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TDS on purchase of goods value determination

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(Querist)
28 March 2022 u/s 194Q if we are paying supplier after deducting discount for timely payment then TDS is to be deducted on gross amount or net amount i.e after discount? Purchase is booked at gross.
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CA Puja Sharma

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CA Puja Sharma (Expert)
28 March 2022 TDS to be dedutced on the Gross amount because you are accounting purchase at gross amount.

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