Amendment of section 194R.

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Full Text of the Document

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....provisions of sub-section (1) shall apply to any benefit or perquisite, whether in cash or in kind or partly in cash and partly in kind.". - Clause 86 of the Bill seeks to amend section 194R of the Income-tax Act relating to deduction of tax on benefit or perquisite in respect of business or profession. Sub-section (1) of the said section provides that any person responsible for providing to a....