TDS OR TCS

This query is : Resolved

umesh kumar (Querist)
Follow

25 July 2021 HELLO SIR

MAI EK MEDICINE WHOLE SELLER HU OR MERA TURNOVER LAST YEAR 10 CRORE SE KAM THA BUT MERI PURCHASE KUCH COMPANY SE YEARLY 50 LAC SE JYADA HAI TOH MUJHE TDS KATANA HAI YA NAHI YA JIN COMPANIES SE PURCHASE 50 LAC SE JYADA HAI WOH TCS KAATEGI. MAI ITR SAMAY PAR HAR SAAL BHARTA HU. PLEASE CLEAR.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 July 2021 TCS applicable to you as your last year turnover is less than 10crore.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
Follow

26 July 2021 Since your turnover for last year is less than ₹10cr, TDS u/s 194q is NOT applicable to you for this year even if the purchase value is >₹50 lacs during this year.
Your customers would collect TCS from you if their turnover is >₹10cr during last year and receipts from you to them are >₹50 lacs during this year.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anurag Sharma

Shraddha Pangam

J.Vijai

sachingurav

Tanishka Khandelwal

Subscribe Now

TDS OR TCS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

CA Final

Accountant

Senior Executive

Manager- Finance and Compliance