{"id":34591,"date":"2024-04-15T09:33:01","date_gmt":"2024-04-15T09:33:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34591"},"modified":"2024-04-15T09:33:01","modified_gmt":"2024-04-15T09:33:01","slug":"as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/","title":{"rendered":"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 5,000 per day&#8221; option2=&#8221;Rs. 50,000&#8243; option3=&#8221;Rs. 25,000&#8243; option4=&#8221;Rs. 1,50,000&#8243; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. Rs. 50,000<\/strong><\/p>\n<p>As per Section 47 of the Information Technology Act 2000, any person who fails to maintain books of account or other documents as required under any law for the time being in force shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to fifty thousand rupees, or with both.<\/p>\n<p>Option A is incorrect because the maximum penalty for failing to maintain books of account is Rs. 50,000, not Rs. 5,000.<\/p>\n<p>Option C is incorrect because the maximum penalty for failing to maintain books of account is Rs. 50,000, not Rs. 25,000.<\/p>\n<p>Option D is incorrect because the maximum penalty for failing to maintain books of account is Rs. 50,000, not Rs. 1,50,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 5,000 per day&#8221; option2=&#8221;Rs. 50,000&#8243; option3=&#8221;Rs. 25,000&#8243; option4=&#8221;Rs. 1,50,000&#8243; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34591","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Rs. 5,000 per day&#8221; option2=&#8221;Rs. 50,000&#8243; option3=&#8221;Rs. 25,000&#8243; option4=&#8221;Rs. 1,50,000&#8243; correct=&#8221;option2&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:33:01+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/","og_locale":"en_US","og_type":"article","og_title":"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto","og_description":"[amp_mcq option1=&#8221;Rs. 5,000 per day&#8221; option2=&#8221;Rs. 50,000&#8243; option3=&#8221;Rs. 25,000&#8243; option4=&#8221;Rs. 1,50,000&#8243; correct=&#8221;option2&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:33:01+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/","url":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/","name":"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:33:01+00:00","dateModified":"2024-04-15T09:33:01+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-information-technology-act-2000-if-you-fails-to-maintain-books-of-account-then-you-will-be-penalised-upto\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Commerce","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/"},{"@type":"ListItem","position":4,"name":"Legal aspects of business","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/legal-aspects-of-business\/"},{"@type":"ListItem","position":5,"name":"As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/34591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=34591"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/34591\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=34591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=34591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=34591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}