Mr. R whose accounts are not liable to audit u/s 44AB(a)/(b) in preceding financial year is required to deduct TDS u/s 194-IB if he is responsible for paying to a resident rent for land or building in excess of ₹........

CS Executive · Tax Laws and Practice · PYQS · December 2021
Mr. R whose accounts are not liable to audit u/s 44AB(a)/(b) in preceding financial year is required to deduct TDS u/s 194-IB if he is responsible for paying to a resident rent for land or building in excess of ₹............ per month or part of a month.
(A) ₹30,000
(B) ₹40,000
(C) ₹50,000
(D) ₹1,80,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic