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194 q clarify

05 July 2022

I am liable for TDS Deduction I received first purchase bill from vendor.
Taxable value 48 lakh
GST. 2.4 lakh
total 50.40 lakh
whether I will deduct TDS 194 q ?

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6 Replies

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 05 July 2022

No as total taxable value is below 50 lakhs

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Rahul Garg ( ) (25 Points)
Replied 07 July 2022

Yes, you are liable to deduct TDS.

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 08 July 2022

Not at all TDS applicable on taxable value not invoice value

Rahul Garg ( ) (25 Points)
Replied 08 July 2022

CA Rashmi Gandhi mam aise do hi sections hai 194q and 206C (1H) jisme TDS/TCS deduction total amount par hogi na ki taxable value par. Correct me, if i am wrong.