2025年3月11日 · Scope Of Section 194R. The TDS to be charged under Section 194R is 10%, which will come into effect from July 1, 2022. It applies only to resident recipients (receivers) of benefits or perquisites.

2022年6月22日 · TDS u/s 194R is to be deducted on fair market value of the benefit or perquisite, however if deductor has purchased the benefit/perquisite before providing it to the recipient. In that case, the purchase price (Actual cost) shall be the value for such benefit/perquisite.

2023年1月9日 · Explore the comprehensive guide to the new TDS Section 194R of the Income Tax Act effective from July 1, 2022. Understand its applicability, time of deduction, TDS rate, and non-applicability conditions.

2022年6月29日 · The Finance Act, 2022 introduced a new Section 194R under the Income-tax Act to provide for deduction of tax at source in respect of benefit or perquisite provided to a resident person. Let’s understand the law on Section 194R. 1. Who is …

2023年4月20日 · Section 194R of the Income-tax Act mandates the deduction of TDS (Tax Deducted at Source) on any benefit or perquisite, whether in cash or kind, provided to a resident arising from their business or profession. The TDS liability is triggered if the aggregate value of such benefits or perquisites exceeds ₹20,000 in a financial year.

2022年6月16日 · Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1St July 2022.

2024年5月16日 · Section 194R was introduced to address the issue of tax evasion on benefits and perquisites offered by businesses and professionals. Previously, such benefits, often provided in-kind, could be claimed as business expenses, potentially leading to under-reporting of income.