Explore the latest insights on TDS under section 194R through a detailed analysis of new clarifications issued on 13th Sept. 2022 in Circular No. 18 of 2022-Income Tax. Uncover provisions, applicability, and nuances related to TDS on Business Promotion Expenses, addressing questions on various benefits, perks, and scenarios. Stay informed on the effective date and key considerations for compliance with the amended provisions.
Stay updated with the latest MCA Notification (No. G.S.R. 700(E) dated 15th September, 2022) revising the limits of paid-up capital and turnover for small company status. The new limits are set at ₹4 crore for paid-up capital and ₹40 crore for turnover. Note that these changes are effective immediately from 15th September 2022, but the previous limits apply for annual filing related to F.Y. 2021-22.
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