Dear Sir/Madam,
Kindly clarify or pls share me the link to describe detailly the differences and applicability of TDS 194Q and TCS 206C(1H)on Goods.
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Difference between TDS 194Q and TCS 206C(1H)on Goods
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Summary: Section 206C(1H) (TCS) was abolished effective April 1, 2025. Currently, only Section 194Q (TDS) applies to the purchase of goods, requiring buyers with a preceding-year turnover over ₹10 crore to deduct 0.1% TDS on purchases exceeding ₹50 lakh from a single resident seller.
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