Do you know about the TDS on Business Gifts , if you are a MSME….This New TDS 194R might be even 20% instead of 10% ?

Last year, a new TDS had started… this March 2023, we have the first Balance Sheets for this section’s compliance…. So, let us see this TDS on Gifts From the perspective of MSME

Labour welfare Fund – Haryana … Alert

“Due date” ( including buffer time given by Govt) = 31st Jan 2023 ( for the 12 months Jan 2022 to Dec 2022 )

Try to Finish this compliance also, before time.

Please pay both employer share and employee share

Sometimes, we give Gifts, or Receive Gift.

If the Gift is of a significant amount, then proper documentation is very important.

See this video to understand the recommended documentation for Receipt of Gift, and using that in purchase or property, or Share investments etc.

Or similarly getting or giving loan to Son or Daughter.

Shot at Hotel Effotel, by Sayanji, at Indore, Madhya Pradesh

Gift – Documents required for Indian or NRI Gift- Passport, PIO, PAN, Affidavit, bank Finsys ERP Software,Corrugation ERP,Duplex Folded Cartons ERP,ERP Software for MSME,ERP Software company Delhi NCR Gurgaon Faridabad,Effotel Indore,NRI Gift,Affidavit for Gift,Documents required for giving Gift,documentation for Receiving Gift,Sangeet Gupta,Indore

Hope you are protecting your Cash loss in GST