I am liable for TDS Deduction I received first purchase bill from vendor.
Taxable value 48 lakh
GST. 2.4 lakh
total 50.40 lakh
whether I will deduct TDS 194 q ?
Yes, you are liable to deduct TDS.
CA Rashmi Gandhi mam aise do hi sections hai 194q and 206C (1H) jisme TDS/TCS deduction total amount par hogi na ki taxable value par. Correct me, if i am wrong.
TDS will be deducted on taxable value.
So no need to deduct the TDS.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
