If a payee eligible for commission exceeding ₹5,000 does not furnish his PAN to the payer, tax is deductible at source at —

CS Executive · Tax Laws and Practice · PYQS · December 2016
If a payee eligible for commission exceeding ₹5,000 does not furnish his PAN to the payer, tax is deductible at source at —
(A) Nil rate
(B) 20%
(C) 10%
(D) 30%.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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