CBDT issues guidelines for removal of difficulties under Section 194R

Last updated: 17 June 2022

Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as the Act) with effect from 1st July 2022. The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @ 10% of the value or

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Attached File : 40_21490_circular_no_12_2022.pdf

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