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Threshold Limit of 194 Q

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(Querist)
22 April 2022 Dear Experts,

Can we avail threshold limit of Rs. 50Lakhs yearly U/s 194Q?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 April 2022 Yes, you can avail.....
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CA AJAY KUMAR AGRAWAL

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CA AJAY KUMAR AGRAWAL (Expert)
22 April 2022 Yes, this is a yearly limit starting from 1st April every year.
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