TDS U/S 194Q

This query is : Resolved

BANSI LAL KHURANA (Querist)
Follow

20 June 2023 Former-A, Commission Agent-B, Rice Miller -C
Former -"A"-brought its paddy crop in the grain market for sale in auction at commission agent shop -"B". Rice miller-" C" purchased the former paddy from commission agent Shop -"B" in open auction. The commission agent raised the Form " J " to former and form " I" to the rice miller by charging its commission. The commission Agent never shows the Purchase & Sale of paddy in his books . He play the rule of commission agent only in these transition. Rice miller make the payment to commission agent and further commission agent make the payment to former. Now my question is that -The rice miller is liable to deducted the TDS u/s 194 Q from the commission Agent . on the other hand , The Commission agent says it not my purchase & sale, I have play the commission agent role to sale the former crop. please advice.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

20 June 2023 TDS u/s. 194Q will not be applicable to rice miller, as any income to farmer is exempt under IT act.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rakesh Bansal

Rahul Kulkarni

Dhairya Sanghvi

Ravi

nandeesh mashyal

Subscribe Now

TDS U/S 194Q

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA