Q. When a motor car is sold for Rs.12 lakhs by a dealer to a buyer holding PAN, the amountof tax collectible as source shall be _______ . (Solved)

1. Rs.12,000 (1%)

2. Rs. 24,000 (2%)

3. Rs. 1,20,000(10%)

4. NIL

  • a. Rs.12,000 (1%)
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