16 October 2023
Dear Experts, 1 A company is starting to purchase the goods from it supplier, which was commenced on 05-08-2023 2 Now the transactions has crossed the limit of Rs 50.00 Lakhs with that supplier. 3 Also this company's turnover is more than Rs 10.00 crore during the last FY. 4 But this company does not aware of the supplier's turnover. 5 The query: Whether the company is liable to deduct the TDS u/s 194Q from its supplier.
CAclubindia
