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Which amount TDS liability

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(Querist)
20 February 2024 Sir, we made advance payment of Rs. 1 crore on 03.12.23 to buy a machine worth Rs. 2 crore, but no TDS was deducted, now today invoice received, so which TDS and late payment penalty will arise, and which amount. Kindly advice.
Thanks
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Gokul Sharma

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Gokul Sharma (Expert)
21 February 2024 no TDS Applicable on Material Purchase.
check whether there is Contract involved to maintain the machine.
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Ashok

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Ashok (Querist)
21 February 2024 Thanks sir for reply, sir, section 194Q not affected on above transection.



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Gokul Sharma

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Gokul Sharma (Expert)
21 February 2024 194Q WILL APPLY AS THIS SECTION RELATED TO PURCHASE OF GOODS.

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