Under Sec 194 1B of the Income Tax Act 1961 an...

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Under Sec. 194 1B of the Income Tax Act, 1961 an individual or HUF (who is not required to get his accounts audited u/s 44 AB) who is responsible for paying to a resident any rent, shall deduct income tax, for the use of any land and building or both, if the rent exceeds:

A. 50,000 per month

B. 15,000 per month

C. 25,000 per month

D. 40,000 per month

Answer: Option A


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