194Q Purchase of goods
Ashish Shivhare (Advocate) (59 Points)
07 August 2021Ashish Shivhare (Advocate) (59 Points)
07 August 2021
Yashwant Kori
(14 Points)
Replied 07 August 2021
Akshay Agaldiviti
(-----)
(40 Points)
Replied 08 August 2021
Not applicable, no need to deduct TDS,
Sec194 applies to buyer only if turnover is applicable if turnover as per immediately preceding previous year exceeds 10 crore.
Please refer below link for more clarity.
https://www.incometaxindia.gov.in/communications/circular/circular_13_2021.pdf
Akshay Agaldiviti
akshay.agaldiviti @ gmail.com