https://www.taxtmi.com/article/detailed?id=10343 Amendments revise withholding on immovable property by applying tax on the higher of consideration or stamp duty value for non agricultural property subject to a threshold; clarify that landlord withholding under higher rate rules is capped by last month's rent. New Section 194R requires withholding on benefits or perquisites arising from business or profession, with payer obligations where benefits are in kind and limited exclusions for small recipients and small taxpayers; the Board may issue binding guidelines. New Section 194S requires withholding on consideration for transfer of virtual digital assets, addresses in kind settlements, defines specified person exemptions, and permits Board guidelines. en-us Thu, 07 Apr 2022 10:02:55 +0530 Thu, 07 Apr 2022 10:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10343 Amendments revise withholding on immovable property by applying tax on the higher of consideration or stamp duty value for non agricultural property subject to a threshold; clarify that landlord withholding under higher rate rules is capped by last month's rent. New Section 194R requires withholding on benefits or perquisites arising from business or profession, with payer obligations where benefits are in kind and limited exclusions for small recipients and small taxpayers; the Board may issue binding guidelines. New Section 194S requires withholding on consideration for transfer of virtual digital assets, addresses in kind settlements, defines specified person exemptions, and permits Board guidelines. Articles Income Tax Thu, 07 Apr 2022 10:02:55 +0530 https://www.taxtmi.com/article/detailed?id=10343