194q Doubt in Theresold limit

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196 Points Posted on 26 October 2021
sir

my doubt is

2020 21. transaction is 65,00,000/-

2021 22 transaction up to june . 20 lakhs..

July 2021 transaction is Rs. 35 lakhs

then Tds 194q is ??

How I calculate theresold limit..

thanks in advance..
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On 26 October 2021 at 15:48 Report
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Quick Summary
This discussion clarifies the threshold limit for TDS under Section 194Q. It addresses a specific scenario where transactions span across financial years and include a mid-year increase. The user seeks guidance on calculating the applicable TDS amount based on cumulative turnover and the threshold limit.

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SEO Sai Gr. Hosp.
212535 Points Posted on 26 October 2021

Deduct TDS on 5 lakhs. (20+35-50)

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On 26 October 2021 at 16:23
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Chartered Accountant
24588 Points Posted on 26 October 2021
TDS on 5 lakhs rupees
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On 26 October 2021 at 19:16
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6 Points Posted on 26 October 2021
TDS deduct on 5lac rs.
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On 26 October 2021 at 22:17

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