However, the meaning of the term ‘perquisite’ is being re-examined in light of Section 194R of the Income Tax Act, 1961 (Act), which came into effect from July 1, 2022.

Even your freebies are taxable'. Influencers must report all earnings from reels, brand deals, and affiliate links, say ...

The Income Tax Department has released the Excel utility versions of ITR Forms 1 and 4 for AY 2025-26, enabling taxpayers to prepare for FY 2024-25 filings. A key change in ITR-1 now invalidates ...

A recent circular issued by the Central Board of Direct Taxes (CBDT) containing guidelines under the provisions of Section 194R (2) of the Income-tax Act, 1961, has given rise to a huge debate.

From July 1, a new TDS provision (Section 194R) is being introduced in the Income Tax Act with a view to taxing benefits and perquisites provided by one person to another. In terms of the Budget ...

The Finance Act 2022 introduced a new section 194R in the Income Tax Act for withholding 10% TDS on benefits or perquisites from non-salary sources. In a much-awaited relief to banks and other ...

The Income Tax Department has issued the ITR-3 form for the Assessment Year 2024-25. ... Also, businesses must provide TDS details on benefits and perks given to others under Section 194R.

The Income Tax Department has released the ITR-3 form for Assessment Year 2024-25. ... Also, businesses must provide TDS details on benefits and perks given to others under Section 194R.