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
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Tax free item deal in section 194Q
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Quick Summary
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
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