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Tds 194q is applicable for purchase from SEZ

gvinod (Asst manager accounts) (15 Points)

02 June 2022

Hi,

I request u to clarify my doubt for purchase material from SEZ unit worth rs. 70 lac, so is it applicable Tds u/s 194q for dedication or any exceptions to SEZ

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3 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 03 June 2022

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Sreevidhya V (405 Points)
Replied 06 June 2022

Hv u got the answer? if so pls reply if 194q applies on purchase from SEZ

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 06 June 2022

Yes, TDS u/s 194Q must be deducted even if the seller is an SEZ.

If the buyer is eligible u/s 194Q whose turnover was more than Rs.10 crore in the previous financial year, he is liable to deduct TDS when he purchases goods exceeding Rs.50 lakh in value in a year from a seller.