Poonawalla fincorps
Poonawalla fincorps

Section 194Q......

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(Querist)
26 June 2021 If I purchase paddy from mandi board, Wheather section 194Q applicable? ( Assume limit of Rs 50 lacs crossed)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 June 2021 TDS not applicable as it's considered as procurement from agriculturist.
Mandi board is not a business entity, it facilitates sale of agricultural produce.
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Gourav dewangan

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Gourav dewangan (Querist)
28 June 2021 Thank you sir for your valuable reply..
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