Which amount TDS liability

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This discussion clarifies TDS liability when an advance payment of Rs. 1 crore was made for a machine purchase without initial TDS deduction. It confirms that Section 194Q, related to the purchase of goods, does apply to this transaction. The query seeks advice on the applicable TDS amount and any late payment penalties that may arise.

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(Querist)
20 February 2024 Sir, we made advance payment of Rs. 1 crore on 03.12.23 to buy a machine worth Rs. 2 crore, but no TDS was deducted, now today invoice received, so which TDS and late payment penalty will arise, and which amount. Kindly advice.
Thanks
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Gokul Sharma

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Gokul Sharma (Expert)
21 February 2024 no TDS Applicable on Material Purchase.
check whether there is Contract involved to maintain the machine.
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Ashok

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Ashok (Querist)
21 February 2024 Thanks sir for reply, sir, section 194Q not affected on above transection.
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Gokul Sharma

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Gokul Sharma (Expert)
21 February 2024 194Q WILL APPLY AS THIS SECTION RELATED TO PURCHASE OF GOODS.
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