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Between the year 1946 and the year 1955, I did not file any income tax returns." With that [5] statement, Ramesh embarked on an account of his encounter with the Income Tax Department. "I originally owed Rs 20,000 in unpaid taxes. With [6] and [7], the 20,000 became 60,000. The Income Tax Department then went into action, and I learned firsthand just how much power the Tax Department wields. Royalties and trust funds can be [8]; automobiles may be [9], and auctioned off. Nothing belongs to the [10] until the case is settled."


A
interest
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B
taxes
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C
principal
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D
returns
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Solution

The correct option is B interest
Solution: Correct Answer Option: (a)

The only way that the amount of Rs. 20,000/= could become Rs. 60,000/= is through addition of interest amount or by imposition of a fine. Since the latter is not mentioned as an answer option, (a) stands out as the correct answer choice.


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