Varun Ltd. paid fees for technical services outside India of ₹ 6 lakh and omitted to deduct tax at source and such omission continued till the ‘due date’ for filing the return of income specified in Section 139( 1). He is not an assessee in default as per first proviso to sub-section (1) of section 201. The amount of expenditure available for disallowance would be
A. ₹ Nil
B. ₹ 6,00,000
C. ₹ 1,20,000
D. ₹ 1,80,000.
Answer:A
Varun Ltd. paid fees for technical services outside India of ₹ 6 lakh and omitted to deduct tax at source and such omission continued till the ‘due date’ for filing the return of income specified in Section 139( 1). He is not an assessee in default as per first proviso to sub-section (1) of section 201. The amount of expenditure available for disallowance would be
A. ₹ Nil B. ₹ 6,00,000 C. ₹ 1,20,000 D. ₹ 1,80,000.