Union Budget: Up to 6 months jail if TDS on free samples to doctors not deposited

Written by Roshni Dhar Published On 2023-02-03T16:58:40+05:30 | Updated On 3 Feb 2023 4:58 PM IST

Union Budget: Up to 6 months jail if TDS on free samples to doctors not deposited

The Union Government has recently clarified that failing to deduct and pay 10 percent TDS on the value of freebies received by doctors, as required under Section 194R (TDS on benefit or perquisite in respect of business or profession) in the Income-tax Act, 1961, will attract jail term for up to 6 months and a sum of penalty.

This came during the budget for the year 2023-24, wherein, various amendments have been proposed for the taxpayers by the Union Finance Minister Nirmala Sitharaman.

For more details, check out the link given below:

Up To 6 Months Jail If TDS On Free Samples To Doctors Not Deposited: Union Budget

TDSUnion BudgetfreebiesNirmala Sitharamanbuget 2023doctorspharma companiestax decucted at sourceBudget 2023

Roshni Dhar

Roshni Dhar, a Mass com graduate with a soft corner for health happenings, joined Medical Dialogues as a news anchor in 2021. Inspired by her mother who is a gynaecologist, she likes to keep herself and the world updated on the occurring in the medical field. She covers various aspects of health news for MDTV at Medical Dialogues. She can be contacted at editorial@medicaldialogues.in. Contact no. 011-43720751