The maximum amount of rent payment where deduction of tax at source is not required in a financial year is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
The maximum amount of rent payment where deduction of tax at source is not required in a financial year is —
(A) ₹1,20,000
(B) ₹1,80,000
(C) ₹2,00,000
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) ₹1,80,000. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic