Air India Ltd. has paid an amount of Rs 20 lakhs on 1.4.2020 t | Apna Mentor CA Final
Air India Ltd. has paid an amount of Rs 20 lakhs on 1.4.2020 to Airports Authority of India towards landing and parking charges for the month of April, 2020. Which of the following statements is correct?
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14%
No tax is deductible at source on such payment
48%
Tax is deductible at source@2% u/s 194C on such payment
23%
Tax is deductible at source@1.5% u/s 194C on such payment
14%
Tax is deductible at source@7.5% u/s 194-I on such payment
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