Regarding TDS Apllicability u/s 194Q
This query is : Resolved
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Suresh S. Tejwani
(Querist)
09 August 2024
Whether TDS u/s 194Q would be applicable on brass scrap if TCS is not dedcuted by seller under section 206CE?
10 August 2024
Yes.
Suresh S. Tejwani
(Querist)
10 August 2024
The first responsibility of seller is to collect TCS under section 206CE so can disallowance can be made to buyer is TDS is not deducted by him u/s 194Q? As seller has not collected TCS under 206CE.
10 August 2024
No. when seller doesn't collect TCS, buyer if liable, has to deduct TDS.
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