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Income to be declared under which for perquisites u/s 194R from Co., Income Tax

Issue Id: - 119519
Dated: 15-1-2025
By:- Venkatesh Dhongadi

Income to be declared under which for perquisites u/s 194R from Co.


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A dealer went to foreign trip on scheme purchases from company. And company has done TDS u/s 194R. Books of accounts are not maintained and ITR is required to filed u/s 44AD of Income tax act, 1961. Perquisites received from company (Foreign trip) to be shown under which head of Income - Business Income or Other Sources?

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