TDS u/s 194R and Total Income Qs

Direct Taxation

If value of Perquisite in salary exceeds RS 20,000p.a , TDS u/s deductible @ 10%. If question on total Income is silent , CAN WE ASSUME THAT TDS HAS BEEN DEDUCTED ON PERQUISITES AND LESS IT FROM ULTIMATE TAX LIABILITY ??

Varun Mulay

CA Final

★ 39K+

06-Mar-23 13:16

473

Answers (3)

How is 194R linked to Salary?

CA Suraj Lakhotia

Admin

06-Mar-23 14:31

CA Suraj Lakhotia Admin

How is 194R linked to Salary?

Sir , I mean to say any Perquisite arising from busibess

Thread Starter

Varun Mulay

CA Final

★ 39K+

06-Mar-23 14:53

If the question mentions net amount then you can assume. It could be possible that the prerequisite is received from multiple persons - it is possible that TDS was not deducted.

CA Suraj Lakhotia

Admin

06-Mar-23 17:39