194Q vs 206C(1h)
This query is : Resolved
10 April 2025
Sir, the TDS provisions will apply only when the buyer of goods turnover exceeds of RS.10,00,000 in the hands of the buyer, else the sellor has to collect TCS - am I right sir ?
10 April 2025
Yes, you are correct....
10 April 2025
Sir, there is one section where in if the turnver exceesds one crores, then TDS provisions apply, kinldy help me out with that section .
10 April 2025
That condition is for overall applicability of TDS, when TO of business is 1 Cr or more; but for sec. 194Q, there is specific condition of 10 Crs. which overrides the general condition...
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