Q. Mr.Marshal owned network of telecom towers and infrastructure services. He let out these to major telecom operators of the country. He applied u/s. 197 for obtaining a certificate of lower deduction of tax. As per the Judgment of Indus Towers Ltd. Vs CIT (2014)(Del.) at what rate Tax shall be deducted (Solved)
1. 1% u/s 194C
2. 10% u/s 194I
3. 2% u/s 194I
4. 0.5% u/s 194C
- c. 2% u/s 194I