26 January 2024
IF MR.X HAS TURNOVER NOT EXCEEDING RS. 10CR IN PREVIOUS FINANCIAL (I.E.2022-23)YEAR SO SECTION 194Q IS NOT APPLICABLE TO MR.X HOWEVER MR.X WANTS TO CUT TDS U/S 194Q OF ANY SELLER IN CURRENT FINANCIAL YEAR (I.E.2023-24) SO CAN HE DO SO? AND IF YES WHAETHER HE HAS TO CUT TDS OF ALL PARTY EXCEDDING RS. 540LAKH IN CURRENT FINANCIAL YEAR OR CAN HE CUT OF ANY SPECIFIC PARTY ONLY?
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