Andhra Traders a partnership firm paid 1800 as contract charges to AKP & Co. (Firm). No tax was deducted at source for the above said payment. The amount liable for disallowance under section 40a(ia) for the assessment year 2020-21 is, if he is an assessee in default u/s 201(1)
A. Nil
B. ₹ 80,000
C. ₹ 40,000
D. ₹ 24,000
Answer:D
Andhra Traders a partnership firm paid 1800 as contract charges to AKP & Co. (Firm). No tax was deducted at source for the above said payment. The amount liable for disallowance under section 40a(ia) for the assessment year 2020-21 is, if he is an assessee in default u/s 201(1)
A. Nil B. ₹ 80,000 C. ₹ 40,000 D. ₹ 24,000