https://www.taxtmi.com/acts?id=40527 Section 194R requires the person responsible for providing to a resident any benefit or perquisite arising from business or profession to ensure tax is deducted on the value or aggregate value of such benefit before providing it; where benefits are wholly or partly in kind and cash is insufficient, tax must be paid before release. The obligation excludes benefits whose annual aggregate value to a resident does not exceed twenty thousand rupees and excludes individuals or Hindu undivided families whose prior-year turnover or gross receipts fall below the specified business or profession thresholds. "Person responsible for providing" includes the provider and, for a company, the company including its principal officer. en-us Tue, 01 Feb 2022 15:59:52 +0530 Thu, 31 Mar 2022 17:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40527 Section 194R requires the person responsible for providing to a resident any benefit or perquisite arising from business or profession to ensure tax is deducted on the value or aggregate value of such benefit before providing it; where benefits are wholly or partly in kind and cash is insufficient, tax must be paid before release. The obligation excludes benefits whose annual aggregate value to a resident does not exceed twenty thousand rupees and excludes individuals or Hindu undivided families whose prior-year turnover or gross receipts fall below the specified business or profession thresholds. "Person responsible for providing" includes the provider and, for a company, the company including its principal officer. Act-Rules Bills Tue, 01 Feb 2022 15:59:52 +0530 https://www.taxtmi.com/acts?id=40527