T.D.S. 206AB & 194Q
This query is : Resolved
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- TDS Return Q1 FY 2026-27
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- CREDIT NOTES WITHOUT GST
- DIN reactivation
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Depreciation of fixed assets- coop housing society in mumbai
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
