alleryStart learning →A buyer liable under 194Q purchases goods worth Rs 1.6 crore from a resident seller in a year. Total TDS?
ARs 50,000
BRs 11,000
CRs 16,000
DRs 1,60,000
Answer & Solution
Correct answer: B. Rs 11,000
TDS of 0.1 percent applies only on the excess over Rs 50 lakh, which is Rs 1.1 crore, giving Rs 11,000.
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