Goods and Services Tax : Section 194R mandates 10% TDS on benefits over ₹20,000 annually. Learn its impact on accounting, compliance, and the challenges ...
Income Tax : Explore the implications of TDS on expense reimbursements post-Section 194R implementation and understand the invoicing criteria....
Income Tax : Discover Section 194R introduced by the Finance Act 2022, detailing TDS requirements on benefits or perquisites provided to reside...
Income Tax : Understand the interpretation of 'arising from business or the exercise of a profession' for Section 194-R of the Income Tax Act. ...
Income Tax : Explore Section 206AB of Income Tax Act, imposing higher TDS rates for specified persons not filing ITR. Learn conditions, rates, ...
Income Tax : Learn about the tax implications on haircuts taken by banks and creditors for companies resolved under the Insolvency and Bankrupt...
Income Tax : The assessee is a wholly owned subsidiary of Samsung Electronics Company Ltd. The assessee filed the return of income for AY 2015-...
Income Tax : Additional Guidelines for removal of difficulties under section 194R(2) of Income-tax Act, 1961 - Circular No. 18/2022-Income Tax...
Income Tax : AMENDMENT TO RULE 30, 31, 31A AND FORM 26Q, 26QB, 26QC AND 26QD AND INSERTION OF NEW FORM 16E AND 26QE TO INCOME TAX RULES, 1962 V...
Income Tax : CBDT issued Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961 vide Circula...
Learn about Section 194R for TDS on benefits or perquisites from business or profession, rates, exceptions, guidelines, and more. Stay tax-compliant with our guide.
Understand Section 194R TDS implications on benefits or perquisites in business or profession from July 1, 2022. Check our comprehensive guide on compliance, rates, and exemptions. Stay informed to avoid penalties.
Learn about TDS provisions in the Income Tax Act, including Section 194N, 1940, 194P, 194Q, 194R, 194S, 206C(1G), 206AB, and 206CCA. Stay compliant and avoid penalties.
It is proposed to amend section 271C inserting two new sub-clauses under clause (b) in sub-section (1) providing reference to the first proviso to section 194R and the first proviso to section 194S. Similar amendments are also proposed in section 276B.
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. Delve into the clarification provided by the Central Board of Direct Taxes (CBDT) through circulars, addressing various scenarios and frequently asked questions (FAQs). Stay informed and compliant with the latest tax regulations on deduction of tax on benefits or perquisites related to business or profession.
Understanding the new TDS on benefits and perquisites u/s 194R introduced in the Finance Act, 2022. Learn about the 10% TDS deduction and its applicability.
Understand TDS under Section 194R as per CBDT guideline. Learn about the 10% TDS deduction on benefits provided in business or profession.
Understand Section 194R of the Income Tax Act, 1961. Learn about the obligation to deduct tax at source on benefits provided to residents.
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.
Explore the additional guidelines under Section 194R of the Income Tax Act, 1961 introduced by the Finance Act 2022. Learn about TDS, criteria, and exemptions. Delve into CBDT Circular 18 of 2022, covering aspects like loan settlement, expenses incurred by a pure agent, out-of-pocket expenses, group activities, and more. Stay informed on TDS exemptions for specific organizations and on bonus or right shares issued by companies with public interest. Stay compliant and make informed financial decisions.
