81. Mr. Ramesh, Mr. Mahesh and Mr. Suresh, jointly owned a flat in Mathura, which was let out to Dr. Rajesh from 01.04.2020. The annual rent paid by Dr. Rajesh for the flat was 5,40,000, credited equally to each of their account. Mr. Rajesh approached his tax consultant to seek clarity in relation to deduction of tax on payment of the rent. He informed his consultant that he occupied such flat for his personal 31 accommodation and his receipts from his profession during the previous year 2019-20 was 58 lakhs. As tax consultant, choose the correct answer - (a) No tax at source is required to be deducted since the rental payments are towards flat occupied for personal purpose (b) Tax is required to be deducted at source since the rent payment exceeds 2,40,000 and Dr. Rajesh is an individual having gross receipts from profession exceeding * 50 lakh in the preceding financial year. (c) No tax is required to be deducted at source since the rent credited to each co-owner is less than 2,40,000 (d) No tax is required to be deducted at source since Dr. Rajesh's gross receipts during the preceding financial year were less than 1 crore