Pear Parking Plaza Ltd. has leased out one of its parking spaces to M/s Greater Park & Co., a partnership firm, for 50,000 per month on…

Pear Parking Plaza Ltd. has leased out one of its parking spaces to M/s Greater Park & Co., a partnership firm, for 50,000 per month on 01.05.2024 and received 6 months' lease rent in advance on the same date and rest on monthly basis from November, 2024 to March, 2025. It has also given another larger parking space to DP Park Ltd., a public sector company, on lease of 1,00,000 per month from 01.06.2024 which debits lease rent in its accounts at the end of each month but payment is made at the year-end only i.e. on 31.03.2025. You are required to determine the amount of tax to be collected at source by Pear Parking Plaza Ltd.