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Obligations to collect tax at source u/s 206(1h)
If provisions of 194(q) are applicable to a buyer but buyer fails to comply provisions of section 194(q) then is it obligatory to collect tax by the seller u/s 206(1h)??
Replies (2)
It seems so if one refers to the 2nd proviso of section 206C(1H), provided the seller meets the turnover criterion.
Go for lower rate section
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