Mr. Nitin after serving Lion Ltd. for 4 years resigned his job to commence a business of his own. His provident fund account consisted of his own contribution ₹ 50,000; employer's contribution ₹ 50,000 and interest of ₹
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Nitin after serving Lion Ltd. for 4 years resigned his job to commence a business of his own. His provident fund account consisted of his own contribution ₹ 50,000; employer's contribution ₹ 50,000 and interest of ₹ 20,000 being attributable equally to the said contributions. How much would be the amount deductible at source under section 192A ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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