There is no definition in regard of goods
in Income tax act.
But in sale of goods act 1930 there is a definition of goods.
As per sale of goods act 1930 , shares include in goods.
So , my question - is tds u/s 194 Q , is applicable to purchase of preference shares ?
GUIDELINES BY CENTRAL GOVT VIDE CIRCULAR NO-13 OF 2021
TRANSACTIONS CARRIED THROUGH EXCHANGES
Section-194Q Not Applicable Where
- Transactions In Securities & Commodities Through Recognised Stock Exchanges Or Cleared And Settled By Recognised Stock Exchanges.
- Transactions In Electricity, Renewable Energy Certificates & Energy Saving Certificates Traded Through Power Exchanges Registered In Accordance With Regulation 21 Of CERC
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