A person X repaid an amount of Rs.1,00,000/- owed by his late father along with interest of Rs.20,000/-. The repayment of loan and interest amounting to Rs.1,20,000/- was made in cash. then...
a. X is not liable for penalty u/s.271E
b. X is liable for penalty u/s.271E of 1,00,000
c. X is liable for penalty u/s.271E of 1,20,000
d. X is liable for penalty u/s.271E for 1,00,000 to 1,20,000
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Qus. asked in ITI exam 2018
Replies (2)
only b
why will not be option C
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