Regarding TDS on purchase goods
This query is : Resolved
amit bhatia
(Querist)
07 February 2022
I want to clarify about TDS for purchasing goods. Suppose my turnover is less than 5 CR in the current and last financial year. And sold goods to one client of RS for 3 CR or more during this year, so my question is. Is it mandatory for my customer to deduct TDS?
Dhirajlal Rambhia
(Expert)
07 February 2022
No. TDS u/s. 194Q is not applicable to you, as your TO in preceding year was less then the specified limit.
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