Q.
1
Assertion (A): If the interest is payable outside India, tax must be deducted at source.
Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income.
-
A
Both (A) and (R) are correct and (R) is the correct explanation of (A).
-
B
Both (A) and (R) are correct but (R) is not the correct explanation of (A).
-
C
(A) is correct but (R) is wrong
-
D
(A) is wrong but (R) is correct