194Q section

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example XY. Turnover croses 10 cores P Y ( purchase party )


. . ZX. Turnover croses 10 cores
P Y
(sales party )

ZX collected tcs while making bill to XY

already ZX (SALES PARTY) collected tcs. XY (PURCHASE PARTY ) IS manditory to deducted tds making payment to ZX ..
Replies (3)

Primary responsibility is that of buyer. However, since tax has already been collected by the seller, the buyer is again not required deduct tax at source on the same transaction

1st 194 Q -Buyer.

206C(1H) Applied exclusively-No need to deduct TDS u/s 194 by the buyer.
Yes agree with poornima


CCI Pro

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