TDS U/S 194Q
This query is : Resolved
BANSI LAL KHURANA
(Querist)
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.
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
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
