Tds on Purchase of Furniture

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This discussion clarifies whether Tax Deducted at Source (TDS) applies when an individual purchases furniture exceeding Rs 50 lakhs for personal use. It confirms that Section 194Q of the Income Tax Act is not applicable as the purchase is for personal use and not a service. Section 194M is also ruled out as it pertains to services, not the purchase of finished goods.

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(Querist)
08 July 2023 If a individual, (Audit Not applicable) purchases a furniture above Rs 50 lakhs including GST for personal use. Will it attract Tds ?

If yes then under which section?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 July 2023 As the purchase is for personal use, sec 194Q IT will not apply.
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H Thakar

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H Thakar (Querist)
08 July 2023 Thank you for the reply.

Further as per my thinking, other section 194M also would not be applicable?
Kindly advise
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 July 2023 No, that is for services and not over purchase of goods.
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H Thakar

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H Thakar (Querist)
08 July 2023 Understood. I later came to know that it is finished goods and not work contract.
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