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194Q and 206C(1H)

This query is : Resolved 
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(Querist)
18 August 2022 As per provision when a similar transaction falls between both sections 194Q and 206C(1H)....194Q Overrides.

My question is I was liable to deduct u/s 194Q however the seller has already deducted on the same amount under 206C(1H).

Accordingly,
1)Whether I am still liable to deduct under 194Q?
2)Is non deduction of TDS on purchase attract sec 40a(ia) ?
3) Treatment of TCS collected under 206C(1H).
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 August 2022 1 Not liable.
2 yes.
3 Claim it while filling ITR.
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Garv Sharma

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Garv Sharma (Querist)
19 August 2022 While I am not liable to deduct TDS so how sec 40a(ia) attaracted on the same.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 August 2022 40a(ia) not attracted.

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