banner_ad

TDS to be deducted u/s 194Q on Purchase of Goods exceeding 50 Lac

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 October 2021 If we have purchase the goods of Rs. 40 Lac in September 2021 and we are purchasing the goods of Rs. 20 Lac from same vendor.

1. Then u/s 194Q the TDS liability would be on total purchase of goods Rs. 60 Lac?
2. Or TDS liability will be on difference amount Rs. 60 Lac - 50 Lac = Rs.10 Lac?

Kindly clarify.
Thanks in advance.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
21 October 2021 TDS liability will be on difference amount Rs. 60 Lac - 50 Lac = Rs.10 Lac
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details