Regarding tds 194q

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744 Points Posted on 02 December 2021
purchase excess 50 lac butu turover less den 10 cr in presc fin year we are liable to deduct tds
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On 02 December 2021 at 09:37 Report
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This discussion clarifies the applicability of TDS under Section 194Q. It explains that TDS deduction is generally required for purchases exceeding ₹50 lakh in a financial year, but only if the buyer's turnover in the previous financial year exceeded ₹10 crore. If the previous year's turnover was less than ₹10 crore, TDS is not applicable.

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Managing Partner at TAXounting
8742 Points Posted on 02 December 2021
Not liable for TDS
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On 02 December 2021 at 09:45
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582 Points Posted on 02 December 2021
Tds to be deducted only when your Turnover in previous year exceeds Rs.10 crore...
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On 02 December 2021 at 22:21

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