Income to be declared under which for perquisites u/s 194R from Co.

Income to be declared under which for perquisites u/s 194R from Co. https://www.taxtmi.com/forum/issue?id=119519 Classification of a company-provided foreign trip hinges on nexus with the dealer's trade: when conferred in relation to purchases or other commercial dealings it constitutes business income; if purely personal and unconnected to commercial operations it constitutes income from other sources. The factual purpose and commercial nexus determine tax treatment despite the dealer's presumptive taxation status and lack of formal books. en-us Wed, 15 Jan 2025 13:00:14 +0530 Sat, 08 Feb 2025 18:24:43 +0530 TaxTMI RSS Generator Income to be declared under which for perquisites u/s 194R from Co. https://www.taxtmi.com/forum/issue?id=119519 Classification of a company-provided foreign trip hinges on nexus with the dealer's trade: when conferred in relation to purchases or other commercial dealings it constitutes business income; if purely personal and unconnected to commercial operations it constitutes income from other sources. The factual purpose and commercial nexus determine tax treatment despite the dealer's presumptive taxation status and lack of formal books. Discussion-Forum Income Tax Wed, 15 Jan 2025 13:00:14 +0530 https://www.taxtmi.com/forum/issue?id=119519