Section 194R- Tax on Gifts & Perquisites

Author
View profile
Last updated: 14 March 2022
Quick Summary
This document explains Section 194R of the Income Tax Act, which mandates TDS (Tax Deducted at Source) on benefits and perquisites provided in the course of business or profession. It clarifies that TDS is applicable at 10% on the value of such benefits, whether in cash or kind, and outlines the responsibilities of the benefit provider. The document also details key points like the TDS rate, handling of payments in kind, and specific non-applicability conditions, including a threshold of Rs. 20,000 and exclusions for non-residents or businesses with low turnover. This information is crucial for businesses and professionals to ensure compliance with tax regulations.

File details
PDF 216 KB 0 downloads Income Tax
File description
All about tax on gifts and perquisites #pdf
Download PDF 216 KB Like
Submitted by · Posted 14 March 2022 · Other files by Pooja Prasad · Report
Comments

Recent Files in Income Tax

View more →
PDF

FAQs on TAN as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Tax Audit as per IT Act 2025

18 September 2026 Download
PDF

FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025

17 September 2026 Download
PDF

Withholding Tax Rates as per IT Act 2025

14 September 2026 Download
PDF

ICAI Releases Handbook on Residential Status for NRIs

10 September 2026 Download
PDF

User Manual of UDIN Portal for ICAI DigiCA Platform

01 September 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Sai KrishnaSai KrishnaPro Member Murugan Murugan Pro Member Nitin ShrotriNitin ShrotriPro Member Pushkar NagdaPushkar NagdaPro Member MUNISH KUMARMUNISH KUMAR
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI Bulletin: October 2026
  2. RBI issues guidelines on the implementation of Leverage Ratio 2017 Standard
  3. ICAI Students' Journal - Nov 2026
  4. RTPs for CA Foundation Jan 2027 Exams
  5. Guidance Notes for CA Foundation Jan 2027 Exams
  6. Permanent Exemption Window (Intermediate) - Jan 2027 Exams
  7. RTPs for CA Intermediate Jan 2027 Exams

Latest Job Openings

View all
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details