Income Tax : The document explains that deduction under Section 194R is required even without examining whether the benefit is taxable in the r...
Income Tax : Dealer incentives like tour packages are taxable as business income under the new law. If TDS is borne by the payer, it must be ad...
Income Tax : The law taxes business/professional benefits via 10% TDS, even for non-cash perks. The key takeaway is tax must be ensured before ...
Income Tax : Understand the penalties, interest, and disallowance of expenditure under Section 201 for failure to comply with TDS provisions in...
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 : Learn about the tax implications on haircuts taken by banks and creditors for companies resolved under the Insolvency and Bankrupt...
Income Tax : Madras HC stayed recovery of Section 271C penalty on payment of Rs.4 crore, noting a prima facie case based on the Supreme Court's...
Income Tax : ITAT Bangalore held that assets received for testing purpose and there is no specific benefit that arises to the assessee with res...
Income Tax : The Bombay High Court stayed orders treating PCMC as an assessee in default for not deducting TDS on issuance of TDRs, holding tha...
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...
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.
Get insights on Section 194R TDS implementation: understand the impact, issues, and challenges for trade and industry. Stay informed about the new TDS provisions.
Understanding Section 194R of the Income Tax Act – TDS on benefits or perquisite provided. Stay compliant with the new TDS regulations.
Understand the new section 194R of the Income-tax Act, 1961. Learn about TDS on perquisites or benefits for business or profession.
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 Vide Notification No. 67/2022-Income Tax (Income-tax (19th Amendment) Rules, 2022) CBDT amended Income Tax Rule 30 and 31A, Inserted new Form No. 16E – Certificate under section 203 of the […]
Understand the tax implications of distributing gifts and incentives to distributors/dealers. Learn about GST and TDS regulations in promotional activities.
Understand the impact of the CBDT circular on TDS on benefits or perquisites u/s 194R. Learn about the new section 194R and its implications on tax deductions.
Understand the new TDS section 194R of Income Tax Act and its impact on perquisites or benefits on business and professions.
Understand the implications of Section 194R TDS on benefits and perquisites in business. Learn about the rates, thresholds, and deductions.
Understanding the intricacies of Section 194R – TDS on benefits and perquisites. Get insights into the latest CBDT clarifications and applicability.
