Applicability of Section 194Q TDS on Purchase of Goods

Vikas Rai , Last updated: 01 June 2021  
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Introduction A new section 194Q introduced In the Budget 2021-22 which will be effective from 1stJuly 2021. In order to widen and deepen the tax base, it is proposed to levy a TDS of 0.1% on purchasetransactions exceeding Rs. 50 lakhs in a year. In order to reduce the compliance burden, it is

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Vikas Rai
(Salaried Professional)
Category Income Tax   Report

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