194Q-Clarification
This query is : Resolved
24 August 2021
If Invoice is received before 31.03.2021 for purchase of goods worth Rs. 60 lakh, and payment is made on 31.07.2021, for Rs. 60 lakh, whether TDS under Section 194Q is applicable?
24 August 2021
No, because deduction is applicable at the time of credit or payment which ever is earler. Here credi is earlier and at that date section is not in force.
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