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8. As per section 271H, where a person fails to file the statement of tax deducted/collected at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then he shall be liable to pay penalty under section 271H. Maximum penalty that can be levied is ______. A. 1,00,000, but not exceeding the amount of TDS/TCS. B. 2,00,000.


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11 _____ is a tax that is shifted from one taxpayer to another. Direct Tax Indirect Tax Entry Tax GST Indirect Tax I 12 Indirect Tax is a _____. Regressive tax Progressive tax Tax on tax Value added tax. Regressive tax I 13 Central & excise duty shall be levied in addition to GST on _____. Petroleum Products Alcohol products


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