TDS 194Q vs TCS 206CR

amol bramhankar (artical tranee) (263 Points)

21 September 2024

The seller has deducted TCS and the buyer is not allowed to deduct TDS, as the seller states they have already deducted TCS.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174477 Points)
Replied 23 September 2024

Que. On Which transaction provision of the section 194Q not applicable?

Ans. The provisions of this section shall not apply to a transaction on which

(a) tax is deductible under any of the provisions of this Act like sec. 194O; and

(b) tax is collectible under the provisions of section 206C other than a transaction to which sub-section (1H) of section 206C applies.

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