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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 3624 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 9483 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 2244 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 2736 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 55842 Views 1 comment Print

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

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...

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 134934 Views 0 comment Print


TDS under section 194R Circular – a few observations

June 28, 2022 15879 Views 1 comment Print

The Finance Act, 2022 has inserted w.e.f. 1-7-2022 a new TDS section 194R for deduction of tax @ 10%, on any benefit or perquisite, arising from business or profession, of a resident. CBDT in its Circular no. 12 of 2022 dated 16 June 2022 has come out with the guidelines in the form of Q&As […]

New Section 194R TDS Provision – Ease of Doing Business?

June 27, 2022 2277 Views 0 comment Print

Understanding the new section 194R TDS provision in the Income Tax Act. Learn about the impact on doing business and the requirement for tax deduction.

Implications arising under new Section 194R of Income Tax Act

June 27, 2022 2544 Views 0 comment Print

Understand the impact of the new Section 194R of the Income Tax Act introduced in 2022. Explore applicability, exceptions, and CBDT clarifications. Prepare for tax compliance and navigate potential complexities.

Section 194R: TDS on Benefits or Perquisites, arising out of Business or Profession

June 25, 2022 46377 Views 3 comments Print

The new section 194R mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source before providing such benefit or perquisite. The benefit or perquisite may or may not be convertible into money but should arise either from carrying out of business, or from exercising a profession, by such resident.

TDS on Benefits and Perquisites – Section 194R

June 25, 2022 2637 Views 0 comment Print

Understand how Section 194R impacts benefits and perquisites. Learn about the new TDS requirements from the Govt starting July 2022.

Section 194R TDS on Benefits or Perquisite w.e.f. 01.07.2022

June 25, 2022 2196 Views 2 comments Print

Learn about the new Section 194R under the Income Tax Act, 1961. Find out the TDS rate and conditions for deducting TDS on benefits or perquisites.

Analysis: Section 194R TDS on benefit or perquisite in respect of business or profession

June 24, 2022 54153 Views 1 comment Print

Understanding the applicability of Section 194R of the Income Tax Act and its impact on benefits or perquisites in business or profession.

Section 194R TDS on Benefits/Perquisites/Gifts arising out of Business or Profession

June 24, 2022 44904 Views 2 comments Print

Understand Section 194R TDS on benefits, perquisites, and gifts in business or profession. Learn about the applicable rate, deduction limit, and who is liable.

It is an era of new regime of CBDT circulars after tax rates new regime

June 24, 2022 1821 Views 0 comment Print

Understanding the implications of the new CBDT circulars and the impact on tax rates in the new regime. Dive into the details and get a clear picture.

Section 194R TDS From 1st July 2022: Impact, Issues & Challenge

June 23, 2022 28446 Views 0 comment Print

Get insights on Section 194R TDS implementation: understand the impact, issues, and challenges for trade and industry. Stay informed about the new TDS provisions.