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
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- NON- SUBMISSION OF LLP FORM 3
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
