194Q TDS appplicable or not both turnover less than 10 cr
This query is : Open
04 March 2022
Sir/mam,
This FY 2021-22 Turnover is 7 Cr PY 2020-21 turnover is 21 Cr and purchaser turnover is FY 21-22 2 cr , we can deduct tds to purchaser both turnovers is lessthan 10cr in this financial year ,
Plz kindly suggest tds 194q applicable or not
This FY 2021-22 Turnover is 7 Cr PY 2020-21 turnover is 21 Cr and purchaser turnover is FY 21-22 2 cr , we can deduct tds to purchaser both turnovers is lessthan 10cr in this financial year ,
Plz kindly suggest tds 194q applicable or not
04 March 2022
Since your previous year's turnover was more than Rs. 10 crores, you are liable o deduct TDS u/s 194Q in the current FY 2021-22.
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