Mr. Shivam, a resident individual, has made following payments to M/s ABC Ltd. to purchase overseas tour programme packages: (i) 4 lakhs on…
CA Intermediate · Taxation · PYQS · May 2025
Mr. Shivam, a resident individual, has made following payments to M/s ABC Ltd. to purchase overseas tour programme packages: (i) 4 lakhs on 18-05-2024 to visit New York, USA. (ii) 5 lakhs on 11-03-2025 to visit London, UK. Compute the amount of tax required to be collected u/s 206C(1G) by M/s ABC Ltd. assuming Mr. Shivam has furnished a valid PAN.
Suggested Answer and Working Notes:
Correct Answer: Option (C)
On 18-05-2024:20,000, On 11-03-2025:55,000
Topics: Paper 3A: Income Tax Laws
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