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2.3-8 Gratuity
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62.1 Income subject to tax deduction under section 194Q 62.1-1 When tax is not deductible 62.1-2 Removing any difficulty 62.2 Rates for tax deduction at source during the financial year 2022-23 62.2-1 Clarifications by CBDT 62.3 Income in respect of amount payable to Government or certain corporation 62.4 Deduction of tax at lower rates 62.5 Who get credit for tax deducted
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545 545 545
546 546
550 550 550
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DEDUCTION OF TAX AT SOURCE ON BENEFIT OR PERQUISITE IN RESPECT OF BUSINESS OR PROFESSION
63.1 Who is responsible for tax deduction at source under section 194R 552
63.2 When tax has to be deducted at source 552
63.3 Tax deduction account number 552
63.4 Deposit of tax to the credit of Central Government 63.4-1 Where to deposit 63.4-2 Time within which tax has to be deposited 63.5 Statement/returns to the Government 552 552 552 552
63.6 Consequences of failure to deduct or pay tax, furnish returns, etc. 552
63.6-1 Failure to deduct and/or pay tax 552
63.6-2 Failure to comply with the provisions of section 203A regarding tax deduction account number 553 63.6-3 Failure to issue certificates or submit return/ statement 553
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HOW TO COMPUTE VALUE OF BENEFIT OR PERQUISITE AND TAX DEDUCTIBLE THEREFROM
64.1 Amount subject to tax deduction under section 194R 554 64.1-1 Benefit or perquisite covered by section 194R 554 64.1-2 Removing any difficulty 555 64.2 Rates for tax deduction at source during the financial year 2022-23 555 64.3 Deduction of tax at lower rates 556 64.4 Who get credit for tax deducted 556
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DEDUCTION OF TAX AT SOURCE FROM PAYMENT ON TRANSFER OF VIRTUAL DIGITAL ASSET
65.1 Who is responsible for tax deduction at source under section 194S 65.2 When tax has to be deducted at source 558 558
65.3 Tax deduction account number 558
65.4 Deposit of tax to the credit of Central Government 558
65.4-1 Where to deposit
558 65.4-2 Time within which tax has to be deposited 558 65.5 Issue a certificate for tax deducted at source to unitholders 558 65.5-1 Certificates are issued by downloading from TRACES Portal 558 65.5-2 Time limit within which the certificate should be given 558 65.5-3 Issue of duplicate certificate 558 65.6 Statement/returns to the Government 559 65.7 Consequences of failure to deduct or pay tax, furnish returns, etc. 559 65.7-1 Failure to deduct and/or pay tax 559 65.7-2 Failure to comply with the provisions of section 203A regarding tax deduction account number 559 65.7-3 Failure to issue certificates or submit return/ statement 559
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66.1 Income subject to tax deduction under section 194S 66.1-1 Virtual digital asset
560 560 66.1-2 Threshold limit 560 66.1-3 Overlapping between sections 194-O and 194S 561 66.1-4 Removing difficulty 561 66.2 Rates for tax deduction at source during the financial year 2022-23 561 66.3 Income in respect of amount payable to Government or certain corporation 562 66.4 Deduction of tax at lower rates 562 66.5 Who get credit for tax deducted 562
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TAX DEDUCTION FROM PAYMENTS TO NON-RESIDENTS
67.1 Who is required to deduct tax under sections 194E, 195 and 196A 67.1-1 Payer/Principal officer is person responsible for tax deduction 67.1-2 In case of consideration for transfer of foreign exchange amount 67.2 Payment from which deduction has to be made 67.3 When tax has to be deducted 564
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564 565 565 67.3-1 Payments referred to section 115BBA 565 67.3-2 Interest of mutual fund payable to non-resident 565 67.3-3 Any other payments 565 67.3-4 Private arrangement of paying income tax-free cannot discharge obligation under sections 194E, 195 and 196A 566 67.4 Tax deduction account number 566 67.5 Deposit of tax to the credit of Central Government 566 67.5-1 Where to deposit 566 67.5-2 Time of deposit 566 67.5-3 Payment through challan 567 67.5-4 Claim for refund 567
