My organization had turnover of less than 10 Cr. in previous year, if we have not received declaration u/s 194 Q from buyer ( we have not confirmed whether they will deduct TDS).
Now, we are liable to charge TCS or Not , as in previous year my turnover is less than 10 Cr. If Buyer will deduct TDS there is duel taxation ?
02 July 2021
TCS not applicable to you for this year because turnover within the threshold limit. The buyer will deduct tax at source u/s 194Q wherever applicable.
CAclubindia
