TDS Under Section 194Q v/s TCS under section 206C(1H)

CA CMA Piyush Taurani , Last updated: 21 June 2021  
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Who is liable to deduct TDS u/s 194Q? Buyer will deduct TDS of seller As per section 194Q, When a Buyer who is responsible for paying any sum to any resident seller for the purchase of any goods of the value or aggregate of such value exceeding Rs.50 Lakhs during the year, he shall deduct TDS

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Published by

CA CMA Piyush Taurani
(CHARTERED ACCOUNTANT & COST and MANAGEMENT ACCOUNTANT )
Category Income Tax   Report

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