Tax deductible@sourse
vijaya mahanthesha (3 Points)
25 September 2021vijaya mahanthesha (3 Points)
25 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 25 September 2021
Any person, being a buyer who is responsible for paying any sum to any resident seller for purchase of any goods, in case the value or aggregate of such values exceeds Rs.50 lakhs in any Previous Year is liable for deduction of tax on such transaction.
As per the explanation to Section 194Q (1), a buyer shall be a person whose total sales, gross receipt or turnover exceeds Rs.10 crore in the immediate preceding financial year of the year of transaction.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 25 September 2021
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"