MCQOPTIONS
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| 1. |
State Government pays commission of Rs.20, 000/- to one of its agent on sale ofLottery Tickets. |
| A. | TDS is required to be made @ 5% on any amount paid as commission for sale of lottery tickets |
| B. | TDS is required to be made @ 5% if commission to a single person in a F.Y. exceeds 15,000/- |
| C. | TDS is required to be made @ 5% if commission to a single person in a F.Y. exceeds 30,000/- |
| D. | TDS shall not be deducted as payment is made by State Government |
| Answer» C. TDS is required to be made @ 5% if commission to a single person in a F.Y. exceeds 30,000/- | |