through addition of interest amount or by imposition of a fine.
Since the latter is not mentioned as an answer option, (a) stands out as the
correct answer choice.
Was this answer helpful ?
:
A
Solution: Correct Answer Option: (a)
The only way that the amount of Rs. 20,000/= could become Rs.
60,000/= is through addition of interest amount or by imposition of a fine.
Since the latter is not mentioned as an answer option, (a) stands out as the
correct answer choice.
Was this answer helpful ?
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