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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