A house property owned by Nitin, a non-resident, at Delhi was agreed to be sold to Ramesh for a consideration of ₹70,00,000. Ramesh has stated to Nitin that the payment of sale consideration shall be subject to TDS and t
CS Executive · Tax Laws · PYQS · December 2019
A house property owned by Nitin, a non-resident, at Delhi was agreed to be sold to Ramesh for a consideration of ₹70,00,000. Ramesh has stated to Nitin that the payment of sale consideration shall be subject to TDS and the amount of TDS on the sale consideration will be @ __________ as per section __________ of the Income Tax Act, 1961.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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