Mr. Rajesh had a turnover of ₹3 crore during the year ended 31st March, 2017. During the F.Y. 2017-18, he paid a sum of ₹10 lakh to E, an Engineer for construction of his self-occupied residence and ₹25 lakh to E, for co

CS Executive · Tax Laws and Practice · PYQS · June 2018
Mr. Rajesh had a turnover of ₹3 crore during the year ended 31st March, 2017. During the F.Y. 2017-18, he paid a sum of ₹10 lakh to E, an Engineer for construction of his self-occupied residence and ₹25 lakh to E, for construction of office building. The amount of tax to be deducted at source from payments made to E is:
(A) ₹3 lakh
(B) ₹50,000
(C) ₹2.5 lakh
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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