Newsletter/Booklets 1st Feb 2023

Budget Buzz – TDS u/s 194R on advantage or perquisites allowed

Authors

Mitesh Jain Partner | Mumbai
Rahul Charkha Partner | Pune

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Our next Budget Buzz talks about proposal on TDS u/s 194R on advantage or perquisites allowed.

The Budget 2023, proposed to clarify that withholding tax under Section 194R of the IT Act is applicable whether the perquisite received is in cash or in kind or partly in cash and kind.

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