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TDS Applicability on Asset Purchase

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(Querist)
13 December 2021 Sir,

I want to know in case of a supplier who was already covered applicability of TDS under section 194Q during the financial year 2021-22, whether TDS was applicable in case when as asset was purchase from the same party.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 December 2021 As such there is no demarcation of purchases, so yes, it will be applicable.

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