To deduct the TDS U/s 194Q, whether we need to consider the taxable value Read more at: https://www

This query is : Resolved

Marimuthu (Querist)
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08 April 2023 Dear Experts,

01. Our transactions' taxable value is Rs 150,00,000.00 ( For Example)

02. Supplier is providing the service as well as the sale of goods.

03. The Taxable values RS 50,00,000.00 is from service provided by them and the TDS has been deducted accordingly

04. Balance amount of Rs 100,00,000.00 is towards purchase of goods.

05. The query :

a. In order to deduct the TDS U/s 194Q, whether we need to consider the taxable value Rs50,00,000.00, towards the service received by the receipent.

b. In short :
Whether we need to deduct the TDS u/s 194Q : Rs100,00,000.00 - Rs 50,00,000.00 = Rs 50,00,000.00

or

Rs150,00,000.00 - Rs 50,00,000.00 = Rs 100,00,000.00

Please reply.