Under the "Income Tax Information Reward Scheme, 2018" one can get reward up to which amount for giving information to the designated officers of investigation Directories in Income Tax Deapartment about substantial evasion of tax on income or assets in India?

Options

A. Rs 10 lakhs
B. Rs 05 lakh
C. Rs 50 lakh
D. Rs 5 Crore

Answer

C

Explanation

Under the revised scheme, a person can get reward up to 50 lakh for giving specific information in prescribed manner to the designated officer, of Investigation Directorated in Income Tax Department about substantial evasion of tax on income or assets in India which are actionable under the Income-tax Act 1961.