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Commerce · Q110

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 110

Q110

Under Section 194B and 194BB of Income Tax Act, tax is deductible @ . . . . . . . . on payment in respect of winnings from lotteries or cross word puzzles etc.

A.
10%
B.
20%
C.
30%
Answer
D.
40%
E.
50%

Answer: Option C

Solution

Answer: Option C
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