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 ?
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194 q clarify
Replies (6)
No as total taxable value is below 50 lakhs
Yes, you are liable to deduct TDS.
Not at all TDS applicable on taxable value not invoice value
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.
TDS on taxable value and TCS on total amount. Circular already issued.
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