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Articles by CA Vibhor Kalamkar

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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.

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Posted in Income Tax  2 comments |   8391 Views