EXE Automobiles (P) Ltd a dealer in motor car sold one motor car to A (having PAN) for ₹12,60,000 on 05.03.2021. How much is the amount of tax collectible at source ?
CS Executive · Tax Laws · PYQS · June 2021
EXE Automobiles (P) Ltd a dealer in motor car sold one motor car to A (having PAN) for ₹12,60,000 on 05.03.2021. How much is the amount of tax collectible at source ?
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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