Zubin is intending/going to purchase agriculture lands in the rural area located in Gujrat for ₹70,00,000 in the previous year 2019-20. He wants to know whether there is any obligation on him to deduct tax at source from
CS Executive · Tax Laws and Practice · PYQS · December 2020
Zubin is intending/going to purchase agriculture lands in the rural area located in Gujrat for ₹70,00,000 in the previous year 2019-20. He wants to know whether there is any obligation on him to deduct tax at source from the payment to be made and if so at what rate ?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Tax Deducted at Source (TDS)
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