Taxation - Income TaxMCQQuestion 6072 of 146
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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.

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — On 18-05-2024: Nil, On 11-03-2025:₹ 10,000

All 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 (2 Marks)

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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