Tds on Purchase of Furniture
This query is : Resolved
Quick Summary
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?
If yes then under which section?
08 July 2023
As the purchase is for personal use, sec 194Q IT will not apply.
08 July 2023
Thank you for the reply.
Further as per my thinking, other section 194M also would not be applicable?
Kindly advise
Further as per my thinking, other section 194M also would not be applicable?
Kindly advise
08 July 2023
No, that is for services and not over purchase of goods.
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08 July 2023
Understood. I later came to know that it is finished goods and not work contract.
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