State whether tax is required to be collected at source (TCS) under the provision of section 206C of Income Act, 1961 by a person making ..........

CS Executive · Tax Laws and Practice · PYQS · December 2018
State whether tax is required to be collected at source (TCS) under the provision of section 206C of Income Act, 1961 by a person making ..........
(A) Payment of dividend
(B) Winning from horse races
(C) Sale of motor vehicle of the value exceeding ₹10 lakh by a dealer to the customer
(D) Payment to non-resident

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