Query Related TDS Deduction Section 194-R
This query is : Resolved
03 May 2023
Suppose X person works in ABC LTD. Who give Gift a Mobile of Rs. 1,00,000/- to Y person Who works in XYZ ltd. So, here this Transaction is fall under new TDS section of 194-R.
1. TDS need to Deduct of XYZ LTD / Mr. Y ?
Please also mention Reason to better understand.
1. TDS need to Deduct of XYZ LTD / Mr. Y ?
Please also mention Reason to better understand.
03 May 2023
Here XYZ gives benefit to MR. Y of amount Rs. 1 lakh.
So, XYZ will deduct TDS (or ask for such amount from Mr. Y) and pay it to treasury.
So, XYZ will deduct TDS (or ask for such amount from Mr. Y) and pay it to treasury.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- ARCA LOGIN
- RCM and same line
- Import of Capital Machine
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
