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.
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CA R SEETHARAMAN
(Expert)
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.
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