Is correct way of TDS deduction under section 194 Q

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Daya (Querist)
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30 December 2024 A bill received for Rs.
Goods Value Rs. 2,00,00,000
GST 36,00,000
Total Amount 2,36,00,000
whether TDS under section 194 Q will be deducted
2,00,00,000 Less 50,00,000 I.e Rs. 1,50,00,000 @0.1% =15,000

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 December 2024 Correct.
For a financial year that ended on March 31, 2024, a buyer whose turnover was more than Rs 10 crore in that year needs to deduct TDS @ 0.1% from their resident seller on the purchase of goods above Rs 50 lakh in the current financial year 2024-25.

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