Question
Which new Section of TDS is being introduced in the
Union Budget 2022-23?Solution
Section 194R – TDS on benefit or perquisite of a business or profession New section 194R is being introduced to provide that the person responsible for providing to a resident, any benefit or perquisite of a value more than INR 20,000 , whether convertible into money or not, arising from carrying out of a business or exercising of a profession, by such resident, shall, deduct TDS @ 10% on such benefit or perquisite. The provisions of the said section shall not apply to an individual or a Hindu undivided family , 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. This amendment will take effect from 1st July, 2022 .
In which Indian state is the Tatipaka Oil Refinery located?
Assess the statements about International Day of Radiology and select the correct ones:
(I) International Day of Radiology is observed annually o...
राजस्थान में लिम्बाराम प्रसिद्ध है ?
Consider the following pairs about the leaders and places of the revolt of 1857?
Which of the following is the state of origin of the Odissi dance form?
Who is renowned as the 'Water Man of India' for his contributions to water conservation?
By how much did loans to Micro, Small, and Medium Enterprises (MSMEs) grow in the current fiscal year according to RBI data?
SAMVAD 2.0 program is associated with which of the following?
Where is the Head Office of National Housing Bank located?
The headquarter of Insurance Regulatory and Development Authority of India (IARDA) is located at