Sagar engaged in a business, booked a marriage hall of Yash having PAN for conducting mega sale during festival season of F.Y. 2018-19 and paid rent of ₹55,000 for 3 days period. His total turnover for financial year 201

CS Executive · Tax Laws and Practice · PYQS · June 2019
Sagar engaged in a business, booked a marriage hall of Yash having PAN for conducting mega sale during festival season of F.Y. 2018-19 and paid rent of ₹55,000 for 3 days period. His total turnover for financial year 2018-19 is ₹85 lakh. The amount of Tax Deduction at Source (TDS) to be made by Sagar on the amount of rent paid will be :
(A) NIL
(B) ₹5,500
(C) ₹2,750
(D) ₹11,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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