Author Description

This Is A Handy Book On Deduction Of Tax Deduction At Source (tds) On Benefits Or Perquisites Under Section 194r Of The Income-tax Act 1962, Which Came Into Effect From 01-07-2022. It Covers A Unique Compliance-oriented & Legal Approach, Along With The Following: • Illustrative Case Studies On Deduction Of Tds Under Various Scenarios • Frequently Asked Questions (faqs) On Key Concepts • Ready Reckoners O Alphabetical Reckoner On Benefits/perquisites O Reckoner To Central Board Of Direct Taxes (cbdt) Circular [circular No. 12/2022 | Dated 16-06-2022] The Present Publication Is The Latest 2022 Edition & Updated Till 16th June 2022. This Book Is Authored By Ca Srinivasan Anand G., With The Following Noteworthy Features: • [reckoner To Cbdt's Circular] Which Includes The Clarifications & Issues Arising From The Circular, Is Given At The Start Of The Book • [applicability Of Tds U/s 194r] Discussed Via Various Case Studies & Faqs • [threadbare Analysis Of Cbdt's Circular] Which Includes The Following: O What Are The Requirements Of The Circular? O What Are The Matters Clarified By The Circular? O What Are The Issues Arising Out Of The Circular And The Possible Solutions O What Are The Grounds On Which The Circular Can Be Challenged? • [threadbare Analysis Of Removal Of Difficulty Clause] Of Section 194r(2) • [complex Legal Positions] Are Simplified Via Flow Charts • [discussion Supported By Case Laws] The Structure Of The Book Is As Follows: • Chapter 1 Analyses Section 194r, The Rationale For Enacting It And Outlines Its Salient Features • Chapter 2 Discusses Who Is Liable To Deduct Tds Under Section 194r, I.e., Who Is The Provider Of Benefit Or Liability? • Chapter 3 Discusses What Conditions Should Deductee (resident Recipient) Satisfy So That The Liability Of The Provider Of Benefit Or Perquisite To Deduct Tds U/s 194r Is Triggered • Chapter 4 Discusses The Nature Of The Condition To Be Satisfied By Benefit Or Perquisite So That Liability To Deduct Tds U/s 194r Is Tr