Tds and tcs for consignment sales
This query is : Resolved
14 September 2021
Whether tds u/s 194q and tcs u/s 206c(1h) to be made by consignor or consignee in consignment sakes
15 September 2021
When both the sections are applicable in any such case, Its the buyers responsibility to deduct TDS u/s. 194Q. It means if TDS u/s 194Q is applicable then TCS u/s 206C(1H) will not be applicable.
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