Botham Mfg. (P) Ltd paid ₹4,25,000 to LMN Services (P) Ltd who is engaged in operation of call centre for the company for the period from 01.09.2020 to 31.03.2021. How much is the amount of tax deductible at source by Bo
CS Executive · Tax Laws · PYQS · June 2021
Botham Mfg. (P) Ltd paid ₹4,25,000 to LMN Services (P) Ltd who is engaged in operation of call centre for the company for the period from 01.09.2020 to 31.03.2021. How much is the amount of tax deductible at source by Botham Mfg (P) Ltd out of the amounts paid to LMN Services (P) Ltd ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (C). Official source note: Option B is correct if concessional rate of TDS applied due to Pandemic. Option C is correct if no concessional rate is applied.
Topics: Income Tax
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