2 MarksMAY 2025Inter
Mr. Shivam, a resident individual, has made following payments to M/s ABC Ltd. to purchase overseas tour programme packages: (i) 4 lakhs on 18-05-2024 to visit New York, USA. (ii) 5 lakhs on 11-03-2025 to visit London, UK. Compute the amount of tax required to be collected u/s 206C(1G) by M/s ABC Ltd. assuming Mr. Shivam has furnished a valid PAN.
A
(A) On 18-05-2024: Nil, On 11-03-2025:₹10,000
B
(B) On 18-05-2024: ₹20,000, On 11-03-2025: ₹ 1,00,000
C
(C) On 18-05-2024: ₹20,000, On 11-03-2025: ₹55,000
D
(D) On 18-05-2024: Nil, On 11-03-2025: ₹40,000