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Directions : Fill up the blanks, numbered [1] [2] [3] [4] [5] and [6] in the passage given below with the most appropriate word from the options given for each blank. “Between the year 1946 and the year 1995, I did not file any income tax returns”, with that [1] statement, soubhik embarked on an account of his encounter with the Income Tax Department. “I originally owed Rs. 20,000 in unpaid taxes. With [2] and [3], the 20,000 became 60,000. The Income Tax Department then went into action, and I learned first-hand just now much power the Tax Department wields. Royalties and trust funds can be [4], automobiles may be [5] and auctioned off. Nothing belongs to the [6] until the case is settled.”
Fill up the blank [3]
Sanctions
Refunds
Fees
Fines
With interests and fines, the 20,000 became 60,000. The Income Tax Department then went into action, and I learned first-hand just now much power the Tax Department wields. If someone not pay his tax liability, then he may be fined and charged interest. Hence, option 4 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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