Easy Office
LCI Learning

Duty of tds on purchase

This query is : Resolved 

24 June 2021 dear sir, tds on purchase is applicable from 1.7.2021 if seller charge tcs still i have to pay tds?

25 June 2021 Ask the seller to stop TCS and deduct TDS if applicable.

25 June 2021 Seller, if applicable, will collect tax at source up to 30th June and from 1st July, the purchaser has to start deducting tax at source, if applicable.
The seller is not required to again collect tax on transactions on which tax has been deducted by the buyer u/s 194Q w.e.f. 1st July.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query