Obligations to collect tax at source u/s 206(1h)

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59 Points Posted on 26 June 2021
If provisions of 194(q) are applicable to a buyer but buyer fails to comply provisions of section 194(q) then is it obligatory to collect tax by the seller u/s 206(1h)??
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On 26 June 2021 at 14:21 Report
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This discussion clarifies whether a seller is obligated to collect tax at source under Section 206(1H) if the buyer fails to comply with Section 194(q). The consensus suggests that if the seller meets the turnover criteria, they must collect the tax, referencing the second proviso of Section 206C(1H). It's advised to consider the lower rate section for compliance.

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CMA
13117 Points Posted on 26 June 2021
It seems so if one refers to the 2nd proviso of section 206C(1H), provided the seller meets the turnover criterion.
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On 26 June 2021 at 14:28
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tax consultant
3306 Points Posted on 26 June 2021
Go for lower rate section
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On 26 June 2021 at 16:16

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