Section 194R of the Income Tax Act mandates the deduction of tax at source (TDS) by any person providing benefits or perquisites to a resident. This obligation applies regardless of whether the benefit is taxable in the recipient's hands or under which specific section it falls. For comprehensive details and answers to common queries, consult the provided FAQ link.
20 June 2022
Section 194R casts an obligation on the person responsible for providing any benefit or perquisite to a resident, to deduct tax at source. There is no further requirement to check whether the amount is taxable in the hands of the recipient or under which section it is taxable.