Project TDS

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Financial consultant
90 Points Posted on 17 November 2023
Project account- Purchase of fixed assets if bill crosses 50Lakh 194Q TDS applicable or not need?
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On 17 November 2023 at 13:52 Report
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Quick Summary
This discussion explores whether TDS under Section 194Q applies to the purchase of fixed assets when a single bill exceeds 50 Lakhs. Participants are seeking clarity on the applicability, especially concerning the purchaser's turnover and who is responsible for deducting the TDS.

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CA
1251 Points Posted on 17 November 2023

Applicable

 

 

 

 

 

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On 17 November 2023 at 14:38
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ACCOUNTS MANAGER
2213 Points Posted on 17 November 2023

Bill crossed 50 lakh...... from 1 supplier........... 

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On 17 November 2023 at 15:32
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"Do the Right Thing...!!!"
128162 Points Posted on 17 November 2023
What about Purchaser's T/O and applicability of the section...???
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On 17 November 2023 at 17:16
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Practising CA
8954 Points Posted on 18 November 2023
Doesn't matter @ Raja P M sir
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On 18 November 2023 at 04:18
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"Do the Right Thing...!!!"
128162 Points Posted on 18 November 2023
Originally posted by : CA Raj Doshi
Doesn't matter @ Raja P M sir

@ Mr CA Raj Doshi Sir,

I can't understand Your reply...

Who can deduct TDS as per said section...?

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On 18 November 2023 at 06:26

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