Sec 194Q related query
Ataur Rehman (146 Points)
11 April 2023Ataur Rehman (146 Points)
11 April 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167376 Points)
Replied 12 April 2023
Opening Credit balance is not purchase for current year.
Your net purchase for the FY is 22 Lakhs as on date.
Once you cross the limit of 50 lakhs, including the 22 lakhs, you need to start deducting TDS u/s. 194Q of the act.
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