https://www.taxtmi.com/article/detailed?id=10477 Section 194R requires the person providing any benefit or perquisite arising from a resident's business or profession to deduct tax at source at ten percent of the benefit's value before providing it; valuation is generally at fair market value (excluding GST) with specified purchase-price and invoiced-price exceptions, a twenty-thousand-rupee annual de minimis threshold per resident, and turnover-based exemptions for small individual/HUF providers. Where cash is insufficient to meet withholding, the recipient may pay advance tax and furnish challan proof or the provider may pay (which itself becomes a taxable benefit requiring gross-up). en-us Wed, 22 Jun 2022 10:27:56 +0530 Wed, 22 Jun 2022 10:27:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10477 Section 194R requires the person providing any benefit or perquisite arising from a resident's business or profession to deduct tax at source at ten percent of the benefit's value before providing it; valuation is generally at fair market value (excluding GST) with specified purchase-price and invoiced-price exceptions, a twenty-thousand-rupee annual de minimis threshold per resident, and turnover-based exemptions for small individual/HUF providers. Where cash is insufficient to meet withholding, the recipient may pay advance tax and furnish challan proof or the provider may pay (which itself becomes a taxable benefit requiring gross-up). Articles Income Tax Wed, 22 Jun 2022 10:27:56 +0530 https://www.taxtmi.com/article/detailed?id=10477