TCS ISSUEE

This query is : Resolved

TARIQUE RIZVI (Querist)
Follow

23 October 2021 Dear Friends

I would like to share the below given issue with you.
One of our suppliers wants to collect TCS @ 0.1% u/s 206C as per TCS rule effective from 01-10-2020 but the same time we will deduct TDS @ 0.1% u/s 194-Q effective from 01-07-2021. There is no logic of TCS Collection from the supplier as section 194-Q has eliminated in such case the section 206C.

I would appreciate your comments on this issue.

With best wishes

Yours TARIQUE RIZVI

982 1630 130

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

23 October 2021 Exceptions to the applicability of Section 194Q

The provisions of this section shall not apply to transactions where:

-- Tax is deductible under any other section of the Act
-- Tax is collectible under section 206C other than a transaction to which sub-section (1H) of section 206C applies.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Aakash Kumar

Sabareesan S Venkatesh

Chaitanya Voolla

Abhishek Kabra

Choudhary

Subscribe Now

TCS ISSUEE

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Manager- Finance and Compliance

CA Final

GST CONSULTANCY

Senior Executive