Section 194R - TDS on benefit or perquisite in respect of business or profession

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..... onsible for providing to a resident, any benefit or perquisite, whether convertible into money or not, arising from business 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. In a case where the benefit or perquisite, is wholly in ki .....

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..... to section 194(R)(1) ] A person being an individual or a Hindu undivided family , whose total sales, gross receipts or turnover does not exceed ₹ 1 crore in case of business or ₹ 50 lakhs 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. [ Third Proviso to Secti .....

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..... enefit or perquisite is in the form of capital asset? Whether sales discount, cash discount and rebates are benefit or perquisite? Valuation of benefit/perquisite required to be carried out? Reimbursement of out of pocket expense incurred by service provider in the course of rendering service is benefit/perquisite? Dealer conference to educate the dealers about the products of the company - Is it .....

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