Web10 Apr 2024 · Deduction of TDS under section 194-R on Benefits or Perquisites arising from business or profession; Taxability of such benefits or perquisites under section 28(iv) of the Income-tax Act; It covers a unique compliance-oriented & legal approach, along with the following: Illustrative Case Studies on Deduction of TDS under various scenarios WebSection 194-I: Rent a) Plant & Machinery 2 b) Land or building or furniture or fitting. 10. Section 194-IA: Payment on transfer of certain immovable property other than agricultural …
Section 194R of Income-tax Act, 1961 – Guidelines & FAQs
Web25 Jun 2024 · The Central Board of Direct Taxes brought guidelines for removal of difficulties under sub-section (2) of section 194R of the Income Tax Act, 1961 on 16/06/2024 vide circular No. 12 of 2024. There are certain points where the CBDT has given guidelines which are contrary to the decision of Apex Court. Circulars or instructions do … Web18 Jun 2024 · Section 194R casts an obligation on the person responsible for providing any benefit or perquisite to a resident, to deduct tax at source. There is no further requirement to check whether the amount is taxable in the hands of the recipient or under which section it is taxable. 2. Provision applicable even if benefit or perquisite is paid in cash gaz sous vide
A Complete Analysis of Section 194R of Income Tax- [Updated]
Web20 Jan 2024 · The Finance Act, 2024 inserted a new section 194R in the Income Tax Act, 1961 with effect from 1 July 2024. The new section requires deduction of tax at source at … WebSection - 194J. Fees for professional or technical services. 6 Record (s) Page [1 of 1] in 0.046 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & RULES. … Web20 Jun 2024 · Section 194R of IT Act: TDS on perquisites or benefits on business & professions CA Piyush Agarwal , 20 June 2024 Share Union Budget 2024, a new TDS section 194R, has been proposed in the Finance Bill 2024, w.e.f. 01st July 2024. Purpose for Introducing of Sec 194R gaz soufré