While making payment of winnings from horse race, tax will be deducted at source, if the payment exceeds— (A) ₹5,000 (B) ₹10,000 (C) ₹25,000 (D) ₹50,000
CS Executive · Tax Laws and Practice · PYQS · June 2016
While making payment of winnings from horse race, tax will be deducted at source, if the payment exceeds— (A) ₹5,000 (B) ₹10,000 (C) ₹25,000 (D) ₹50,000
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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