Sr Manager Finance and Taxation
146 Points
Joined April 2008
TDS will be deducted U/s194Q, T/o must exceeds Rs10Cr and Upto50L- There is no tds on goods purchased from seller. Buyer has to deduct TDS and pay to the Govt on subsequent month on or before 7th. Once T/O limit has been exceeding during the PY, we need to deduct TDS.