194R income

194R section me hamare ek clint ko 260000 receipts aye hain isko kahan dikhaye sir ITR ME Gift me dikhaye ya other income me 10% tds deducte huwa hai
Replies (4)
Quick Summary
A client has received £260,000 under Section 194R, and the query is about the correct place to declare this in their Income Tax Return (ITR). The consensus is to declare it under 'perquisites received' within the 'Income from Business/Profession' section, especially since a 10% TDS has already been deducted.

Add it to perquisites received under business/PGBP.

The amount of the benefit/perquisite should be declared under the "Income from Business/Profession.

Thank u sir

Most Welcome.                       

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