20
June
0
Comments
Key points on deduction of tax at source under Section 194R of Income Tax Act, 1961
The Finance Act, 2022 had inserted a new section 194R to the Income-tax Act, 1962 providing for deduction of tax at source (TDS) on benefit or perquisite in respect of business or profession. TDS under section 194R is applicable with effect from 01-07-2022.
A brief analysis on section 194R is attached herewith to understand the provisions of the section. Hope this analysis is both timely and useful. Let us know for any concerns in this note.
Please click the below link to read / download the article.