Q485
Under Sec. 194 IB 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.
40,000 per month
C.
25,000 per month
D.
15,000 per month
Answer: Option A
Solution
Answer: Option A
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