alleryStart learning →Under section 194T, no tax is deducted from partner payments up to what yearly total?
ARs 20,000
BRs 1,00,000
CRs 10,000
DRs 50,000
Answer & Solution
Correct answer: A. Rs 20,000
The chart exempts aggregate payments to a partner not exceeding Rs 20,000 in a financial year.
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