Raja Ltd. makes the following payments to Rani, a contractor, for work contract during the Previous Year 2021-22: ₹25,000 on 10th May, 2021 ₹22,000 on 10th August, 2021 ₹27,000 on 10th December, 2021 On 10th March, 2022,
CS Executive · Tax Laws · PYQS · December 2022
Raja Ltd. makes the following payments to Rani, a contractor, for work contract during the Previous Year 2021-22: ₹25,000 on 10th May, 2021 ₹22,000 on 10th August, 2021 ₹27,000 on 10th December, 2021 On 10th March, 2022, a payment of ₹30,000 is due to Rani on account of a work contract. Determine the liability of Raja Ltd. to deduct tax at source under section 194C from payments made to Rani on 10th March, 2022.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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