Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Articles by CA Vibhor Kalamkar

avatarView Full Profile

Section 194Q of the Income Tax Act, 1961

  CA Vibhor Kalamkar    30 June 2021 at 10:19

The section provides a threshold limit of Rs. 50 Lakh for a particular FY. This means tax is required to be deducted when the purchase of goods by a buyer from a seller exceeds Rs. 50 Lakh during any FY.

Continue Reading »
Posted in Income Tax  2 comments |   8391 Views