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Yash Dhanuka Profile picture
Yash Dhanuka
@YashDhanuka14
🔸Practicing Indian CPA🔸 International Taxation 🔸FEMA 🔸Audits 🔸 Business Advisory🔸GST🔸Investments 🔸 Consulting🔸 Foodie 🔸Social Activist
Jun 16, 2022 • 7 tweets • 2 min read
New #TDS provision u/s 194R effective from 1st July 2022:

A thread 🧵 on TDS on benefits/ Perquisites:

1/n A person, responsible for giving out any Benefit or Perquisites to a resident arising out of business/ profession, whether it's convertible into money or not, requires to deduct TDS @ 10% on such aggregate amt.

Provided that no TDS if value doesn't exceed 20k in a year

2/n