banner_ad

Tax free item deal in section 194Q

427 views 4 replies
If a company trades in milk and it purchase more than 50 lakh milk from an LLP firm which is tax free, the company has to deduct it within its TDS Section 194Q.
All purchase are exempt

Thanks Experts
Replies (4)
For the purpose of calculating the threshold limit for TDS U/s 194Q only Taxable value is to be considered irrespective of whether Taxable in Gst or Exempted.So,TDS U/s 194Q is applicable.
You have to deduct TDS whether purchase is taxable or tax free
Thanks
Welcome.... My pleasure .....o


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details