Manoj & Co. (partnership firm) paid monthly rent of ₹30,000 for its premises during the previous year 2018-19. No tax was deducted at source for the rent paid up to 31-3-2019. Total Tax was deducted tax at source on
CS Executive · Tax Laws and Practice · PYQS · December 2019
Manoj & Co. (partnership firm) paid monthly rent of ₹30,000 for its premises during the previous year 2018-19. No tax was deducted at source for the rent paid up to 31-3-2019. Total Tax was deducted tax at source on 5-5-2019 and remitted on 10-9-2019. The return of income of the firm for the assessment year 2019-20 was filed on 31-08-2019, the due date. The amount of expenditure liable for disallowance under section 40(a)(ia) for the assessment year 2019-20 would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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