T.D.S. 206AB & 194Q
This query is : Resolved
Bapun Dasgupta
(Querist)
05 July 2021
Our customer has sent an invoice of Rs. 1,04,534/- which contains a TCS element of Rs. 104/- (0.1%).
The customer is not willing to send either ITRs / Declarations for compliances u/s. 206AB.
Under the circumstances, what shall we do ?
Since there is a TCS element, is compliance u/s. 194Q necessary ? They are not willing to give any other document or declaration.
Please advice what should we do as early as possible.
Thanking you and with best regards.
The customer is not willing to send either ITRs / Declarations for compliances u/s. 206AB.
Under the circumstances, what shall we do ?
Since there is a TCS element, is compliance u/s. 194Q necessary ? They are not willing to give any other document or declaration.
Please advice what should we do as early as possible.
Thanking you and with best regards.
CA R SEETHARAMAN
(Expert)
05 July 2021
Yourself can check the compliance. See the link.
https://www.google.com/amp/s/taxguru.in/income-tax/check-compliance-section-206ab-206cca.html%3famp
In case of 194Q applicable deduct TDS and ignore TCS.
https://www.google.com/amp/s/taxguru.in/income-tax/check-compliance-section-206ab-206cca.html%3famp
In case of 194Q applicable deduct TDS and ignore TCS.
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