TDS U/s 194Q on purchase of Fixed Assets
This query is : Resolved
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DILIP KUMAR BARANWAL
(Querist)
21 November 2022
Dear Sir,
If any fixed assets (movables or immovable) purchased for company use and their purchase value (excl. GST) exceed Rs. 50 Lakh, then whether TDS U/s 194Q is applicable on purchase value above Rs. 50 Lakh.
Thanks & Regards,
Dilip Baranwal
If any fixed assets (movables or immovable) purchased for company use and their purchase value (excl. GST) exceed Rs. 50 Lakh, then whether TDS U/s 194Q is applicable on purchase value above Rs. 50 Lakh.
Thanks & Regards,
Dilip Baranwal
CA R SEETHARAMAN
(Expert)
21 November 2022
194q applicable only for movable assets.
For immovable assets TDS applicable under section 194IA.
For immovable assets TDS applicable under section 194IA.
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