194q and 206c
This query is : Resolved
28 April 2022
Hi Experts
A sells goods for Rs 75 lakhs to B. As sales consideration he receives different goods from B (manufactured by B) for Rs 75 lakhs. Whether 206C and 194Q both will be applicable to A. Whether A will liable to collect TCS as well as deduct TDS in this case or only 206 will be applicable.
A sells goods for Rs 75 lakhs to B. As sales consideration he receives different goods from B (manufactured by B) for Rs 75 lakhs. Whether 206C and 194Q both will be applicable to A. Whether A will liable to collect TCS as well as deduct TDS in this case or only 206 will be applicable.
Message likes :
2 times
28 April 2022
Yes, A will be liable to collect TCS on his sales as well as deduct TDS on his purchase in this case if applicable.
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
