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Section 194R

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Section 206AB: Special provision for deduction of TDS for non-filers of ITR

Income Tax : Explore Section 206AB of Income Tax Act, imposing higher TDS rates for specified persons not filing ITR. Learn conditions, rates, ...

December 6, 2023 3621 Views 0 comment Print

GST Implications on Section 194R Transactions: Analysis & Benefits

Goods and Services Tax : Explore the GST impact on transactions under Income Tax Section 194R. Analyzing benefits, taxation, and considerations for busines...

December 5, 2023 9456 Views 1 comment Print

Understanding Section 194R: Challenges, Guidelines and Solutions

Income Tax : Explore the practical challenges and guidelines of Income-tax Act's Section 194R introduced in 2022. Learn how to navigate complex...

November 18, 2023 2241 Views 0 comment Print

Kamal Hassan has no TDS obligation but Kalanithi Maran has TDS obligation?

Income Tax : An in-depth analysis of TDS obligations in the entertainment industry - Kamal Hassan and Kalanithi Maran's gifting scenarios under...

October 30, 2023 19572 Views 2 comments Print

Understanding Section 194R: TDS on Business and Professional Benefits

Income Tax : Learn about Section 194R for TDS on benefits or perquisites from business or profession, rates, exceptions, guidelines, and more. ...

October 22, 2023 2727 Views 0 comment Print

Latest Notifications

CBDT issues Additional Guidelines For TDS under section 194R

Income Tax : Additional Guidelines for removal of difficulties under section 194R(2) of Income-tax Act, 1961 - Circular No. 18/2022-Income Tax...

September 13, 2022 55839 Views 1 comment Print

CBDT notifies revised/new TDS Returns for TDS under section 194R, 194S


June 21, 2022 21033 Views 1 comment Print

Section 194R of Income-tax Act, 1961 – Guidelines & FAQs

Income Tax : CBDT issued Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961 vide Circula...

June 16, 2022 134916 Views 0 comment Print

TDS on Benefit or Perquisite under section 194R

July 2, 2022 5103 Views 0 comment Print

Understanding TDS on Benefit or Perquisite under section 194R of the Income Tax Act. Learn about the new tax requirements and deductions for business or profession income.

Section 194R TDS on Benefits or Perquisites under Income Tax Act 1961

July 2, 2022 24195 Views 0 comment Print

Understanding Section 194R TDS on Benefits or Perquisites under Income Tax Act 1961. Learn about its objectives, implementation, and impact on tax base.

Valuation under Section 194R – A Vexed Question!

July 1, 2022 3783 Views 0 comment Print

Understanding the complexities of valuation under Section 194R. Learn about the challenges and implications of tax deduction at source (TDS) in non-cash transactions.

Section-194R-Deduction of Tax on Benefit or Perquisite

July 1, 2022 5292 Views 0 comment Print

Learn about Section-194R and the deduction of tax on benefits or perquisites in respect of business or profession. Understand the provisions, applicability, and key issues related to this section.

Brief Practical Guide on Implementation of Section 194R TDS on Benefit or Perquisite W.E.F 1-7-2022

June 30, 2022 10218 Views 0 comment Print

Understanding the implementation of Section 194R TDS on benefit or perquisite. Learn about the legal provisions and tax rates effective from July 2022.

New TDS Provisions (Section 194R & 194S) applicable from 01.07.2022

June 30, 2022 52038 Views 1 comment Print

New TDS Provisions (Section 194R and section 194S of Income-tax Act, 1961) are applicable from 01.07.2022.and inserted vide Finance Act 2022.

Summary of TDS under section 194R and FAQ’s by CBDT

June 30, 2022 3201 Views 0 comment Print

Section 194R would mandate a person to deduct tax at source at 10% on providing any benefit or perquisite, whether convertible into money or not, to a resident arising during the course of business or profession.

Section 194R TDS on benefit or perquisite of a business or profession

June 29, 2022 276969 Views 7 comments Print

Understanding Section 194R TDS: Learn about the tax implications of receiving benefits or perquisites in business or profession.

TDS under Section 194R – Brief Analysis

June 28, 2022 36396 Views 3 comments Print

From 1st July, 2022, Section 194R will be applicable which states deduction of tax on benefit or perquisite in respect of business or profession i.e. TDS on benefit or perquisites given. It is a general practice in many industries to gift cars, luxurious trips, laptops, mobile etc. as a gift for achieving targets or as […]

Section 194R provisions in a simplified manner with related FAQ’s

June 28, 2022 40671 Views 6 comments Print

The Finance Act, 2022 had inserted a new section 194R to the Income Tax Act, 1961 providing for deduction of tax at source (TDS) @ 10% on the benefit or perquisite paid to a resident businessman or professional arising from its business or profession, and the provision of this section is applicable from 1st July, 2022.