TDS U/S 94Q ON PURCHASE OF GOODS
This query is : Resolved
28 January 2022
Sir we are a distributor and our turnover exceed 11 cr. previous year. we have two supplier whose turnover also above 10 cr. & our every year transaction is almost 2 cr. So, my question is do we need to deduct tds u/s 94q from 1st April on every bill or we need to wait to cross the exemption limit i.e. 50 lacs.
28 January 2022
You need to wait to cross the exemption limit of 50 lacs.
28 January 2022
Thank u Sir for the suggestion
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