P & Co a partnership firm whose turnover was ₹ 42,60,000 in the previous year 2015-16 and ₹ 1,01,30,000 in the previous year 2016-17 paid brokerage of ₹ 21,000 to Mr. Ashwin during the financial year 2016-17. Mr. Ash
CS Executive · Tax Laws and Practice · PYQS · December 2017
P & Co a partnership firm whose turnover was ₹ 42,60,000 in the previous year 2015-16 and ₹ 1,01,30,000 in the previous year 2016-17 paid brokerage of ₹ 21,000 to Mr. Ashwin during the financial year 2016-17. Mr. Ashwin furnished his PAN to the firm. The amount of tax deductible at source on such brokerage payment would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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