https://www.taxtmi.com/manuals?id=1922 Section 194R requires any person providing a resident with a benefit or perquisite arising from business or profession to ensure tax is deducted at source before providing the benefit. If the benefit is wholly in kind or partly in cash where cash is insufficient to cover the withholding, the provider must ensure the tax has been paid before release. The statutory deduction rate is 10% of the value or aggregate value. Specified de minimis and turnover-based exemptions apply, and CBDT guidance addresses valuation, reimbursements, capital assets, discounts, and related practical issues. en-us Wed, 18 Jan 2023 17:18:00 +0530 Fri, 19 Apr 2024 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1922 Section 194R requires any person providing a resident with a benefit or perquisite arising from business or profession to ensure tax is deducted at source before providing the benefit. If the benefit is wholly in kind or partly in cash where cash is insufficient to cover the withholding, the provider must ensure the tax has been paid before release. The statutory deduction rate is 10% of the value or aggregate value. Specified de minimis and turnover-based exemptions apply, and CBDT guidance addresses valuation, reimbursements, capital assets, discounts, and related practical issues. Manuals Income Tax Wed, 18 Jan 2023 17:18:00 +0530 https://www.taxtmi.com/manuals?id=1922