Q50
Under Sec. 194 1B of the Income Tax Act, 1961 an individual or HUF (who is not required to get his accounts audited u/s 44 AB) who is responsible for paying to a resident any rent, shall deduct income tax, for the use of any land and building or both, if the rent exceeds:
A.
50,000 per month
AnswerB.
15,000 per month
C.
25,000 per month
D.
40,000 per month
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board