Pradip acquired an urban land from Chitra for ₹70 lakh on 10 th October, 2015. At what rate, tax is deductible at source in respect of such transaction— (A) 2% (B) 5% (C) 1% (D) 3%.
CS Executive · Tax Laws and Practice · PYQS · June 2016
Pradip acquired an urban land from Chitra for ₹70 lakh on 10 th October, 2015. At what rate, tax is deductible at source in respect of such transaction— (A) 2% (B) 5% (C) 1% (D) 3%.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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