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TDS on Goods

TDS on Goods (Section 194Q) Ready Reference Guide

What is the applicability? With effect from 1st July, 2021; On aggregate value of purchase exceeding INR 50 lacs from a single seller in a financial year. To buyer whose turnover from business exceeds INR 10 Crore during preceding financial year i.e. excluding GST; and Only on purchase of Goods What is the Non-Applicability? TDS is deductible under any other provisions of Income Tax Act; TCS is collectible under any… Read More »TDS on Goods (Section 194Q) Ready Reference Guide