Tax deduction on benefits or perquisites clarified to include cash, in kind, or mixed benefits under the income-tax provision. Amendment clarifies that the withholding obligation under sub-section (1) of section 194R applies to any benefit or perquisite provided to a resident, ... Summary
Tax deduction on benefits or perquisites clarified to include cash, in kind, or mixed benefits under the income-tax provision.
Amendment clarifies that the withholding obligation under sub-section (1) of section 194R applies to any benefit or perquisite provided to a resident, whether in cash, in kind, or partly in cash and partly in kind, requiring the person responsible to ensure tax is deducted before providing such benefit or perquisite.
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