Options
- A
Average rate of 22.5%
- B
25%
- C
20%
-
The withholding tax rate as applicable
Correct answer
Why this is the answer
Taxation depends on the prevailing rate specified in the Income Tax Act and the applicable DTAA; the actual withholding tax rate applies accordingly.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.