7. 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.
Options
AOn 18-05-2024: Nil, On 11-03-2025:` 10,000
BOn 18-05-2024: ` 20,000, On 11-03-2025: ` 1,00,000
COn 18-05-2024: ` 20,000, On 11-03-2025: ` 55,000
DOn 18-05-2024: Nil, On 11-03-2025: ` 40,000
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