ABC Ltd. pays the following amounts to Mr. J, a resident, during the previous year 2020-21 : ₹16,000 for Professional services and ₹20,000 as royalty. What percentage of TDS is to be deducted by ABC Ltd. for Assessment Y

CS Executive · Tax Laws and Practice · PYQS · December 2021
ABC Ltd. pays the following amounts to Mr. J, a resident, during the previous year 2020-21 : ₹16,000 for Professional services and ₹20,000 as royalty. What percentage of TDS is to be deducted by ABC Ltd. for Assessment Year 2021-22?
(A) 10% of ₹36,000
(B) 10% of ₹16,000
(C) 10% of ₹20,000
(D) No TDS is to be deducted

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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