Payment of ₹2,00,000 was made to Krishna Roadways Pvt. Ltd. owning nine heavy goods carriages and having PAN which was furnished by them to the payer of freight GG Carriers. The amount of tax to be deducted by the payer

CS Executive · Tax Laws and Practice · PYQS · December 2018
Payment of ₹2,00,000 was made to Krishna Roadways Pvt. Ltd. owning nine heavy goods carriages and having PAN which was furnished by them to the payer of freight GG Carriers. The amount of tax to be deducted by the payer on such amount is .......... as per section ..........
(A) ₹2,000, 194C
(B) ₹10,000, 194C
(C) ₹4,000, 194C
(D) Nil because PAN furnished, 194C(6)

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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