Section 194Q......
This query is : Resolved
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26 June 2021
If I purchase paddy from mandi board, Wheather section 194Q applicable? ( Assume limit of Rs 50 lacs crossed)
27 June 2021
TDS not applicable as it's considered as procurement from agriculturist.
Mandi board is not a business entity, it facilitates sale of agricultural produce.
Mandi board is not a business entity, it facilitates sale of agricultural produce.
28 June 2021
Thank you sir for your valuable reply..
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