1.

State the provisions regarding deduction of tax at source in respect of the following payments: (a) Rent(b) Winning from lottery

Answer»

The provisions regarding deduction of tax at source are as follows:

PaymentSectionThreshold LimitRate of TDS
(a)Rent194IRs. 1,80,000/-- For Plant and Machinery or Equipment 2% - For Others 10%
(b)Winning from Lottery194BRs. 10,000/-30/-


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