TDS on purchase of goods and discount
hitesh rawal (27 Points)
07 October 20212. what if it is done on advance payment Basis how to treat discount in this.
hitesh rawal (27 Points)
07 October 2021
Durgesh Vashisth
(Financial Consultant)
(252 Points)
Replied 07 October 2021
Dear Hitesh,
As per Sec 194Q, for the calculation of TDS, the post-purchase transaction shall not be adjusted. Therefore discount will not be considered if it's after being purchased.