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Q. |
What is the maximum penalty for failing to furnish information or returns as required by the IT Act 2000? |
A. | Imprisonment for one year |
B. | Fine up to one lakh fifty thousand rupees |
C. | Suspension of online business operations |
D. | Confiscation of computer equipment |
Answer» B. Fine up to one lakh fifty thousand rupees | |
Explanation: Section 44 outlines the penalty for non-compliance with requests for information or reports. |
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