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.
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