Tax will now be deducted under Sec. 194R on foreign trips, gifts, free sample
Section 194R requires a person, who is responsible for providing any benefit or perquisite to a resident to deduct tax at source 10% wef 1.07.2022 of the value or aggregate of value of such benefit or perquisite before providing such benefit or perquisite in cash or in kind. The recent Income tax Department circular contains … Read more Tax will now be deducted under Sec. 194R on foreign trips, gifts, free sample