Start learning →

A firm pays Rs 8,00,000 to a company contractor under one contract. What is the 194C TDS?

ARs 8,000
BRs 40,000
CRs 16,000
DRs 80,000
Answer & Solution
Correct answer: C. Rs 16,000
A company or firm contractor attracts 2 percent, and 2 percent of Rs 8,00,000 is Rs 16,000.
Practise this question with Quill — CA Inter →

Keep practising Advance Tax, TDS and TCS

Browse all Advance Tax, TDS and TCS questions for CA Inter, or explore more Taxation topics.

Start a Advance Tax, TDS and TCS lesson →
Related questions