Taxmann TDS on Benefits or Perquisites under Section 194R By Srinivasan Anand G. Edition July 2022
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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 1961, which came into effect from 01-07-2022. It covers a unique compliance-oriented & legal approach featuring illustrative case studies, FAQs, ready reckoners, etc.
TDS on Benefits or Perquisites under Section 194R By Srinivasan Anand
TDS on Benefits or Perquisites under Section 194R By Srinivasan Anand
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 1961, 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
Alphabetical Reckoner on Benefits/Perquisites
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:
What are the requirements of the Circular?
What are the matters clarified by the Circular?
What are the issues arising out of the Circular and the possible solutions
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 triggered
This chapter is discussed in light of case laws
Chapter 5 discusses the nature of obligation cast on the provider of benefit/perquisite and how to comply?
Chapter 6 discusses the removal of difficulty (ROD) clause [Section 194R(2)] and on what grounds the ROD clause itself and Circular 12/2022 issued by CBDT under the ROD clause can be challenged in Courts
Chapters 7 to 34 discuss the deductibility of TDS under Section 194R in various situations
Chapter 35 discusses FAQs
Chapter 36 discusses avenues for litigation that have arisen due to the Circular
Chapter 37 discusses amendments made to Income-Tax Rules consequent to section 194R
About the author
CA Srinivasan Anand G has qualified in the exams of all three premier professional institutes, i.e. ICAI, ICWAI & ICSI. He is the author of best selling books on Tax laws and Auditing. His books “CARO 2020”, “Tax Audit” and “Taxation of Startups and Investors” have been among the bestsellers in Amazon.
He had been associated as a guest faculty with various institutes such as Regional Training Institute, Comptroller & Auditor General of India, Western Coalfields Ltd., Punjab National Bank, and Zonal Training Centre. He has also spoken at Study Circle Meetings organized by the Nagpur Branch of ICAI.
