TDS U/s 194Q on purchase of Fixed Assets
This query is : Resolved
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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
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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