Is there any requirement to deduct tax at source on consideration paid or payable on transfer of building and agricultural land?
A. No; no tax is required to be deducted at source on transfer of any capital asset
B. Yes; Mr. Anay is required to deduct tax at source under section 194-IA.
C. Yes; Mr. Sarthak is required to deduct tax at source under section 194-IA.
D. Yes; Mr. Vivek is required to deduct tax at source under section 194-IA.
Answer:B
Is there any requirement to deduct tax at source on consideration paid or payable on transfer of building and agricultural land?
A. No; no tax is required to be deducted at source on transfer of any capital asset B. Yes; Mr. Anay is required to deduct tax at source under section 194-IA. C. Yes; Mr. Sarthak is required to deduct tax at source under section 194-IA. D. Yes; Mr. Vivek is required to deduct tax at source under section 194-IA.