alleryStart learning →Section 194M TDS applies once aggregate payments to a resident in a year exceed what?
ARs 50 lakh
BRs 10 lakh
CRs 20 lakh
DRs 1 crore
Answer & Solution
Correct answer: A. Rs 50 lakh
The rate chart states 194M deduction applies when the aggregate sum credited or paid exceeds Rs 50 lakh.
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Related questions
An individual contractor gets three payments of Rs 20,000 each in a year. What is the 194CA person not a specified person sells crypto worth Rs 3,00,000 to a buyer. What is the 194A company pays Rs 4,50,000 as brokerage to a resident agent. What is the 194H TDS?A firm pays a partner Rs 5,00,000 as remuneration. What is the 194T TDS?A person wins Rs 50,000 in a lottery. Ignoring surcharge and cess, how much TDS under 194BA firm gives a resident dealer a free trip valued at Rs 80,000. What 194R TDS applies?A buyer liable under 194Q purchases goods worth Rs 1.6 crore from a resident seller in a yA buyer pays Rs 80 lakh for a flat from a resident seller. What is the 194-IA TDS?