TDS 194 Q
This query is : Open
01 July 2021
Sir,
Total purchases exceed from X party 50 lac
Shall we need to deduct TDS u/s 194 Q on bills received prior to 01.07.2021, which were due for payment Or Not. plz clarify.
Than Q
Total purchases exceed from X party 50 lac
Shall we need to deduct TDS u/s 194 Q on bills received prior to 01.07.2021, which were due for payment Or Not. plz clarify.
Than Q
01 July 2021
As per clarification released by CBDT on 30.06.2021, the provision of section 194Q will not be applicable on the sum, if either credit or payment of such sum has happened before 01.07.2021. Refer CBDT circular 13/2021-Guidelines under section 194Q of the Income-tax Act, 1961
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
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- 44AD VS 44AB AUDIT
- Computation of Dividend
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- TDS Return processing
- TDS NOT YET CREDIED
- Itr processing delay
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- TDS Intimation(Short Deduction)
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
