194Q in income Tax Act 1961

Haranath pasupuleti (3 Points)

24 May 2022  

Sir/Madam,

Buyer(A) total turnover/sales in previous Financial Year crosses 10 crores, but seller "B" turnover is less than 10 crores and annual transactions  with buyer "A" is less than 50 Lakhs.

Does Buyer need to deduct TDS @ 0.1% .

Does any ONE condition qualify for applicability of TDS -194Q or  both conditions need to qualify.