Individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business exceeds ________ in case of business during the financial year immediately preceding the financial year in which such interest is credited or paid, shall be liable to deduct tax at source under Section 194A.
A. ₹ 25,00,000
B. ₹ 1,00,00,000
C. ₹ 15,00,000
D. ₹ 60,00,000
Answer:B
Individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business exceeds ________ in case of business during the financial year immediately preceding the financial year in which such interest is credited or paid, shall be liable to deduct tax at source under Section 194A.
A. ₹ 25,00,000 B. ₹ 1,00,00,000 C. ₹ 15,00,000 D. ₹ 60,00,000