TDS on benefit or perquisite of a business or profession is covered under _______
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 .
What was the theme of Uttar Pradesh tableaux which was the winner of this year’s Republic Day Parade among 12 States and Union Territories (UT)?
Consider the following statement about MGNREGS:
I. It is a demand driven Scheme.
II. As per the Scheme, a rural household is eligible for ...
Which city in Maharashtra will have a 75-feet tall 'Statue of Knowledge' dedicated to Dr B. R. Ambedkar, and how much money has been sanctioned for the ...
What is India's ranking in the 2023 World Press Freedom Index released by Reporters Without Borders (RSF)?
The Adani Group has sold around 3% stake in Adani Transmission through open market transactions to raise about______.
Who has been appointed as the Chairman of the National Technical Research Organisation (NTRO)?
Which of the following is/are not true with respect to the information released on the monetary penalties imposed by the Reserve Bank of India in 20...
Why did Mali request the conclusion of the United Nations peacekeeping mission in the country?
IndiGo has launched an Artificial Intelligence (AI)-powered chat assistant to address customer queries in 10 different languages & is capable of perform...
Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?