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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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