When a motor car is sold for Rs.12 lakhs by a dealer to a buyer holdin – McqOptions

MCQOPTIONS

1.	When a motor car is sold for Rs.12 lakhs by a dealer to a buyer holding PAN, the amount of tax collectible as source shall be _______ .
A.	Rs.12,000 (1%)
B.	Rs. 24,000 (2%)
C.	Rs. 1,20,000(10%)
D.	NIL
Answer» B. Rs. 24,000 (2%)

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