Zen Ltd. made a payment of ₹11,00,000 to Amar, a resident transport contractor who has intimated his PAN details. The tax to be deducted at source under section 194C will be

CS Executive · Tax Laws and Practice · PYQS · June 2015
Zen Ltd. made a payment of ₹11,00,000 to Amar, a resident transport contractor who has intimated his PAN details. The tax to be deducted at source under section 194C will be
(A) ₹10,000
(B) ₹200
(C) Nil
(D) ₹11,000.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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