The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that non-monetary perquisites received by dealers constitute taxable supply and TDS deducted benefits are also treated as consideration. The bench of C. Thiyagarajan and B. Suseel Kumar has observed that TDS under section 194R of the Income Tax act is deducted on this particular amount…
Non-Monetary Perquisites Received by Dealers Constitute Taxable Supply; TDS-Deducted Benefits Also Treated as Consideration: AAR
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Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
