TDS ON BENEFITS Archives - JVB https://www.jvb.co.in/tag/tds-on-benefits/ Best CA Firm in Mumbai Mon, 22 Sep 2025 12:52:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.jvb.co.in/wp-content/uploads/2025/03/Jvb-Logo-Sqaure-150x150.png TDS ON BENEFITS Archives - JVB https://www.jvb.co.in/tag/tds-on-benefits/ 32 32 TDS On Benefits Or Perquisite Of Business Or Profession – Section 194r https://www.jvb.co.in/knowledge-sharing/tds-on-benefits-or-perquisite-of-business-or-profession-section-194r/ Mon, 22 Sep 2025 12:50:45 +0000 https://www.jvb.co.in/?p=988490 Applicability : It mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @ 10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite. Exception  : The responsibility of tax deduction also does not apply to a person, being an...

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  1. Applicability : It mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @ 10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite.
  2. Exception  : The responsibility of tax deduction also does not apply to a person, being an Individual/Hindu Undivided Family (HUF) deductor, whose total sales / gross receipts / gross turnover from business does not exceed one crore rupees, or from profession does not exceed fifty lakh rupees, during the financial year immediately preceding the financial year In which such benefit or perquisite  is provided by him.

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