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Commerce · Q218

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 218

Q218

Which two of the following are correct in terms of rate of tax deduction at source (TDS)? (1) Income by way of winning from the horse race @ 30% (2) Insurance Commission @ 10% (3) Rent of Plant & Machinery @ 5% (4) Rent of furniture @ 5% Choose the correct option from the following:

A.
1 and 2
B.
1 and 3
C.
1 and 4
Answer
D.
2 and 3

Answer: Option C

Solution

Answer: Option C
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