Applicable or not?

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Financial consultant
90 Points Posted on 30 December 2023
Work Order and supply of goods with one supplier.Supply of goods crossed 2 bills ( Fixed assets)above 50 lakh.Tds applicable for 194C or 194Q? else both? Plz reply?
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On 30 December 2023 at 21:53 Report
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Quick Summary
This discussion explores the applicability of TDS sections 194C and 194Q for the supply of goods exceeding 50 lakh, where the supply is covered by a work order from a single supplier across two bills. Participants are seeking clarification on which section(s) apply and what additional information, such as turnover and seller location, is needed to determine the correct TDS treatment.

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Profession
28271 Points Posted on 31 December 2023
Pls post other relevant informations.
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On 31 December 2023 at 06:57
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Accountant
1227 Points Posted on 31 December 2023
1. what is your turnover in previous year?
2. where is the seller located?

depending on these 2 ....

tds will apply 194q mostly in this case.
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On 31 December 2023 at 09:36
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Profession
28271 Points Posted on 31 December 2023
Not only turnover other relevant informations are desirable.
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On 31 December 2023 at 19:13
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Accountant
1227 Points Posted on 31 December 2023

what other relevant information is needed ?? Please mention so that he can provide it. 

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On 31 December 2023 at 20:16
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Profession
28271 Points Posted on 02 January 2024
Tds not applicable
1 Reply
On 02 January 2024 at 06:41
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"Do the Right Thing...!!!"
128162 Points Posted on 02 January 2024
@ Prasanna,

What is Your turn over...??
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On 02 January 2024 at 07:12
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Financial consultant
90 Points Posted on 02 January 2024
Thank you
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On 02 January 2024 at 08:25
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"Do the Right Thing...!!!"
128162 Points Posted on 02 January 2024
Originally posted by : S.Prasanna
Thank you

Prasanna,

Sabyasachi reply accept panna muthal aalu neenka thaan.

Nallathey nadakkattum...

 

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On 02 January 2024 at 08:31

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