Section 26 of the Banning of Unregulated Deposit Schemes Act, 2019 also applies where a person fails to…
Under section 26 of the BUDS Act, the fine applies both to failure to give the section 10(1) intimation and to failure to furnish statements, information or particulars…
Choose your answer
Section 26 of the Banning of Unregulated Deposit Schemes Act, 2019 also applies where a person fails to furnish:
Answer and explanation
Correct answer C
Under section 26 of the BUDS Act, the fine applies both to failure to give the section 10(1) intimation and to failure to furnish statements, information or particulars required under section 10(2), so both grounds are covered, not income-tax returns.