Under section 206C of the Income-tax Act, 1961, a seller is supposed to collect income tax from the buyer in respect of sale of the following goods:
A. Motor Vehicle of the value between ₹7,00,000 - ₹9,00,000
B. Alcoholic liquor for human consumption
C. Electronic items of the value between ₹10,00,000 - ₹15,00,000
D. Timber obtained under a forest lease
E. Minerals, being coal or lignite or iron ore
Choose the correct answer from the options given below:
1
A, C & E Only
2
B, D & E Only
3
A & C Only
4
B & E Only