1st Instalment of ₹ 5,00,000 as advance was payment on 15-11-2020, 2nd Instalment of ₹ 45,00,000 on 25-03-2021 and balance amount ₹ 13,00,000 on 11-05-2021. Determine the TDS liability for Mr. Ajay Sahu, if any, for A. Y. 2021 -22?
A. ₹ 2,50,000
B. ₹ 3,15,000
C. ₹ 65,000
D. Nil [ICAI Mock Test Paper: October 2020, 2 Marks]
Answer:B
1st Instalment of ₹ 5,00,000 as advance was payment on 15-11-2020, 2nd Instalment of ₹ 45,00,000 on 25-03-2021 and balance amount ₹ 13,00,000 on 11-05-2021. Determine the TDS liability for Mr. Ajay Sahu, if any, for A. Y. 2021 -22?
A. ₹ 2,50,000 B. ₹ 3,15,000 C. ₹ 65,000 D. Nil [ICAI Mock Test Paper: October 2020, 2 Marks]