Definition of Goods u/s 194Q.

Himanshu Singh (30 Points)

28 April 2023  
Respected Concerns,

My name is Himanshu.
I need to ask the purchase of which goods are covered u/s 194Q.
Currently we're purchasing raw materials i.e. steel bars, cement etc to build a manufacturing plant for our business.

The purchase value of steel bars and other raw material is greater than 50 lacs in the previous year.

So, I need to ask do we have to deduct TDS u/s 194Q on the said purchase too?