Section 194R – Deduction of tax on benefit or perquisite in respect of business or profession
– CA Puja Agarwal
In its further endeavour to curb the tax evasion, the Finance Ministry has introduced a new TDS provision via Finance Act, 2022, which pertains to the deduction of tax on benefits and perquisites in respect of business and profession.
According to the memorandum, the explanation of the Finance Bill, the below-mentioned aspects has been provided regarding Section 194R-
According to clause (iv) of section […] Read More >>