Question

What penalty rate is applied on the tax payable for the "misreporting" of income (such as suppressing facts or recording false entries)?

A 50%
B 100%
C 150%
D 200%
E 300%
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)