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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 3957 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 10839 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 2424 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 19656 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 3594 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 56304 Views 1 comment Print

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


June 21, 2022 21303 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 135969 Views 0 comment Print

Applicability of TDS under Section 194R from 01/07/2022

June 1, 2022 77145 Views 11 comments Print

Analyze Section 194R of the Income Tax Act, 1961 and its applicability from 01/07/2022. Learn about TDS on benefits or perquisites for different types of assesses.

Section 194R TDS – Analysis

June 1, 2022 84462 Views 13 comments Print

Understanding Section 194R TDS – Analysis: Learn about the new tax deduction requirement proposed in the Finance Bill 2022 for business and professional benefits exceeding Rs. 20,000.

Junkets & Corporate Gifts are under lens of Income Tax Authorities in light of Section 194R

May 23, 2022 3087 Views 1 comment Print

Uncover the impact of Section 194R on junkets and corporate gifts. Learn how income tax authorities are scrutinizing these expenses.

Section 194R Income Tax Act: TDS on benefits or perquisite

May 3, 2022 26193 Views 1 comment Print

Understanding Section 194R of the Income Tax Act: Learn about the new TDS provision for benefits and perquisites provided in cash or kind above 20000/-.

All about New TDS Section 194R and Section 194S

February 26, 2022 162252 Views 4 comments Print

All You Wish to Know about New TDS Sections 194R, 194S & Much More The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022. Looking at the swift pace, with which the new TDS sections, are being inserted by the […]

Section 194R TDS & its Impact on Large & Small Businesses

February 15, 2022 128145 Views 0 comment Print

Provisions under section 194R of Income Tax Act, 1961 The new TDS u/s 194R on Business Promotion Expenses shall be applicable as follows – In the recent budget 2022 in Income Tax, it is proposed to impose a TDS on business promotion expenditure expended by an organisation. It has far reaching implications even in the […]

Analysis of Section 194R of Income Tax Act

February 10, 2022 28500 Views 4 comments Print

Analysis of applicability of section 194R Finance Bill 2022 has proposed to insert Section 194R in the Income Tax Act, 1961 (“Act”). As per the memorandum explaining the provisions in the Finance Bill, this change shall take effect from 1st July 2022, though the section has been inserted from 1st April 2022 itself. In this […]

Budget 2022- Stretches its TDS tentacles to widen tax base

February 10, 2022 9615 Views 7 comments Print

TDS, as a concept, was introduced under Income-tax Act by the government to collect income at its very source itself rather than waiting for the taxpayers to pay tax. This enables ease of tax collection, tracking, and gathering of information during the year in which transaction is carried instead of waiting for the assessment to be conducted.

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

February 9, 2022 7953 Views 5 comments Print

In the Finance Bill, 2022, government has inserted a new section in The Income Tax Act, 1961, Section 194R applicable w.e.f 01st July, 2022 with an objective of bringing into a tax, all those benefits or perquisites which a person receives during the course of business or profession but do not discloses the same in […]

The Tale of ‘Arth’, ‘Shashtri’ and the ‘New TDS on Perks’

February 6, 2022 3399 Views 0 comment Print

This section 194R requires deduction of tax at source @ 10%, by any person, providing any benefit or perquisite, exceeding Rs. 20,000 in value, in a year, to a resident, and such benefit or perquisite arise from the business or profession of such resident.

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