The Bengal Chamber of Commerce and Industry organized an Online Session on Section 194R & its impact on distribution channels on 8th July, 2022 in association with Dhruva Advisors LLP

The Finance Act, 2022 had inserted a new provision Section 194R, which has been effective from 1st July 2022 providing for deduction of tax at source (TDS) at 10% on provision of ‘benefit’ or ‘perquisite’ to a resident. The Central Board of Direct Taxes has recently issued a Circular which provides some guidelines and examples on the scope and coverage of section 194R. 

In this backdrop, The Bengal Chamber of Commerce and Industry organized an Online Session on Section 194R & its impact on distribution channels in association with Dhruva Advisors LLP. The speakers were Mr. Aditya Hans, Partner, Dhruva Advisors LLP and Mr. Vishal Jain, Principal, Dhruva Advisors LLP. The Session concluded with an interactive and Q/A session with the participants. More than 150+ participants from various industries attended the Online Session.