Liable to deduct
This query is : Resolved
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.
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.
17 October 2023
Yes the company is liable to deduct the TDS u/s 194Q from its supplier.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
