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TDS u/s 194Q Calculation

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(Querist)
06 October 2021 Is TDS u/s 194q to be deducted on Net Purchase (Purchase -Purchase Return) or what

Suppose I have Purchase of Rs. 100000 out of that 30000 is return, so i am deducting TDS on 70000 only
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 October 2021 Yes, deduct on net purchase.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 October 2021 For more clarity, please refer clause 4.3.3 of CBDT circular 13/2021 dated 30-06-2021.




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