Deduction of tax on benefit or perquisite in respect of business or profession

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..... iness or the exercise of a profession, by such resident, shall, before providing such benefit or perquisite, as the case may be, to such resident, ensure that tax has been deducted in respect of such benefit or perquisite at the rate of ten per cent. of the value or aggregate of value of such benefit or perquisite: Provided that in a case where the benefit or perquisite, as the case may be, is .....

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..... y, whose total sales, gross receipts or turnover does not exceed one crore rupees in case of business or fifty lakh rupees in case of profession, during the financial year immediately preceding the financial year in which such benefit or perquisite, as the case may be, is provided by such person. (2) If any difficulty arises in giving effect to the provisions of this section, the Board may, wit .....

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..... nd or partly in cash and partly in kind. ] ************** NOTES:- 1. Inserted vide Finance Act, 2022 w.e.f. 01-07-2022 2. Numbered vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 3. Inserted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regul .....

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