New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the provisions of section 194B, every

    person responsible for paying to any person, whether resident or non-resident, any income by way of winnings from lottery or crossword puzzle or card game and other game of any sort, is required to deduct income tax there from at the rate of ______ if the amount of payment exceeds ______.
    A 40%, Rs, 10,000 Correct Answer Incorrect Answer
    B 20%, Rs. 20,000 Correct Answer Incorrect Answer
    C 10%, Rs. 10,000 Correct Answer Incorrect Answer
    D 30%, Rs. 10,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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