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TDS U/S 94Q ON PURCHASE OF GOODS

This query is : Resolved 
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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2022 You need to wait to cross the exemption limit of 50 lacs.
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Priyanka Roy

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Priyanka Roy (Querist)
28 January 2022 Thank u Sir for the suggestion
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